Indian Hotels Company Limited (IHCL), the Tata Group company that operates the Taj hotel brand, reported a 19.5 per cent year-on-year rise in consolidated profit to Rs 380 crore (yaani about Rs 3.8 billion) for the September quarter, and raised its full-year revenue growth guidance, according to reports of its regulatory filing on Wednesday.

Source: IHCL via TradingView / CNBC-TV18

Consolidated revenue from operations rose 21.7 per cent to Rs 2,484 crore (yaani about Rs 24.84 billion), while total income reached Rs 2,566 crore. Profit attributable to shareholders was Rs 349 crore, up 23 per cent, ScanX and The Financial Economy reported, citing the results approved by the board on October 21.

Source: ScanX

IHCL raised its consolidated revenue growth guidance for FY27 to 15-17 per cent from 12-14 per cent earlier, and said its hotel segment revenue is expected to grow 17-19 per cent, supported by strong domestic demand, social and MICE events, new openings and higher management fee income.

Managing Director and CEO Puneet Chhatwal said the company had delivered its 18th consecutive record quarter on key metrics including topline, EBITDA and profit after tax, and was set to achieve its Accelerate 2030 target of a 700-hotel portfolio well ahead of time. The portfolio stood at 670 hotels, including a pipeline of about 280, after 47 signings in the first half of FY27.

Source: The Financial Economy

Domestic same-store revenue per available room (RevPAR) rose 25 per cent year-on-year and management fee income also grew 25 per cent, the company said. Standalone occupancy rose to 82 per cent from 75 per cent, reports said.