Arthneeti

Indian Hotels Co Q2 FY27 Share Price & Earnings Call Analysis

₹811.65+0.20% today
Market cap
₹1.15L Cr
P/E
59.41
ROE
14.24%
PEG
2.76
Price to sales
11.56
Debt to equity
0.22
52W high / low
₹813 / ₹571
Sales growth (5Y)
43.81%
EBITDA margin
32.96%
Net profit margin
19.19%
Promoter holding
38.12%
Sales (last year)
₹9,987 Cr

IHCL is one of India’s leading hospitality companies. IHCL and its subsidiaries comprise diversified portfolio across luxury, upscale/upper upscale and lean luxury/midscale segments. IHCL’s operations are spread across four continents, 12 countries and over 100 cities.[1]

Guidance scorecard · Q2 FY27 call

What Indian Hotels Co Ltd's management guided
and where it ranks in Leisure Services

Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ4 FY26 call

10–20%
  • IHCL expects double-digit overall revenue growth of 12% to 14% in FY '27.
  • New businesses (60 hotel openings) and not-like-for-like growth are expected to contribute 4% to 5% of this growth.
  • Like-for-like growth of around 7% to 8% is anticipated, driven primarily by rate (ARR) increases rather than occupancy growth.
  • RevPAR growth guidance for FY '27 is 7% to 8%, factoring in inflation and the ability to pass on costs despite geopolitical uncertainties.
  • Domestic market demand is expected to outpace international demand, supporting revenue growth.
  • Roots and Ginger segment grew to INR709 crores with a strong, high EBITDA margin.

2 more points from Indian Hotels Co Ltd's call on revenue

Create a free account to keep reading this call

Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what Indian Hotels Co Ltd said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • Over the last 3 years, invested over INR2,500 crores in capital expenditure to strengthen iconic assets and strategic capabilities.
  • Plans to continue investing INR1,000 crores to INR1,200 crores annually to maintain and build competitive advantages.
  • Deployed over INR500 crores across four strategic acquisitions to expand into high-growth adjacencies and enhance future revenue streams.

2 more points from Indian Hotels Co Ltd's call on capex

Create a free account to keep reading this call

Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what Indian Hotels Co Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising
  • The Indian Hotels Company Limited has a strong pipeline with over 31,000 keys under development, continuing to be largely capital-light.
  • For FY '27, the company expects to open 60+ new hotels across brands and geographies.
  • The Ginger brand aims to have a portfolio of 250 hotels under development or in operation by end of FY '27.
  • Partnerships and platform agreements are in progress that could add approximately 300-400 keys, supplementing organic growth.

2 more points from Indian Hotels Co Ltd's call on the order book

Create a free account to keep reading this call

Full Q4 FY26 analysis
Full Leisure Services ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Leisure Services
on management's own guidance

  1. Jubilant Foodworks LtdGood growth
    2
  2. Landmark Global Learning LtdGood growth
    1
  3. Le Travenues Technology LtdGood growth
    3
See all potential multibaggersWhere does Indian Hotels Co Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Leisure Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Landmark Global Learning Ltd20–40%Up 2%+₹21 Cr—
2Jubilant Foodworks Ltd20–40%Flat₹27,579 Cr72.4
3Le Travenues Technology Ltd20–40%Flat₹6,423 Cr54.1
420–40%Flat₹6,285 Cr2553.3
520–40%Flat₹4,827 Cr20.4
620–40%Flat₹2,741 Cr215.1

Sign up free to see every company in the sector ranking and track Indian Hotels Co Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Leisure Services ranking

Financials of Indian Hotels Co Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Indian Hotels Co Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%38.12%
FIIs +23.28%24.47%27.19%27.44%27.78%26.96%27.18%26.14%25.09%23.23%21.71%22.12%
DIIs +22.19%20.65%18.29%18.67%18.44%19.05%18.39%19.40%20.66%22.58%24.47%24.46%
Government +0.14%0.14%0.14%0.14%0.14%0.14%0.13%0.13%0.13%0.13%0.13%0.00%
Public +16.27%16.63%16.26%15.65%15.54%15.74%16.18%16.20%16.00%15.95%15.59%15.31%
No. of Shareholders4,85,6095,35,2535,56,0195,48,1885,71,5675,96,3836,17,4896,23,9696,33,3616,46,1476,38,6456,24,250

Financials of Indian Hotels Co Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,4331,9641,9051,5501,8262,5332,4252,0412,0412,8422,7652,3392,484
Expenses +1,0781,2311,2461,1011,3251,5711,5681,4651,4711,7661,7931,6661,779
Operating Profit3557326604505019628575765701,076973673706
OPM %25%37%35%29%27%38%35%28%28%38%35%29%28%
Other Income +4840464637159596183334798078
Interest59535250525254555656555765
Depreciation111114120117125134142143145150167163174
Profit before tax2326055353286968347204404531,203830533545
Tax %31%28%26%29%18%26%25%27%30%22%25%27%30%
Net Profit +179477438260583633563329318954645391380
EPS in Rs1.183.182.931.753.904.093.672.082.006.354.212.512.46

Financials of Indian Hotels Co Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4,1894,0234,0214,1044,5124,4631,5753,0565,8106,7698,3359,68910,431
Expenses +3,7623,4113,4113,4323,6823,4961,9372,6514,0054,6095,5656,4937,004
Operating Profit427612610671830968-3624051,8052,1602,7693,1963,427
OPM %10%15%15%16%18%22%-23%13%31%32%33%33%33%
Other Income +-193-43448390173325171142181535557571
Interest176376324269190341403428236220208221233
Depreciation291285299301328404410406416454518605654
Profit before tax-232-9131184402396-850-2581,2951,6662,5782,9263,111
Tax %49%99%372%66%39%11%-18%-14%25%28%24%25%
Net Profit +-347-203-46104296364-796-2651,0531,3302,0382,2472,370
EPS in Rs-3.51-1.75-0.480.762.172.68-5.45-1.747.068.8513.4014.6415.53
Dividend Payout %0%-13%-55%47%21%17%-7%-23%14%20%17%22%

Financials of Indian Hotels Co Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital819999119119119119142142142142142142
Reserves2,1462,4812,4194,0624,2294,2383,5306,9207,8409,31411,01812,91013,498
Borrowings +5,0744,5263,3832,4272,3264,5015,5183,8883,1392,7363,0842,8373,471
Other Liabilities +2,5822,6912,6982,7062,8402,5842,2682,0522,3912,5413,3714,3324,784
Total Liabilities9,8849,7978,5999,3149,51411,44211,43513,00213,51214,73317,61620,22121,895
Fixed Assets +6,2996,7625,8156,1636,4228,0598,4388,4158,8199,31110,91812,21013,270
CWIP306290223197116244165194332256633787673
Investments1,5871,5151,2441,5111,3351,4271,4831,9671,8912,2612,2793,6063,746
Other Assets +1,6921,2311,3171,4431,6411,7121,3492,4262,4702,9053,7863,6174,206
Total Assets9,8849,7978,5999,3149,51411,44211,43513,00213,51214,73317,61620,22121,895

Financials of Indian Hotels Co Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +495619535492711823-3196721,6191,9352,1942,471
Cash from Investing Activity +-726341848-521-387-497-118-1,641-138-1,208-1,869-1,346
Cash from Financing Activity +491-1,196-1,38196-343-2652801,659-1,528-985-547-976
Net Cash Flow260-237167-1962-157689-47-257-222149
Free Cash Flow184253954-13251511-5063871,1911,3021,1331,444
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit121%116%102%95%110%106%95%152%104%104%100%98%

Financials of Indian Hotels Co Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days262225292624513028262827
Inventory Days85808183739223614384826457
Days Payable273286294330294383807550368364273276
Cash Conversion Cycle-162-184-189-217-195-268-520-376-256-257-180-191
Working Capital Days-66-166-114-69-112-99-555-165-84-61-40-37
ROCE %4%5%5%6%8%7%-6%1%13%15%17%17%

Guidance history

How Indian Hotels Co Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned—Rising
Q2 FY26 call →10–20%FlatPlannedNone plannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

76out of 100

Momentum score · price trend

76 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+8.3%68%
Last 6 months+27.6%80%
Last 3 months+9.9%81%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Indian Hotels Co Ltd: 0.4 × 68 + 0.4 × 80 + 0.2 × 81 = 76.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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

Others in Leisure Services this season

  • Restaurant Brands Asia Ltd (Q2 FY27)

    Consolidated Revenue Q2 FY27: INR 8,448 Mn, up 20.1% YoY from INR 7,034 Mn in Q2 FY26 (Page 24) . Key investor presentation takeaways from Restaurant Brands Asi

  • Saj Hotels Ltd (Q2 FY27)

    The provided document does not contain any explicit revenue, sales, or volume figures for the quarter or year-on-year changes. Key results statement takeaways f

  • Brigade Hotel Ventures Ltd (Q2 FY27)

    Total Income for Q2 FY27 was ₹142 Cr, up 10% YoY. Key investor presentation takeaways from Brigade Hotel Ventures Ltd's Q2 FY27 investor presentation — and how

  • ITC Hotels (Q2 FY27)

    Consolidated Revenue from Operations for Q2 FY27: ₹1,054 crore, up 26% YoY (Page 2) . Key investor presentation takeaways from ITC Hotels's Q2 FY27 investor pre

Compare:vs Indian Railway Catering & Tourism Corporation Ltdvs ITC Hotelsvs Jubilant Foodworks Ltd