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Earnings Call Transcript

Indian Hotels Company Earnings Call Transcript: Key Takeaways

IHCL reports its 17th consecutive record-breaking quarter, maintaining high double-digit growth and 30%+ EBITDA margins despite geopolitical disruptions affecting international flight routes.

Guidance and delivery
Management target Revenue 10.0% FY27
Highlights
Revenue growth15% YoY growth to ₹2,419 Cr; 17th record quarter.
MarginsConsolidated EBITDA margin 31.1%; standalone margins expanded to 41.8%.
Order bookPipeline of 265 hotels; portfolio approaching 650 hotels total.
Demand visibilityStrong domestic leisure demand; Rajasthan/Goa growing in high 20s.
Management confidenceExtremely high, emphasizing resilience and 'crown jewel' brand status.

Growth

Consolidated revenue grew 15% YoY to ₹2,419 Cr, with standalone EBITDA margins reaching a robust 41.8%.

Outlook

Management reiterated double-digit revenue growth guidance for the upcoming year with continued margin sustainability.

Risks

International portfolio under pressure due to West Asia tensions impacting Taj Exotic and London base high-occupancy comps.

Last quarter's promises, checked

Delivered

  • Guided 12-14% revenue growth → delivered 15% YoY (= BEAT)
  • Guided 60+ hotel openings for FY27 → delivered 11 openings in Q1 (= BEAT)
  • Targeted 100+ Qmin outlets → delivered 100+ outlets (= BEAT)

Partly delivered

  • Targeted 31,000+ key pipeline → delivered 265 hotels pipeline (= PARTIAL)
  • Targeted 35% EBITDA margin → delivered 31.1% consolidated margin (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: INDHOTEL. Summary written with AI assistance from the document.

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Indian Hotels Company Ltd: key numbers

Share price
₹726.80
Market cap
₹1,03,455 Cr
Revenue (annual)
₹9,689 Cr
Net profit (annual)
₹2,084 Cr
P/E (TTM)
48.2×Sector 43.7×
Promoter holding
38.12%+0.00% QoQ
FII holding
21.71%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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