MUMBAI - The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the fourth quarter and full year ending March 31st, 2024.

CONSOLIDATED FINANCIAL RESULTS FOR Q4 AND FULL YEAR ENDED 31ST MARCH 2024
Q4 YoY PERFORMANCE

— Source: IHCL— Source: IHCL
— Source: IHCL

IHCL achieves its key goals under Ahvaan 2025 well ahead of time with a full year consolidated EBITDA margin of 33.7%, a portfolio of 300+ hotels and a cash position of INR 2,206 crores. Q4 FY24 marked eight consecutive quarters of record financial performance driven by double-digit revenue growth in same store hotels, incremental revenue from not like for like hotels and scaling of new businesses. With 53 signings in FY2024 IHCL achieved a portfolio of 310 hotels, enabled by attaining scale in each of our brands and forming strategic alliances in new market segments.

Looking ahead at FY2025, IHCL will continue to deliver double digit revenue growth with new businesses at 30%, and opening of 25 hotels. IHCL will also introduce the re-imagined Gateway, a full-service hotel offering in the upscale segment, an ideal fit to capture growth opportunities in emerging micro markets in metros and Tier II and Tier III cities. The brand roll-out starting with 15 hotels will commence with launches in Bekal and Nashik this quarter followed by destinations like Bengaluru, Thane and Jaipur. The brand will scale to a 100 hotels portfolio by 2030.

Investing in our competitive advantage of optimising the balance between operating leverage and fee-based business, IHCL has commenced a five-year capital deployment plan from FY2023 to FY2027 totalling INR 3,500 crores towards key asset upgradation, building capabilities and select new projects. This includes strengthening of our digital capabilities with new brand website launches starting May 2024, implementation of a new ERP system and Data Lake for advanced analytics with AI/ML capabilities. Mr. Puneet Chhatwal, Managing Director & CEO, IHCL

— Source: IHCL— Source: IHCL
— Source: IHCL

— Source: IHCL— Source: IHCL
— Source: IHCL

— Source: IHCL— Source: IHCL
— Source: IHCL

— Source: IHCL— Source: IHCL
— Source: IHCL

AWARDS AND RECOGNITION

  1. BRAND FINANCE’S BRAND VALUE REPORT INDIA 2023 - TAJ RANKED AS INDIA’S STRONGEST BRAND FOR THIRD TIME.
  2. MR. PUNEET CHHATWAL, MD & CEO, IHCL, HONOURED WITH HIS INDUCTION TO THE PRESTIGIOUS GLOBAL TRAVEL HALL OF FAME – TRAVEL WEEKLY
  3. TAJ RANKED THE BEST IN THE ‘WORLD’S FINEST LUXURY GRAND PALACES’ CATEGORY BY ‘101 EXECUTIVE SUMMIT’, GERMANY
  4. GOLDEN PEACOCK AWARD FOR HR EXCELLENCE, 2023 AWARDED TO IHCL
  5. IHCL RECOGNISED BY CONFEDERATION OF INDIAN INDUSTRY (CII) IN TOP 50 INNOVATIVE COMPANIES OF 2023
  6. IHCL RECEIVED 2023 INTERNATIONAL CENTER FOR RESPONSIBLE TOURISM (ICRT), INDIA FOUNDATION RESPONSIBLE TOURISM AWARD FOR 'BEST FOR TACKLING PLASTIC WASTE’
  7. GOLDEN PEACOCK AWARD FOR RISK MANAGEMENT 2023.
  8. TRIPADVISOR - 2023 TRAVELLERS’ CHOICE AWARD - RAMBAGH PALACE, JAIPUR RANKED WORLD’S NO. 1 HOTEL
  9. GOLDEN PEACOCK AWARD FOR TRAINING 2023
  10. CNBC TV18 - ICICI LOMBARD INDIA RISK MANAGEMENT AWARDS 2023 - MASTER OF RISK IN BUSINESS MODEL ADAPTABILITY
  11. CONDÉ NAST TRAVELER READER’S CHOICE AWARDS 2023
    • HOTELS ON BEST HOTELS IN INDIA LIST
      • UMAID BHAWAN PALACE, JODHPUR – RANKED NO. 1
      • TAJ LAKE PALACE, UDAIPUR
      • TAJ NADESARPALACE, VARANASI
      • THE TAJ MAHAL PALACE, MUMBAI
    • BEST RESORT ASIA - TAJ ARAVALIRESORT & SPA, UDAIPUR
    • BEST RESORT IN THE INDIAN OCEAN - TAJ CORAL REEF RESORT & SPA, MALDIVES
    • BEST RESORT IN MIDDLE EAST - TAJ EXOTICA RESORT & SPA, THE PALM, DUBAI
  12. CONDE NAST GOLD LIST 2023 – THE TAJ MAHAL PALACE, MUMBAI
  13. LA LISTE WORLD’S BEST HOTELS 2023 – TOP 1000 WORLD’S BEST HOTELS
  14. TRAVEL + LEISURE READERS' - "WORLD’S BEST AWARDS"
      • 25 FAVORITE HOTEL BRANDS OF 2023 - TAJ HOTELS RESORTS & PALACES
      • FAVOURITE RESORTS IN INDIA OF 2023 - TAJ LAKE PALACE, UDAIPUR
      • BEST 100 HOTELS IN THE WORLD - TAJ LANDS END, MUMBAI, INDIA
      • BEST CITY HOTELS IN ASIA - TAJ LANDS END, MUMBAI
      • FAVORITE CITY HOTELS IN INDIA OF 2023 - TAJ LANDS END, MUMBAI
      • 15 FAVORITE HOTELS IN NEW YORK CITY OF 2023 - THE PIERRE, NEW YORK

About The Indian Hotels Company Limited

The 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. These include Taj – the iconic brand for the most discerning travellers and ranked as India's Strongest Brand 2023 as per Brand Finance; SeleQtions, a named collection of hotels; Vivanta, sophisticated upscale hotels; and Ginger, which is revolutionising the lean luxe segment.

Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - The Taj Mahal Palace, in Bombay in 1903. IHCL has a portfolio of 310 hotels including 92 under development globally across 4 continents, 13 countries and in over 100 locations. The Indian Hotels Company Limited (IHCL) is India's largest hospitality company by market capitalization. It is primarily listed on the BSE and NSE.

Please visit: www.ihcltata.com; www.tajhotels.com; www.seleqtionshotels.com; www.vivantahotels.com; www.gingerhotels.com

Kirti Dhingra
IHCL

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