The Indian Hotels Company Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for FY 2024-25'.
INDHOTEL · price
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IHCL (Tata Group's hospitality arm) has submitted its BRSR for FY 2024-25 to the stock exchanges, as mandated under SEBI's Listing Regulations. The report covers 28 hotels on a standalone basis and has been assured with 'reasonable assurance' by KPMG Assurance and Consulting Services LLP. The company reported a turnover of ₹4,916.54 crore and net worth of ₹11,255.92 crore, with 100% of revenue coming from accommodation (45.53%), food & beverage (33.57%), and other services (20.90%). IHCL has 2,801 permanent employees (27% female) and 5,047 workers, with women making up 16.67% of its 6-member board. The company has set 2030 ESG targets under its 'Paathya' framework, including 50% renewable energy use, 100% EarthCheck certification, 25% women on the board, and 100% wastewater recycling, with 27 hotels already EarthCheck certified (18 at Platinum level). Some small regulatory penalties were disclosed, including a ₹5 lakh penalty from Maharashtra Pollution Control Board and minor GST/VAT penalties across different properties.
This is a routine annual regulatory disclosure with no direct impact on stock price or shareholder returns. The strong ESG metrics and progress on sustainability targets may support IHCL's appeal to ESG-focused institutional investors, while the disclosed penalties are minor and unlikely to affect operations.