Indian Hotels Co. Ltd.17th Record Quarter, Revenue +15%, PAT +21%

Indian Hotels Company reported its 17th consecutive record quarter in Q1 FY27, with consolidated revenue up 15% to ₹2,419 Cr, EBITDA up 18% to ₹753 Cr at a 31.1% margin and PAT up 21% to ₹358 Cr.

Hotel segment revenue grew 17% and domestic RevPAR 14%, led by leisure markets, with Rajasthan and Goa up 27% to 29% as demand shifted from overseas travel after the West Asia conflict. Standalone EBITDA margin reached 41.8%. International hotels and air catering were softer, with Dubai leisure hotels below half of earlier revenue and flight catering hit by airline capacity cuts. Management fee income rose 26% to ₹168 Cr, the portfolio stands at 645 hotels and is about to cross 650, and gross cash is above ₹4,400 Cr.

Management held its double-digit growth guidance and said July is trending ahead of Q1. Frankfurt should add from September, ANK and Pride conversions to Ginger are scheduled to rise each quarter, and only 40 contract amendments are signed so far against a preference of 50 or 60.