Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, stated: “Q2 FY2026 marks IHCL’s fourteenth consecutive quarter of record financial performance, with revenue of INR 2,124 crores — a 12% growth over the previous year — and a strong EBITDA margin of 30.8%, reflecting an expansion of 90 basis points. The revenue performance in the first half of the year was driven by a 9% RevPAR growth, 22% growth in New Businesses, and a 21% increase in management fee income.”

He further added: “IHCL continued its accelerated growth momentum in the first half of FY2026, with 46 signings, taking the portfolio to 570 hotels. The company also opened 26 new hotels, crossing the milestone of 250+ operating hotels in India with over 25,000 rooms. Under our strategic partnership with the Clarks Group, 14 hotels have already been successfully onboarded onto IHCL’s sales and distribution network, with the remaining portfolio set to transition to IHCL’s brandscape in the coming months. In line with our strategic guidance, construction has commenced on Taj Bandstand — an iconic development set to redefine the Mumbai skyline — following receipt of necessary approvals. Backed by strong industry fundamentals, the outlook for the second half of the fiscal remains positive, supported by a rebound in corporate travel, a seasonal surge in social events, and increased activity in global conventions and trade fairs.”