Revenue increased 14% to ₹2,765.3 crore versus ₹2,425 crore a year earlier. EBITDA rose 13.5% to ₹972.7 crore from ₹856.8 crore in Q4FY25. The EBITDA margin remained flat at 35% year-on-year.
In portfolio expansion, IHCL signed 250 hotels across its brandscape through inorganic and organic growth, including the onboarding of Claridges Collection and acquisitions in Atmantan, Brij Hospitality, ANK and Pride Hospitality. The company also opened and onboarded over 130 hotels during the year, taking the total operating portfolio to 373 hotels with more than 33,000 rooms.
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The air and institutional catering business, TajSATS, reported revenue growth of 16% to ₹1,219 crore, with EBITDA margin at 24.2%. New businesses, including Ginger, Qmin, amã Stays & Trails and Tree of Life, reported enterprise revenue of ₹1,099 crore, up 37%, and consolidated revenue of ₹753 crore, up 25%.
Ginger recorded enterprise revenue of ₹814 crore, up 21%, with an EBITDAR (earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs) margin of 43%. Ginger Mumbai Airport crossed ₹100 crore in revenue with a 56% EBITDAR margin.
Qmin expanded to over 100 outlets across formats. amã Stays & Trails grew to 370 bungalows with 186 in the pipeline, while Tree of Life reached 34 resorts with 11 in the pipeline.
The company has recommended a dividend of ₹3.25 per equity share of ₹1 each, fully paid up, for the financial year, compared with ₹2.25 per share in the previous year.
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Puneet Chhatwal, Managing Director and CEO, IHCL, said, “Q4 FY2026 marks the 16th consecutive quarter of record performance with a consolidated revenue of ₹2,845 crore, a 14% growth over the previous year, EBITDA of ₹1,052 crore and an EBITDA margin of 37%, notwithstanding the impact of West Asia conflict.
“For FY2026, the company delivered on its guidance of double-digit revenue growth despite macro-headwinds with revenue of ₹9,971 crore, a growth of 16%, leading to an all-time high EBITDA of ₹3,477 crore, EBITDA margin of 34.9%, resulting in the best ever PAT of ₹2,084 crore.
“This fiscal year, we added three new brands, taking the count of our major brands to 14 and marking a record of 250 signings, reaching a portfolio of 630 hotels with an industry-leading pipeline of 255 hotels. We opened/on-boarded 130+ hotels through inorganic and sustained organic growth, expanding IHCL’s brandscape in the luxury and experiential leisure segments and scaling its footprint in the mid-scale segment.”
The dividend translates to 325% on the face value, against 225% in the corresponding previous year, and is subject to approval by shareholders at the forthcoming AGM. If approved at the AGM, the dividend will be paid within five days from the date of the meeting, after deduction of applicable tax at source.
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Ankur Dalwani, Executive Vice President and Chief Financial Officer, IHCL, said, “For FY2026, IHCL standalone reported a revenue of ₹5,640 crore, driven by RevPAR growth of 12% in Q4, clocking a strong EBITDA margin of 45.1%, an expansion of 120 basis points and a PAT of ₹2,012 crores.”
He added, “IHCL consolidated clocked a double-digit revenue growth this fiscal, reflective of a broad-based performance — led by RevPAR growth of 9% from same store hotels, 16% in airline and institutional catering, 25% in New Businesses and 22% in management fee.”
Shares of Indian Hotels Company Ltd ended at ₹663.80, down by ₹9.50, or 1.41%, on the BSE today, May 11.
