The Indian Hotels Company Limited (IHCL) delivered record performance for the 12th consecutive quarter in FY 2024-25, driven by strong domestic demand and strategic initiatives.
Consolidated revenue stood at ₹ 8,565 crores, up 23% year-on-year (YoY). EBITDA margin expanded by 140 basis points to 35%.
Reported Profit After Tax (PAT) was ₹ 1,908 crores, including an exceptional gain of ₹ 305 crores. Normalized PAT grew 27% to ₹ 1,603 crores.
The hotel segment revenue grew 13% to ₹ 2,206 crores in Q4 FY25 with a margin of 38.5%, and 13% for the full year with a margin of 35.9%.
Standalone performance in FY25 was the best ever, with revenue of ₹ 5,145 crores (up 12%) and EBITDA margin expansion of 260 basis points to 43.9%. Standalone PAT grew 29% to ₹ 1,413 crores.
Consolidated RevPAR grew 16% in Q4 and 12% for the full year on a domestic like-for-like basis, maintaining a 73% premium over the Indian industry.
International consolidated portfolio reported double-digit revenue growth, with the U.S. subsidiary (The Pierre, New York) turning EBITDA positive.
Expanded portfolio with 74 signings and 26 openings in FY 2024-25, taking the total to 381 hotels (247 operational). Over 95% of signings were capital light.
Management fees increased 20% to ₹ 562 crores in FY25.
New businesses (Ginger, Qmin, Ama Stays & Trails, Tree of Life) grew 40% to ₹ 602 crores in FY25, with a consolidated margin of 37%.
Invested over ₹ 1,000 crores in CAPEX in FY25, split evenly between renovations/digital initiatives and greenfield projects. Guiding towards ₹ 1,200 crores plus CAPEX for FY26, with about 60-65% for renovations and digital.
Tata Neu loyalty program reached 10 million members, with direct channel bookings contributing over ₹ 2,200 crores.
Under ESG framework 'Paathya', 51 hotels draw power from clean energy, with 13 on 100% renewable energy.
Outlook is robust for FY26 and beyond, with confidence in delivering double-digit revenue growth.
April 2025 consolidated revenue grew approximately 17% over April 2024.
IHCL has ₹ 3,000 crores in liquidity.
Targeting opening 30-plus hotels in FY26, with 3 on the balance sheet.
Proposed a dividend of ₹ 2.25 per share (approx. 20% of consolidated PAT), subject to shareholder approval.
Management Commentary (Puneet Chhatwal, MD & CEO): The company continued its record performance for the 12th consecutive quarter, driven by growth momentum and strategic initiatives. The outlook is robust, and they are confident of delivering double-digit revenue growth in FY26.
Future Guidance: Confident of delivering double-digit revenue growth in FY26 and beyond. Targeting opening 30+ hotels in FY26. Guiding towards ₹ 1,200 crores plus CAPEX for FY26.