- IHCL Q1 FY27 revenue rises 15 percent to $250.7 million.
- Domestic hotels post 14 percent RevPAR growth
- Growth businesses revenue rises 65 percent to $36.3 million.
IHCL ended the quarter with gross cash reserves of $460 million. EBITDA came in at $78 million with a margin of 31.1 percent, a slight improvement over the previous year, the company said in a statement.
Domestic hotels posted 14 percent RevPAR growth during the quarter, while management fee income rose 26 percent to $17.4 million, Growth businesses, covering Ginger, Qmin, ama Stays &Trails and Tree of Life, grew enterprise revenue by 65 percent to $36.3 million. Ginger reported enterprise revenue of $31.2 million, up 68 percent, with an EBITDAR margin of 37 percent. Ama Stays & Trails and Tree of Life reported enterprise revenue of $1.87 million and $1.5 million, respectively, with growth of more than 55 percent.
"The company's diversified portfolio and business segments helped maintain growth despite broader economic challenges," said Puneet Chhatwal, IHCL managing director and CEO.
On the standalone business, Ankur Dalwani, IHCL executive vice president and chief financial officer said revenue came in at $134.5 million with a profit after tax of $34.9 million and an EBITDA margin of 41.8 percent. Renovated hotels in Goa, Delhi and Bengaluru added to the quarter's performance.
The company signed 20 hotels during the quarter, taking its total portfolio to 645 hotels with a pipeline of 263 properties. It also opened 11 hotels, including Taj Hessischer Hof in Frankfurt and Taj Bush Lodge in Greater Kruger National Park in South Africa. Taj crossed 150 hotels with new signings in Dharamshala, Barapani in Meghalaya and Kusur Valley in Maharashtra.
Separately, IHCL partnered with ANIIDCO and Tata STRIVE to train and certify 250 hospitality workers in the Andaman & Nicobar Islands.
