Tata Group-owned Indian Hotels Company Ltd reported a 19.35% rise in consolidated net profit to ₹379.85 crore in the September quarter and raised its FY27 revenue growth guidance to 15-17%, supported by strong domestic demand and new hotel openings.
New Delhi/Mumbai, October 22 — Indian Hotels Company Ltd (IHCL), part of the Tata Group, reported a 19.35% year-on-year rise in consolidated net profit to ₹379.85 crore for the September quarter.
The hospitality company had posted a net profit of ₹318.26 crore in the corresponding quarter last year.
Revenue from operations increased to ₹2,484.32 crore, compared with ₹2,040.89 crore a year earlier.
At the same time, total expenses rose to ₹2,017.41 crore from ₹1,671.54 crore.
IHCL Managing Director and CEO Puneet Chhatwal said the quarter marked the company’s 18th consecutive record quarter.
He attributed the performance to a 25% rise in RevPAR from domestic same-store hotels, a 25% increase in management fee income supported by new hotel openings, and 25% revenue growth in the select-service business.
Recent acquisitions such as Brij and Atmantan also contributed to growth.
IHCL continued to expand aggressively during the first half of FY27.
The company signed 47 hotels during the period, taking its overall portfolio to 670 hotels.
Chhatwal said IHCL is now positioned to achieve its Accelerate 2030 target of 700 hotels ahead of schedule.
Following the strong first-half performance, the company raised its consolidated revenue growth guidance for FY27 from 12-14% earlier to 15-17%.
Hotel-segment revenue is now expected to grow 17-19%, supported by seasonally stronger quarters, high demand from social events and MICE activities, and growth from newer properties.
Chhatwal said October performance had been particularly strong and indicated that growth could exceed current expectations if demand remains healthy in November and January.
The company expects domestic hospitality growth of more than 20%.
Internationally, IHCL said occupancy has almost recovered at two of its three Dubai hotels, while The Palm remains at around 70% of its pre-crisis level.
Performance in London and Cape Town has been strong, while New York remains stable and San Francisco is showing signs of recovery.
IHCL has also opened its first Taj Bush Lodge in Kruger National Park, with two more lodges expected to become operational within the next few months.
One relatively weaker area has been TajSATS, which was affected by disruptions in air travel and flight cancellations, particularly involving Air India.
However, management said the business is beginning to recover.
