Indian Hotels Company Limited (IHCL) Latest Updates

Record Q3 FY26 Financials On February 11, 2026, IHCL reported its 15th consecutive quarter of record performance. Consolidated net profit jumped 50.2% year-on-year to ₹954.2 crore, while revenue grew 12.2% to ₹2,842 crore. The profit surge was significantly aided by an exceptional gain of ₹327 crore from the sale of its stake in a joint venture with the GVK Group. EBITDA for the quarter stood at ₹1,076 crore with a margin of 37.9%. Strategic Acquisitions and Partnerships The company has aggressively expanded its brand portfolio in early 2026. Key moves include acquiring a 51% stake in Brij Hospitality, a boutique experiential leisure brand with 22 operating properties. IHCL also secured a controlling stake in Atmantan, marking its entry into the integrated wellness segment. Additionally, a new partnership was formed with Claridges Hotels to manage "The Claridges, New Delhi" and develop the "Claridges Collection" brand. Portfolio Expansion and Pipeline As of February 2026, IHCL’s total portfolio has reached 617 hotels (with 360 currently in operation). The company has an industry-leading pipeline of 256 hotels (approximately 30,200 keys), of which 94% are being developed under an "asset-light" management model. Recent openings include the brand's foray into Bhutan with properties in Paro and Phobjika, and new signings in international markets like Cairo, Egypt, and Weligama, Sri Lanka. New Business and Segment Growth Revenue from "New Businesses"—which includes Ginger, Qmin, amã Stays & Trails, and Tree of Life—recorded a 31% year-on-year growth, contributing significantly to the overall topline. The air catering segment, TajSATS, also performed strongly with a 17% revenue increase. The company aims for these new segments to contribute 25% of total revenue by FY27.