IHCL Q1 profit rises 21% to ₹358 crore; 14 hotel openings planned for Q2

Taj Hotels parent IHCL reported 15% revenue growth to ₹2,419 crore and an 18% rise in EBITDA to ₹753 crore. The company signed 20 properties and opened 11 hotels in Q1, while targeting more than 60 openings in FY27.

— Source publishedTue, 21 Jul, 2026, 19:31 IST·First seen Tue, 21 Jul, 2026, 19:44 IST·Source The Hindu BusinessLine

What happened

Indian Hotels Company Limited (IHCL) · IHCL reported 21% YoY quarterly profit growth to ₹358 crore, supported by resilient domestic hotel demand and room

Key facts

  • Consolidated net profit rose 21% YoY to ₹358 crore from ₹296 crore
  • Revenue rose 15% to ₹2,419 crore
  • EBITDA grew 18% to ₹753 crore
  • Air catering represents about 13% of revenue and grew 3%
  • Core hotel revenue grew 17%
  • More than 300 rooms upgraded
  • 20 properties signed and 11 hotels opened in Q1
  • 14 hotels planned for Q2
  • More than 60 hotels targeted for opening in FY27

Why this matters

With 20 properties signed in Q1 and more than 60 openings targeted in FY27, IHCL is rapidly building scale through a deal pipeline that strengthens its network and brand reach.

What to watch

  • Quarterly RevPAR growth, split between occupancy and ADR.
  • EBITDA margin versus the 18% reported EBITDA-growth pace.
  • On-time completion and opening of the 14 planned Q2 hotels.
  • Net room additions, signings-to-openings conversion rate and mix of managed versus owned/leased properties.
  • Corporate travel, wedding, MICE and inbound-tourism demand trends.
  • Labor, food, utilities and other operating-cost inflation.
  • Competitive room supply additions in major metro and leisure destinations.
  • Prioritize timely opening and ramp-up of the 14 Q2 hotels, with emphasis on occupancy stabilization rather than discounting.
  • Use Taj and luxury brands to protect ADR in high-demand urban, resort and MICE markets.
  • Convert signed properties into openings faster, particularly through management contracts and conversions that limit capital intensity.
  • Cross-sell loyalty, food-and-beverage, events and destination experiences to lift spend per occupied room.
  • Maintain discipline on labor, energy and pre-opening costs as the hotel base expands.