The Indian Hotels Company Limited (500850) Earnings Call Transcripts

The Indian Hotels Company Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '25-'26, The Indian Hotels Company Limited (IHCL) reported consolidated revenue of INR 2,845 crores, a 14% year-on-year increase, and EBITDA of INR 1,052 crores, reflecting a 15% growth. The company achieved a consolidated profit after tax (PAT) of INR 600 crores, also up 14% YoY. For the fiscal year, total revenue reached INR 9,971 crores, marking a 16% increase, with EBITDA at INR 3,477 crores and PAT exceeding INR 2,000 crores for the first time. Management maintained a positive outlook for FY '27, projecting double-digit revenue growth and signaling confidence in achieving 60+ hotel openings across various brands and geographies.

Reported metrics

Guidance from management

For FY '27, management expects double-digit revenue growth, projecting 60+ hotel openings and incremental revenue contributions from recent acquisitions exceeding INR 250 crores.

What management said

Sumant, just help me clarify. You mean because of the West Asian crisis or you mean because of the comments made by some leadership or by the Prime Minister, or I can't follow because we are having business as usual. Dubai is down, Maldives is down, London is okay and domestic is very strong. So it's a very simple answer.

Good question, Shaleen. I think half of it you answered Mumbai, the base is very high. So it's difficult to get to 15% growth, but Goa, we have seen almost in the month of April north of 25% growth in all of our hotels. Some have gone to 30% and beyond. So averaging at 25%. Goa is definitely back since the last few months, March and April. And the trend is not changing. Kerala could improve and Chennai could also im...

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions on international travel and revenue, specifically noting a potential slowdown in corporate travel and its effects on overall demand. There were also questions about the sustainability of domestic tourism growth in light of these challenges.

Main topics on the call

• Sustained Revenue Growth — IHCL achieved a consolidated revenue growth of 14% YoY in Q4, totaling INR 2,845 crores. Management emphasized that this marks the 16th consecutive quarter of record performance, stating, "We have continued our record pe...
• Strong EBITDA Margins — The company reported an EBITDA margin of 37% for Q4, with a YoY increase in EBITDA of 15% to INR 1,052 crores. Management noted, "Even as we invested meaningfully for future growth, we delivered EBITDA margin of 35%, ref...
• Record PAT Achievement — For the fiscal year, IHCL's PAT crossed INR 2,000 crores for the first time, growing 14% YoY. The CEO highlighted, "For the first time ever, we crossed a milestone of INR 2,000-plus crores in profit after tax."
• Future Growth Initiatives — Management signaled confidence in future growth, projecting 60+ hotel openings in FY '27 and expecting new acquisitions to contribute over INR 250 crores in incremental revenue. They stated, "We expect the Ginger brand i...

Read the full The Indian Hotels Company Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 The Indian Hotels Company Limited earnings call transcripts on record, spanning June 11, 2020 to July 21, 2026. Based on this history, The Indian Hotels Company Limited reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

500850

Exchange

BSE

Country

IN

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

27

First call

June 11, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly