The Indian Hotels Company Limited — Investor Meet, 12-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IHCL has announced a board meeting to discuss the financial results for the quarter and half-year.

IHCL reported consolidated revenue of INR 8,565 Cr (+23% YoY) with a 35% EBITDA margin and normalized PAT at INR 1,603 Cr (+27%). Q4 hotel revenue grew 13% with 38.5% margins; RevPAR rose 16% QoQ and 12% YoY. Expansion continued with 74 signings and 26 openings, focusing on capital-light models. New brands Ginger and Ama Stays grew 40%, generating INR 602 Cr revenue at 37% margin. Tata Neu loyalty members crossed 10 million, boosting direct bookings by 43%. Management expects double-digit revenue growth in FY '26, plans 30+ hotel openings, and maintains liquidity of INR 3,000 Cr.

Key points from analyst Q&A include focus on tier-2/3 cities, CAPEX of ~INR 1,200 Cr mostly for renovations/digitization, recovery in international markets, ARR-driven revenue growth, and ongoing cost efficiencies. Sentiment is confident with emphasis on profitable, sustainable growth and capital discipline.