Indian Hotels Co. Ltd.revenue +22%, margin 28.4%, FY27 growth guide up

The Indian Hotels Company's Q2 FY27 call, held on 21 October 2026, reported consolidated operating revenue of ₹2,484 crore, up 22%, operating EBITDA of ₹706 crore, up 24% at a margin of 28.4%, and profit of ₹349 crore, up 23%.

Occupancy rose to 82% from 75% and standalone RevPAR grew 28%, helped by MICE events such as the BRICS Summit. Management raised its FY27 revenue growth guidance to 15% to 17% from 12% to 14%, with the hotel segment at 17% to 19%. The portfolio reached 670 hotels, 94% of the pipeline is capital-light, management fees rose 25% to ₹156 crore, and the 700-hotel target will be reset by mid-November. The air catering arm TajSATS was weaker and international assets are recovering.

An all-stock merger of Oriental Hotels is set for April 2027 and is outside the guidance. Of 14 earlier promises, 2 were beaten, 3 met, 3 are on track, 1 is partly met, 1 cannot be checked yet and 4 were not mentioned.