What was filed
The Indian Hotels Company Limited (IHCL) released its press release announcing consolidated financial results for the first quarter of FY2027, the quarter ended June 30, 2026. Management described it as the seventeenth consecutive best-ever quarter, with revenue and profit both rising year on year and EBITDA margin expanding. The figures are set out in the key-numbers panel below.
What drove the quarter
Per the filing, the growth was broad-based rather than concentrated. Managing Director & CEO Puneet Chhatwal cited 14% RevPAR growth in domestic like-for-like hotels, a 22% increase in revenue from Growth Businesses, 26% growth in management fee income, and the contribution of recent acquisitions. Within Growth Businesses — Ginger, Qmin, amã Stays & Trails and Tree of Life — Ginger's enterprise revenue rose 68% and Qmin crossed 100 outlets. On the standalone entity, IHCL pointed to renovated assets in Goa, Delhi and Bengaluru as contributors.
Portfolio expansion and pipeline
IHCL said it signed 20 hotels and opened 11 during the quarter, taking its portfolio to 645 hotels with a pipeline of 263. Openings included a Taj in Frankfurt and one at Greater Kruger, South Africa, extending the group's footprint across, per the filing, four continents and 15 countries. The company also migrated 15 hotels from the ANK Hotels and Pride Hospitality portfolios to its brandscape, and noted the Taj brand crossed 150 hotels. Management stated it maintains its guidance of double-digit revenue growth for the fiscal year.