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Indian Hotels Co Ltd

Q2 FY27Leisure Services

Indian Hotels Co Q2 Results 2026 (FY27): Revenue ₹2,484 Cr, PAT ₹393 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Price₹760
Market cap₹1.1L Cr
P/E55.7
Updated21 Oct 2026
Read5 min read

Based on Indian Hotels Co Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Q2 FY27 Revenue and Growth: - Consolidated Revenue from Operations: ₹2,484 Cr, +22% YoY (Page 39) - Standalone Revenue from Operations: ₹1,336 Cr, +26% YoY (Page 40) - Hotel Segment Operating Standalone Q2 FY27 (Page 40): - EBITDA: ₹625 crore, +31% YoY - Operating EBITDA Margin: 38.9%, +4.0 percentage points YoY - Profit After Tax (PAT): ₹393 crore, +36% YoY - Consolidated Q2 FY

From Indian Hotels Co Ltd's Q2 FY27 earnings-call transcript · updated 21 Oct 2026.

Revenue & Sales Performance

  • Q2 FY27 Revenue and Growth:
  • Consolidated Revenue from Operations: ₹2,484 Cr, +22% YoY (Page 39)
  • Standalone Revenue from Operations: ₹1,336 Cr, +26% YoY (Page 40)
  • Hotel Segment Operating Revenue (Consolidated): ₹2,204 Cr, +25% YoY (Page 7)
  • Air Catering Revenue: ₹283 Cr, -1% YoY (Page 7)
  • Key Volume/Metrics:
  • Standalone RevPAR (Full Service): ₹10,850 (+28% YoY) (Page 5)
  • Occupancy improved from 75% to 82% YoY (Page 5)
  • Net Unit Growth in Managed Hotel Rooms: 125 (Q2FY26) to 156 (Q2FY27) (Page 23)
  • Explicit Outlook:
  • Upgraded full-year Consolidated Hotel Revenue growth guidance to 17-19% YoY (Page 9)

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Profitability & Margins

  • Standalone Q2 FY27 (Page 40):
  • EBITDA: ₹625 crore, +31% YoY
  • Operating EBITDA Margin: 38.9%, +4.0 percentage points YoY
  • Profit After Tax (PAT): ₹393 crore, +36% YoY
  • Consolidated Q2 FY27 (Page 39):
  • EBITDA: ₹788 crore, +21% YoY
  • Operating EBITDA Margin: 28.4%, +0.5 percentage points YoY
  • Profit After Tax (PAT): ₹349 crore, +23% YoY
  • Margin Outlook (Page 10):
  • Upgraded full-year revenue growth guidance: 15-17% YoY total revenue

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Capital Expenditure Plans

  • Strategic asset upgrades underway with completion targeted by FY28:
  • Blue Diamond, Pune: 83 keys (full upgrade & brand migration)
  • Taj Mahal, Lucknow: 96 keys (expansion)
  • Gateway, Calicut: 75 keys (full upgrade)
  • Robust pipeline of 280 hotels (34,800+ keys) with diversified brand and contract types; includes owned, managed, and capital light lease models
  • Strong opening run rate of 5,000+ keys annually; 50 hotel openings planned in FY27 (20 in H1, 30 in H2)
  • New acquisitions contributing ~₹60 crore revenue with operational and pipeline hotels, e.g., Brij Rama Palace, Varanasi and Brij Tara, Ranthambore
  • Expanding experiential hospitality footprint with 195 operational and 205 pipeline amã bungalows and Tree of Life resorts

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Top-ranked in Leisure Services

Ranked on what management guided this quarter

Guidance-ranked
1Landmark Global Learning Ltd
Rev 2Mar 1
2Jubilant Foodworks Ltd
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • The presentation reports a total pipeline of 280 hotels with 34,800 keys as of September 30, 2026 (Page 44).
  • The pipeline includes 66 owned hotels (6,650 keys) and 214 managed hotels (28,150 keys).
  • Operational inventory stands at 390 hotels with 34,213 keys (Page 43).
  • The company achieved 20 signings in H1 FY27 and plans 30 signings in H2 FY27, totaling 50 openings in FY27 (Page 16).
  • Net unit growth in managed hotel rooms increased from 125 in Q2 FY26 to 156 in Q2 FY27, indicating strong new openings momentum (Page 23).

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Indian Hotels Co Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.5K Cr, net profit ₹380 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Indian Hotels Co Ltd's management said in earlier quarters

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  • Delta Corp (Q2 FY27)

    For the quarter ended 30th September 2026, consolidated net sales/revenue from operations was ₹159.34 crores, down from ₹182.76 crores in the same quarter last…

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Frequently Asked Questions

What were Indian Hotels Co Ltd Q2 FY27 results?

Q2 FY27 Revenue and Growth: - Consolidated Revenue from Operations: ₹2,484 Cr, +22% YoY (Page 39) - Standalone Revenue from Operations: ₹1,336 Cr, +26% YoY (Page 40) - Hotel Segment Operating Standalone Q2 FY27 (Page 40): - EBITDA: ₹625 crore, +31% YoY - Operating EBITDA Margin: 38.9%, +4.0 percentage points YoY - Profit After Tax (PAT): ₹393 crore, +36% YoY - Consolidated Q2 FY

What is Indian Hotels Co Ltd share price analysis?

Indian Hotels Co Ltd currently shows a neutral. The stock trades at a P/E of 55.7 with a market cap of ₹108,181 Cr. Investors should review the full earnings analysis for detailed insights.

Is Indian Hotels Co Ltd planning capital expenditure?

Strategic asset upgrades underway with completion targeted by FY28: - Blue Diamond, Pune: 83 keys (full upgrade & brand migration) - Taj Mahal, Lucknow: 96 keys (expansion) - Gateway, Calicut: 7

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.