The Indian Hotels Company Limited (IHCL) delivered exceptional performance in Q3 FY26, marking its fifteenth consecutive record quarter with strong financial metrics and continued expansion across its hospitality portfolio.

Financial Performance Highlights

IHCL reported robust consolidated financial results for Q3 FY26, demonstrating sustained growth momentum across key metrics.

For the nine months ended December 31, 2025, the company maintained strong performance with revenue of ₹7,127 crores (up 17% YoY), EBITDA of ₹2,425 crores (up 16% YoY) with a margin of 34.0%, and PAT of ₹1,485 crores (up 7% YoY).

Business Segment Performance

The hotel segment delivered outstanding results with revenue of ₹2,579 crores, achieving the best ever quarterly EBITDA of ₹1,050 crores. Consolidated same store hotels delivered a 9% RevPAR growth, while management fee income grew by 15% to ₹203 crores.

The TajSATS segment achieved an EBITDA margin of 26%, while Ginger reported enterprise revenue of ₹232 crores with a strong EBITDAR margin of 47%.

Portfolio Expansion and Strategic Growth

IHCL continued its aggressive expansion strategy, reaching a portfolio of 617 hotels with an industry-leading pipeline of 256 hotels. During the year to date, the company signed 239 hotels across its brandscape and opened 120 hotels, taking operational hotels to 361 with over 32,000 rooms.

Key strategic initiatives included:

• Acquisition of controlling stake in Atmantan, an integrated wellness brand
• Definitive agreements to acquire 51% stake in Brij, a boutique experiential leisure offering
• 51% acquisition in ANK & Pride Hospitality to scale the Ginger brand
• Strategic partnerships with Clarks Group, Madison, Rajdarbar Group, Ambuja Neotia

Capital Structure and Diversification

IHCL maintained a highly diversified business model with 68% of its operational portfolio being capital light, comprising 32,300 keys. The pipeline shows even stronger capital efficiency with 94% capital light structure across 30,200 keys.

The company maintained a healthy balance sheet with gross cash balance of ₹3,877 crores as of December 31, 2025. During the nine months, IHCL generated cash of approximately ₹1,600 crores and undertook capital expenditure of ₹750 crores for various projects including Taj Frankfurt, Taj Ganges Varanasi expansion, and Taj Bandstand project.

Standalone Performance and Outlook

IHCL Standalone reported revenue of ₹1,654 crores for Q3 FY26, achieving a strong EBITDA margin of 48.2% with an expansion of 40 basis points and PAT of ₹921 crores post exceptional items. The exceptional items included profit on sale of entire equity stake in a joint venture company of ₹327 crores (net of tax) and impact of New Labour Codes of ₹37 crores (net of tax).

Indian Hotels Company Limited (IHCL) has announced its global conference call to discuss Q3 FY2025-26 financial results with analysts and institutional investors. The announcement was made on February 9, 2026, through a formal communication to BSE Limited and National Stock Exchange of India Limited.

Conference Call Details

The earnings call is scheduled for Thursday, February 12, 2026, at 7:00 PM IST. The company has indicated that the presentation materials will be uploaded on its website in due course. The announcement was signed by Beejal Desai, Executive Vice President - Corporate Affairs & Company Secretary (Group).

Regulatory Compliance

The conference call announcement has been made in accordance with Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and timely disclosure of material information to stakeholders and the investment community.

Participation Access

IHCL has provided comprehensive dial-in facilities for participants across multiple international locations. The company has arranged web registration through Chorus Call services, with dedicated phone numbers for various countries including India, USA, UK, Singapore, Japan, and several European nations.

The conference call represents IHCL's commitment to maintaining regular communication with the investment community and providing timely updates on its financial performance during the third quarter of fiscal year 2025-26.