Press Release on the Financial Results for the period / year ended March 31, 2026.
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Benares Hotels Limited (BHL), a subsidiary of IHCL, reported Q4 FY2026 revenue of INR 49.9 crores with EBITDA of INR 23.2 crores (46% margin) and PAT of INR 15.3 crores. For the full year FY2026, the company achieved revenue of INR 145 crores with a strong EBITDA margin of 45% and PAT of INR 43.2 crores, driven by sustained demand. In Q4, the company expanded Taj Ganges, Varanasi by adding 100 rooms (total inventory now 230) along with a new Anglo-Indian bar. Taj Ganges retained its Earth Check Platinum Certification and Taj Nadesar Palace earned a Michelin Key recognition in 2025. No forward-looking guidance or multi-year targets were provided in this filing.
Strong operational and financial performance with margin expansion signals healthy execution, though the absence of any forward guidance limits market signals for investors expecting strategic direction.