Benares Hotels reported revenue from operations of ₹3,521.55 lakh for the first quarter ended June 30, 2026, compared to ₹2,679.01 lakh in the corresponding period of the previous year. The company, a subsidiary of The Indian Hotels Company Limited (IHCL), posted a Profit After Tax (PAT) of ₹824.87 lakh for the quarter, against ₹758.15 lakh in the year-ago period. The financial performance reflects a recovery in operational metrics across the company's key properties, driven by enhanced inventory at Taj Ganges.

Dr. Anant Narain Singh, Chairman, Benares Hotels Limited, attributed the revenue growth to the enhanced inventory at Taj Ganges. He stated that the outlook for the year remains strong due to upcoming seasonal demand for the destination. The Earnings Per Share (EPS) on a basic and diluted basis stood at ₹63.45 for the quarter, compared to ₹58.32 in the prior year.

The hotel group secured the BSQA Gold certification for Taj Nadesar Palace and the Green certification for Taj Ganges, Varanasi. Additionally, Taj Ganges hosted the BRICS delegation in June 2026, underscoring its capability to manage high-profile international events.

Financial Performance

The table below summarises the key financial metrics for the quarter on a year-on-year basis:

Operational Highlights

• Inventory Expansion: Added 100 rooms at Taj Ganges, contributing to revenue growth.
• Certifications: Achieved BSQA Gold for Taj Nadesar Palace and Green certification for Taj Ganges.
• Key Events: Hosted the BRICS delegation at Taj Ganges in June 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE664D01019/48dc4307-b2b7-4437-88fb-5c23cbc96f06.pdf

Benares Hotels appointed Mr. Thomas Kunjukunju as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective July 14, 2026. The Board of Directors approved the appointment based on the recommendations of the Audit and Risk Management Committee and the Nomination & Remuneration Committee. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Kunjukunju brings over 30 years of experience in the hospitality sector, specializing in finance, treasury, and hotel operational management. He holds a Master of Business Administration (PGDBM), a Master of Commerce, and a Bachelor of Commerce degree from Kerala University. His previous roles include leadership positions at The Claridges, Taj Exotica Resort & Spa in Goa, and Taj Cochin International Airport.

The Board meeting commenced at 04:00 pm and concluded at 05:05 pm on July 14, 2026. The company stated that the term of appointment is as per the terms of employment of the company. Prior to his tenure in hospitality, Mr. Kunjukunju gained experience with Essilor and Chemline in Delhi.

Appointment Details