The Indian Hotels Company Limited has informed the Exchange about Investor Presentation
INDHOTEL · price
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IHCL posted strong Q1FY26 numbers with consolidated revenue of ₹2,102 Cr (up 32% YoY) and EBITDA of ₹637 Cr (up 29%), though consolidated EBITDA margin dipped 0.7 percentage points to 30.3%. The hotel segment held up better, with revenue up 14% to ₹1,814 Cr and segment EBITDA margin actually expanding slightly to 31.4%, despite headwinds from Operation Sindoor cancellations, flight disruptions and geopolitical tensions that cost an estimated 2–2.5% of revenue growth. PAT grew 19% to ₹296 Cr. Management reiterated confidence in double-digit revenue growth for FY26, backed by a portfolio of 392 hotels (249 operational + 143 in pipeline), 12 new signings and 6 openings in the quarter. Air catering arm TajSATS grew 21% in revenue but margins compressed 200–300 bps due to a change in airport levy accounting.
Broadly positive for shareholders — hotel segment margins were resilient despite multiple one-off disruptions and the ₹11 Cr payroll preponement impact is expected to normalize through the year. The visible pipeline, tight supply in key business cities (<5% CAGR FY25–FY30) and FY26 capex of ₹1,200+ Cr support the double-digit growth guidance, though near-term margin pressure at the consolidated level may temper sentiment.