Indian Hotels Co
Indian Hotels Co Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
IHCL expects double-digit revenue growth in FY '26 and beyond, driven by strong domestic demand and recovery in foreign arrivals. IHCL expects strong, robust growth with double-digit revenue expansion for FY 2026 and beyond.
From Indian Hotels Co's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- IHCL expects double-digit revenue growth in FY '26 and beyond, driven by strong domestic demand and recovery in foreign arrivals.
- April 2025 revenue grew approximately 17% year-over-year, indicating strong start to FY '26.
- The company targets opening 30+ hotels in FY '26, including 3 on its balance sheet, supporting portfolio growth.
- Over FY '25 to FY '30, IHCL aims for a roughly 10-12% CAGR in revenue, with some front-loaded growth seen in recent years.
- Growth drivers include ARR (Average Room Rate) expansion, new market entries with limited supply, and adding significant room inventory.
- New business verticals (Ginger, Qmin, Ama Stays) are growing around 40% annually, contributing to consolidated revenue.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Indian Hotels Co said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- IHCL spent approximately INR 1,100 crores on CAPEX in FY '25, split evenly between greenfield projects and renovations/digital initiatives.
- For FY '26, CAPEX guidance is INR 1,200+ crores, with 60-65% allocated to renovations and digital investments, and the remainder towards greenfield assets.
- Key renovation projects include Taj Palace (Delhi), Fort Aguada (Goa), St. James (UK), and Taj Kolkata/Bengal.
- Significant greenfield openings planned, such as Ekta Nagar Vivanta and Ginger, expected to deliver quick payback (4-7 years).
- Taj Bandstand project: construction expected to start late in FY '26, fully owned on IHCL’s consolidated balance sheet.
2 more points management made on capital expenditure plans
Top-ranked in Leisure Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Indian Hotels Co said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The Indian Hotels Company Limited (IHCL) has a signed pipeline of approximately 3,000 to 3,500 keys expected to open in the next 2 years ('26 and '27).
- This pipeline figure does not include possible conversions or acquisitions, such as recently opened properties in Bangaram (112 rooms) that did not appear in the initial pipeline.
- Pipeline updates are provided quarterly with estimates based on current approvals and partner commitments.
- IHCL aims to open 30+ hotels in FY '26, including 3 on their balance sheet.
2 more points management made on order book & pipeline
Indian Hotels Co — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.8K Cr, net profit ₹645 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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Frequently Asked Questions
What were Indian Hotels Co Q4 FY25 results?
IHCL expects double-digit revenue growth in FY '26 and beyond, driven by strong domestic demand and recovery in foreign arrivals. IHCL expects strong, robust growth with double-digit revenue expansion for FY 2026 and beyond.
What is Indian Hotels Co share price analysis?
Indian Hotels Co currently shows a neutral. The stock trades at a P/E of 52.7 with a market cap of ₹102,487 Cr. Investors should review the full earnings analysis for detailed insights.
Is Indian Hotels Co planning capital expenditure?
IHCL spent approximately INR 1,100 crores on CAPEX in FY '25, split evenly between greenfield projects and renovations/digital initiatives. - For FY '26, CAPEX guidance is INR 1,200+ crores, with 60-65% allocated to renovations and digital investments, and the remainder towards greenfield assets. - Key renovation projects include Taj Palace (Delhi), Fort Aguada (Goa), St.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.