The Indian Hotels Company Limited — PPTs, 04-11-2025: Investor Presentation

Here's a concise summary for retail investors:

**Business Performance:** IHCL delivered its 14th consecutive best quarter, overcoming temporary headwinds. Consolidated revenue for the quarter jumped 12% YoY to ₹2,124 Cr, with half-year revenue up 21% to ₹4,226 Cr. Profit after tax (PAT) grew 15% to ₹285 Cr for the quarter and 17% to ₹581 Cr for the half-year.

**Growth Drivers or Strategy:** The company is aggressively expanding its footprint with accelerated signings and openings, aligning with its "ACCELERATE 2030" targets. Asset-light growth, particularly through management contracts, is a key focus, significantly boosting management fee income. Strategic partnerships and scaling new businesses like Ginger are also driving momentum.

**Recent Developments:** IHCL opened its 75th operational Ginger Hotel and its 250th operational hotel (Gateway Goa, Palolem). The Chambers at The Taj Mahal Palace, Mumbai, celebrated 50 years with major renovations. Investments of ₹250+ Cr are planned for FY26 to refresh marquee assets.

**Key Financial Metrics:** Return on Average Capital Employed (RoCE) improved to 15.5%, and Return on Average Equity (RoAE) reached 17.3%. The company maintains a healthy cash balance of approximately ₹2,850 Cr.

**Management Commentary / Outlook:** Management expressed confidence in achieving double-digit revenue growth for FY26. This outlook is supported by structural tailwinds in the travel and tourism industry, an expected 18 hotel openings in the second half, the upcoming Clarks deal consolidation, and a robust wedding and MICE season ahead.