Best ever Q2: Taj Hotel sees profit rise 21% to Rs 349 crore

NEW DELHI: Reporting its best ever July-Sept quarter results, Taj parent Indian Hotels Company Ltd (IHCL) has seen a 23% increase in its Q2 profit at Rs 349 crore, with revenue rising 21% to Rs 2,566 crore. The Tata Group hospitality company’s share closed 1% lower on BSE Wednesday at Rs 752, when the broader market was down 0.2%.IHCL MD and CEO Puneet Chhatwal said: “Q2 FY2027 marks the eighteenth consecutive record quarter with a consolidated revenue of INR 2,566 crores, up 21% over the previous year. This consistent performance is a testament to IHCL’s scalable and diversified operating model, which enables robust growth while preserving margin strength. The revenue drivers were rise of 25% in revenue per available room from domestic same store hotels, 25% increase in management fee income led by new openings momentum, 25% revenue growth in select service business and the contribution from our recent acquisitions of Brij and Atmantan.”“With 47 signings in the first half across the brandscape, IHCL today is a portfolio of 670 hotels and is set to achieve its guidance under Accelerate 2030 of a 700-hotel portfolio well ahead of time. Building on its first-half performance, IHCL is upgrading its consolidated revenue guidance from 12-14% to 15-17% growth for FY2027 led by 17-19% hotel segment revenue with seasonally strong quarters ahead, high demand from social and MICE events and our strong non-like-for-like growth,” Chhatwal added.IHCL EVP and CFO Ankur Dalwani said: “In Q2 FY2027, IHCL Standalone reported an operating revenue of Rs 1,336 crore, 26% over the previous year, operating EBITDA of Rs 520 crore, up 40%, driving a strong operating EBITDA margin of 38.9%, an expansion of 400 basis points and a PAT of Rs 393 crore, an increase of 36%. The performance in the quarter in the standalone entity was bolstered by RevPAR growth of 28% in full-service same store hotels led by marquee events in the capital and contribution from renovated assets in key markets of Goa, Delhi, Bengaluru and Udaipur. Maintaining a strong balance sheet, IHCL consolidated reported a gross cash of Rs 4,369 crore as on Sept 30, 2026.”You use AI every day. Now get your AI Quotient. Take the AIQ test.