Hotel occupancy and room rates decline across cities amid Indo-Pak tensions, early monsoon and air crash; outlook for September quarter remains optimistic
Indian Hotels Company (IHCL) has entered into an agreement with Ambuja Neotia Group to establish 15 new hotels across multiple states, set to be completed over the next three to seven years.
Travel rebound and fresh keys steady the quarter; weddings and lean supply keep growth checked in
Demand for luxury hotels will continue in India, with strong demand from domestic leisure travel and higher demand from improving foreign tourist arrivals
Indian Hotels share rose after the company delivered a robust performance in Q1FY26, reporting a 32% Y-o-Y jump in consolidated revenue to ₹2,102 crore, compared to ₹1,596 crore in Q1FY25.
Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed.
The acquisition was made at an issue price of ₹5,000 per share, the company said in a BSE filing
At IHCL's AGM, chairman N Chandrasekaran says all brands are growing, led by Ginger; EBITDA margin at 35 per cent and goal set to double revenue by 2030
Lemon Tree and Indian Hotels are top stocks in the hospitality sector for Motilal Oswal, as they are expected to continue their strength in the current financial year