The Indian Hotels Company Ltd. (IHCL) reported a 51% year-on-year increase in consolidated net profit at ₹954 crore for the December quarter, driven by strong same-store performance, growth in airline and institutional catering, and a 31% rise in new businesses.
Revenue from operations grew 12% to ₹2,841 crore. The hotel segment contributed ₹2,523 crore, while the Air and Institutional Catering business accounted for ₹321 crore and new businesses ₹215 crore.
The quarterly profit includes a ₹327 crore gain from the sale of its entire equity stake in a joint venture company and a ₹37 crore impact arising from the implementation of the New Labour Codes.
Managing Director and CEO Puneet Chhatwal said IHCL sustained its growth momentum in FY26 with 239 signings, taking its portfolio to 617 hotels. During the period, the company opened and onboarded 120 hotels, supported by strategic partnerships and acquisitions.
Under its ‘Accelerate 2030’ strategy, IHCL expanded its brand portfolio by acquiring a controlling stake in Atmantan, entering into definitive agreements to acquire a 51% stake in Brij, and scaling the Ginger brand through a 51% acquisition in ANK & Pride Hospitality.
IHCL continues to maintain a healthy balance sheet, with a gross cash balance of ₹3,877 crore as of December 2025, he said, adding that the company is well positioned to deliver sustained performance through a diversified revenue mix across brands, geographies and contract formats.
Executive Vice President and CFO Ankur Dalwani said that during the nine months ended December 2025, IHCL generated about ₹1,600 crore in cash and incurred capital expenditure of ₹750 crore. Investments were directed towards greenfield projects at Ekta Nagar and Taj Frankfurt, brownfield expansion at Taj Ganges, Varanasi, and the upcoming Taj Bandstand project, along with renovations at key properties including Taj Palace, New Delhi; Taj Fort Aguada, Goa; President, Mumbai; and St James’ Court, London.