IHCL Posts Record Quarter And FY2026 Results

13 May 2026 CW Team

The Indian Hotels Company (IHCL) reported consolidated results for the fourth quarter and fiscal year to 31 March 2026. IHCL said the fourth quarter was the 16th consecutive quarter of record performance with consolidated revenue of Rs 28.45 billion, up 14 per cent year on year, and EBITDA of Rs 10.52 billion with an EBITDA margin of 37 per cent. For FY2026 the company reported consolidated revenue of Rs 99.71 billion, EBITDA of Rs 34.77 billion, an EBITDA margin of 34.9 per cent and PAT of Rs 20.84 billion. The board proposed a dividend at 25 per cent of consolidated PAT before exceptional items.

IHCL said its multi?brand strategy, a mix of asset light contracts and select investments, delivered broad based growth and operating leverage. The company noted a compound annual growth rate for FY23 to FY26 of 19 per cent for revenue, 21 per cent for EBITDA and 28 per cent for PAT before exceptional items. IHCL added three new brands this year and signed 250 hotels, building a portfolio of 630 hotels with a pipeline of 255 hotels and operating 373 hotels with over 33,000 rooms.

The standalone business reported revenue of Rs 56.40 billion for FY2026 driven by a RevPAR increase of 12 per cent in the fourth quarter, an EBITDA margin of 45.1 per cent and PAT of Rs 20.12 billion. IHCL said same store hotels delivered RevPAR growth of nine per cent and management fee income rose 22 per cent to Rs 6.85 billion. New businesses and airline and institutional catering grew strongly, the latter recording revenue of Rs 12.19 billion.

IHCL reported investments of over Rs 10.00 billion across greenfield projects, key asset renovations and digital initiatives and completed majority stake acquisitions in several hospitality businesses to strengthen future revenue streams. The company finished the year with a gross cash balance of Rs 43.45 billion and said its credit rating was upgraded to AAA+ by ICRA. IHCL also highlighted brand recognitions that reinforced its market positioning.

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