• 18^th Consecutive Record Quarter: Best Ever Q2
• Upgrades FY2027 Revenue Guidance By 300 Basis Points
• Revenue Up By 21% At Inr 2,566 Crores; Hotel Segment Up By 24%
• Ebitda Up By 21% At Inr 788 Crores; Pat Up By 23% At Inr 349 Crores
• Diversified Brandscape Powers Portfolio To 670 Hotels

MUMBAI, OCTOBER 21, 2026: The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for second quarter and half year ending September 30, 2026.

Mr. Puneet Chhatwal, Managing Director & CEO, IHCL, said, “Q2 FY2027 marks the eighteenth consecutive record quarter with a Consolidated Revenue of INR 2,566 crores, up 21% over the previous year. For the quarter EBITDA stood at INR 788 crores with EBITDA margin at 30.7% and PAT of INR 349 crores, up 23%. This consistent performance is a testament to IHCL’s scalable and diversified operating model, which enables robust growth while preserving margin strength. The operating revenue and operating EBITDA grew by 22% and 24% respectively with a margin expansion of 50 basis points.The revenue drivers were rise of 25% in RevPAR from domestic same store hotels, 25% increase in management fee income led by new openings momentum, 25% revenue growth in Select Service Business and the contribution from our recent acquisitions of Brij and Atmantan.

He added, “With 47 signings in the first half across the brandscape, IHCL today is a portfolio of 670 hotels and is set to achieve its guidance under Accelerate 2030 of a 700-hotel portfolio well ahead of time. Building on its first-half performance, IHCL is upgrading its Consolidated Revenue guidance from 12-14% to 15-17% growth for FY2027 led by 17-19% hotel segment revenue with seasonally strong quarters ahead, high demand from social and MICE events and our strong non-like-for-like growth.” 

Mr. Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL said, “In Q2 FY2027, IHCL Standalone reported an operating Revenue of INR 1,336 crores, 26% over the previous year, operating EBITDA of INR 520 crores, up 40%,driving a strong operating EBITDA margin of 38.9%, an expansion of 400 basis points and a PAT of INR 393 crores, an increase of 36%. The performance in the quarter in the standalone entity was bolstered by RevPAR growth of 28% in full-service same store hotels led by marquee events in the capital and contribution from renovated assets in key markets of Goa, Delhi, Bengaluru and Udaipur. Maintaining a strong balance sheet, IHCL Consolidated reported a gross cash of INR 4,369 crores as on September 30^th, 2026.”

He added, “In the quarter, we also announced merger of OHL with IHCL, which will simplify group holding structure, expand asset management opportunities and accelerate long term revenue growth. The Scheme has been filed with the Stock Exchanges with an Appointed Date of April 1, 2027.”

OTHER HIGHLIGHTS

PORTFOLIO GROWTH

–         IHCL signed 47 hotels in the first half of FY2027 reaching a portfolio of 670 hotels with an industry leading pipeline of 280 hotels totaling more than 32,000 rooms.-         IHCL’s H1 signings are well represented across segments from 4 Taj hotels, a Brij and an Atmantan in luxury to driving scale in the mid-scale segment with 19 signings in Ginger and Tree of Life. The other key signings included 12 under Gateway brand and 8 under the SeleQtions platform.-         With the opening of 20 hotels in H1, theoperating portfolio stood at 390 hotels. These included Taj in Frankfurt, Kruger in South Africa, Lucknow and Tadoba and increased our presence in the key lodging markets of Mumbai, Gurugram, Goa and Hyderabad across IHCL’s other brands.-         Ginger opened its 100th operating hotel, making it the first brand across hospitality segments in India to achieve this milestone.

PAATHYA | IHCL’S INDUSTRY-LEADING ESG+ FRAMEWORK

About The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World’s Strongest Luxury Hotel Brand 2026  and India’s Strongest Brand 2026  as per Brand Finance; Claridges Collection, a curated set of boutique luxury hotels merging elegance with historical charm; Brij, an experiential leisure offering; Atmantan, one of India’s leading integrated wellness destinations; SeleQtions, a named collection of hotels; Clarks, retreats set amid storied locales; Gateway, full-service hotels designed to be your gateway to exceptional destinations; Vivanta, sophisticated upscale hotels; Tree of Life, private escapes in tranquil settings and Ginger, which is revolutionising the mid-scale segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel – The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 670 hotels including 280 in the pipeline globally across 4 continents, 15 countries and over 300 locations. The Indian Hotels Company Limited (IHCL) is India’s largest hospitality company by market capitalization.

Please visit: IHCL; Taj; Claridges Collection; Brij; Atmantan; SeleQtions; Clarks; Gateway; Vivanta; Tree of Life; Ginger