The Indian Hotels Company Limited — PPTs, 17-07-2025: Investor Presentation

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**Financial Highlights:**

Consolidated revenue surged to ₹ 2,102 Cr, up 32%, with EBITDA at ₹ 637 Cr, up 29%. PAT grew 19% to ₹ 296 Cr. The Hotel segment reported ₹ 1,814 Cr revenue (↑14%) and ₹ 569 Cr EBITDA (↑15%), sustaining margins despite temporary disruptions like booking cancellations and flight disruptions. The balance sheet remains strong with healthy cash reserves, with Free Cash Flow at ₹ 133 Cr for the quarter.

**Strategic Initiatives & Growth Drivers:**

The company is confident of double-digit revenue growth for the year, driven by continued portfolio expansion and new hotel openings, including 30+ hotels planned for FY26. Asset-light growth is a key focus, evidenced by a 17% increase in management fees. India's world-class convention centers are expected to boost MICE business. Tata Neu integration is enhancing customer loyalty, contributing significantly to revenue growth. The company plans a capex spend of over ₹ 1,200 Cr in FY26 for new assets and renovations.

**Business Developments:**

Six new hotels commenced operations in the quarter, adding to the portfolio of 392 hotels (249 operational, 143 in pipeline). Notable openings include Taj Alibaug and hotels in Lakshadweep. Strategic expansions are underway, including new properties in Frankfurt and Navi Mumbai Airport.

**Market Position & Competitive Advantage:**

The company maintains its leadership position, marking the 13th consecutive quarter of best-ever performance. Diversified revenue streams and a strong brandscape provide resilience against headwinds. Limited future supply in key business cities (<5% CAGR FY25-FY30) across major markets bodes well for pricing power and occupancy.

**Investor Implications:**

The results showcase positive growth potential and operational resilience despite temporary market challenges. The asset-light expansion model coupled with a strong pipeline and diversified revenue streams points to sustained future growth. Investors should monitor execution on the planned capex and new openings.