IHCL Hits 12 Quarters of Record Growth with ₹14,836 Cr in Enterprise Revenue
With a twelfth consecutive quarter of outperformance, The Indian Hotels Company Limited (IHCL) has delivered a landmark FY25—marked by sustained profitability, bold portfolio expansion, and visionary leadership in ESG. From crossing ₹8,500 Cr in revenue to unlocking new value across its alternative businesses, IHCL’s results are more than numbers—they’re a declaration of enduring strength and future-ready ambition.
By SOH Edit Team
The Indian Hotels Company Limited (IHCL), India’s largest hospitality player by market capitalisation, has posted its twelfth consecutive quarter of record-breaking performance, rounding off FY 2024–25 with a robust financial and strategic report card that underscores its commanding position in the sector.
From surging profitability and portfolio expansion to its commitment to transformation and ESG leadership, IHCL’s results signal a confident stride into FY26.
FY25 at a Glance: Doubling Down on Growth
Q4 Performance:
- Revenue at ₹2,487 Cr, up 27%
- EBITDA at ₹918 Cr, up 30%
- EBITDA Margin at 36.9%, up 0.8pp
- PAT* at ₹522 Cr, up 25%
FY25 Performance:
- Revenue at ₹8,565 Cr, up 23%
- EBITDA at ₹3,000 Cr, up 28%
- EBITDA Margin at 35.0%, up 1.4pp
- PAT* at ₹1,908 Cr, up 52%
*Before exceptional items: Q4 – ₹525 Cr; FY – ₹1,603 Cr
Puneet Chhatwal, Managing Director & CEO, IHCL
Enterprise Strength Across Segments
- Domestic same-store hotels delivered 12% RevPAR growth, with IHCL outperforming the industry by 73% at an enterprise level.
- International portfolio registered 73% occupancy, up 440bps YoY, with a 7% RevPAR increase.
- Management fees saw a 20% rise, totalling ₹562 Cr, driven by “not like for like” growth.
New Business, Reimagined Future
IHCL’s alternate verticals are gaining formidable traction:
- TajSATS clocked ₹1,051 Cr in revenue (+17%) with a 25.2% EBITDA margin.
- New Businesses (Ginger, Qmin, amã Stays & Trails, Tree of Life) collectively brought in:
Brand Highlights:
- Ginger: ₹675 Cr in revenue, 103 hotels (43% EBITDAR)
- Qmin: 72 outlets across India
- amã Stays & Trails: 301 bungalows (132 operational)
- Tree of Life: 20 resorts (18 operational)
Q4 marks twelve consecutive quarters of record performance with consolidated hotel segment revenue reporting a strong growth of 13%, resulting in an EBITDA margin of 38.5%,”. “Enterprise revenue for the full year stood at INR 14,836 crores, 1.6x of consolidated revenue, in line with our strategy of a balanced capital-light and capital-heavy portfolio. IHCL set a new benchmark with 74 signings and 26 openings this fiscal, and over 95% of these signings were capital light.
Puneet Chhatwal
Managing Director & CEO, IHCL
Financial Finesse & Strategic Outlook
Looking ahead, IHCL will invest over ₹1,200 Cr in FY26 towards asset upgrades, greenfield projects and technology—particularly within its flagship Taj brand and digital systems. The company also anticipates opening 30 new hotels in FY26.
ESG | Paathya in Progress
IHCL’s sustainability strategy, Paathya, continues to position the company as an ESG+ leader, with integrated social and environmental benchmarks defining its long-term value creation.
The Broader Picture
Founded by Jamsetji Tata and now spanning 381 hotels across four continents and 150+ locations, IHCL is not just India’s most iconic hospitality group—it’s increasingly the blueprint for global Indian luxury and resilience in the travel sector.
As FY2026 begins, few players can match IHCL’s scale, discipline, or performance legacy.