Indian Hotels Company Ltd

Net profit of Indian Hotels Co rose 28.85% to Rs 582.32 crore in the quarter ended December 2024 as against Rs 451.95 crore during the previous quarter ended December 2023. Sales rose 28.98% to Rs 2533.05 crore in the quarter ended December 2024 as against Rs 1963.84 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2533.051963.84 29 OPM %37.9737.29 - PBDT967.97719.02 35 PBT834.03604.71 38 NP582.32451.95 29 Powered by Capital Market - Live

Indian Hotels Company will hold a meeting of the Board of Directors of the Company on 17 January 2025.Powered by Capital Market - Live

Indian Hotels Company (IHCL) has set a new growth benchmark with 85 signings and 40 openings in 2024, taking its portfolio to 360 hotels with an industry leading pipeline of 123 hotels. Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL said, 'This record growth performance is attributed to the continued expansion of the brandscape. IHCL launched the reimagined Gateway, a full-service hotel offering in the upscale segment, acquired majority shareholding in Tree of Life brand holding company, adding a boutique leisure offering and entered into a brand license agreement for The Claridges, commencing with management of brand's landmark hotel in New Delhi, extending IHCL's luxury portfolio. In line with IHCL's strategy Accelerate 2030, the growth continues to be focused on capital light, accounting for 75% of the year's signings.' She added, 'The iconic Taj brand remains at the forefront of this growth with 19 signings in 2024. This is reflective of the growing affluence and demand for luxury experiences with signings spanning metros, pilgrimage locations, leisure destinations, state capitals in India as well as in key international markets. Taj with a portfolio of 125 hotels, renowned for its legacy of world class hospitality not only remains the driving force in IHCL's brandscape but is also among the top luxury brands in the world for its scale and brand strength.' IHCL is well poised to achieve its goal of a 700 hotel portfolio under its strategy - Accelerate 2030.Powered by Capital Market - Live

Indian Hotels Co (IHCL) announced its comprehensive strategy for 2030. Under the plan, IHCL will expand its brandscape, deliver industry- leading margins, double its Consolidated revenue with a 20% return on capital employed and grow its portfolio to 700+ hotels while building on its world-renowned service ethos. Under 'Accelerate 2030', the focus will be on driving top-line growth with 75% from traditional businesses and management fee and 25%+ from new and re-imagined businesses. Traditional businesses will be enabled by RevPAR leadership, asset management initiatives and inventory expansion of existing assets. Management Fee is expected to cross INR 1,000 crores by 2030, led by not like for like growth and increasing share of managed inventory. New Businesses, comprising of Ginger, Qmin, am' Stays & Trails and Tree of Life will rapidly scale through a capital light route, delivering a revenue CAGR of 30%+, while the re-imagined businesses of The Chambers and TajSATS, will continue their growth momentum. Evolution of the brandscape will be central to achieving optimum scale, building salience for new and reimagined brands and introducing innovative formats and concepts. This includes entering new segments like branded residences and extending the brandscape with newer brands like the addition of The Claridges, an opportunity to grow with a differentiated offering in the luxury segment. Expansion of the portfolio will maintain IHCL's leadership in the Indian Sub-Continent. International presence will be built in global gateway cities with a focus on capital light route only with the Taj brand. Taj, SeleQtions and Vivanta will continue their steady growth, collectively contributing another 100 hotels to the pipeline. Reflective of the emerging consumer trends as well as the growth in Tier I and II cities, 75% of our new additions will be driven by the boutique leisure offering of Tree of Life, the re-imagined Gateway brand in the upscale segment, Ginger in the midscale segment. Excellence in operations with industry leading ESG+ framework of Paathya and IHCL's world-renowned service standards will be the key enablers on this journey.Powered by Capital Market - Live

The strategy aims to double consolidated revenue, grow its hotel portfolio to 700+, and expand its brand presence. Key growth drivers include traditional businesses, management fees, and new and re-imagined businesses. Traditional businesses will be enabled by RevPAR leadership, asset management initiatives and inventory expansion of existing assets. Management fee is expected to cross Rs 1,000 crore by 2030, led by not like for like growth and increasing share of managed inventory. New businesses, comprising of Ginger, Qmin, am' Stays & Trails and Tree of Life will rapidly scale through a capital light route, delivering a revenue CAGR of 30%+, while the re-imagined businesses of The Chambers and TajSATS, will continue their growth momentum. IHCL will also expand its international presence in global gateway cities with the Taj brand and prioritize domestic growth in Tier I and II cities with brands like Tree of Life, Gateway, and Ginger. IHCL plans to invest up to Rs 5,000 crore over the next five years to strengthen its existing assets and pursue future growth opportunities. The company remains committed to its dividend policy, distributing 20-40% of PAT to shareholders. Puneet Chhatwal, managing director and chief executive officer, IHCL said, IHCL has surpassed its guidance by achieving a portfolio of 350 hotels, with over 200 hotels in operation and delivered ten consecutive quarters of record financial performance. IHCL will expand its brandscape with the launch of new brands, tapping the heterogenous market landscape and taking its portfolio to 700 hotels by 2030. Doubling its Consolidated revenue to INR 15,000 crores, scaling new and re-imagined businesses to 25%+ share of revenue and continue to generate industry-leading margins and return on investment, while maintaining its renowned service excellence. Indian Hotels Company is a leading hospitality group in India. It operates a diverse portfolio of brands including the iconic Taj, SeleQtions, Tree of Life, Vivanta, Gateway, and Ginger, catering to various customer segments. With a strong focus on Indian hospitality and world-class service, IHCL has a global presence spanning 13 countries and over 150 locations, with a total of 350 hotels, including 118 under development. Powered by Capital Market - Live

Profit before tax stood at Rs 695.57 crore in the quarter ended September 2024, up 199.57% from Rs 232.19 crore posted in same quarter last year. EBITDA stood at Rs 565 crore in September 2024 quarter, registering a growth of 40% on YoY basis. EBITDA margin improved to 29.9% in Q2 FY25 as against 27.2% in Q2 FY24. Puneet Chhatwal, managing director & CEO, IHCL, said, 'The second quarter witnessed a strong revival of demand resulting in overall revenue growth of 28% and 16% growth for the hotel segment, marking the best ever Q2 Consolidated EBITDA margin at 29.9%. For FY2025, we continue to maintain a guidance of double-digit revenue growth led by the sustained growth in New Businesses, not like for like growth and healthy same store performance. This is reflected in a strong 16.5% growth in consolidated hotel segment revenue in October which is set to accelerate in the remaining months of Q3. IHCL has achieved a record signing of 42 hotels resulting in an industry leading portfolio of 350 hotels and met its market guidance of opening two hotels a month with 14 new hotel openings till date. IHCL will take over the management of landmark hotel The Claridges, New Delhi in April 2025 under a hotel operating agreement. In addition, IHCL has entered into definitive agreements to acquire majority shareholding in Tree of Life brand holding company, expanding its brandscape with a boutique leisure offering.' Ankur Dalwani, executive vice president and chief financial officer, IHCL said, 'In Q2, IHCL Consolidated for hotel segment reported a strong EBITDA margin of 30.5%, a 330-basis points expansion, led by double-digit revenue growth and sustained operational leverage. IHCL Standalone reported an all-time high Revenue of Rs 1,125 crore, a year on year growth of 19% and an EBITDA margin of 38.6%, an expansion of 390 basis points. Reflective of a strong balance sheet, the gross cash position for IHCL Consolidated as on 30 September 2024 stood at Rs 2,460 crore. In line with our strategy of simplifying the holding structure, TajSATS is fully consolidated in IHCL, for 2 months in Q2. IHCL Consolidated PAT grew 48% on year-on-year basis to Rs 247 crore, excluding an exceptional item of Rs 307 crore on account of this consolidation.' Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service.Powered by Capital Market - Live

Net profit of Indian Hotels Co rose 232.24% to Rs 554.58 crore in the quarter ended September 2024 as against Rs 166.92 crore during the previous quarter ended September 2023. Sales rose 27.42% to Rs 1826.12 crore in the quarter ended September 2024 as against Rs 1433.20 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1826.121433.20 27 OPM %27.4524.75 - PBDT513.14343.40 49 PBT388.21232.19 67 NP554.58166.92 232 Powered by Capital Market - Live

The Board of Directors of The Indian Hotels Company has approved the execution of a Share Subscription and Purchase Agreement, and Shareholders' Agreement to acquire ~55% equity shares for an amount not exceeding Rs 18 crore in Rajscape Hotels, a Company that manages 16 boutique properties offering immersive and experiential stays under the brand 'Tree of Life Resorts & Hotels' across India. Powered by Capital Market - Live

Indian Hotels Company will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live