IHCL shares hit 52-week high on raising FY27 revenue guidance; here’s what analysts said about Q2 results

The stock surged a day after the hospitality company reported robust earnings for the July-September quarter of the 2026-27 financial year (Q2 FY27), posting a 22.7% year-on-year (YoY) surge in its consolidated net profit to ₹349.49 crore, as against ₹284.92 crore in the same period last year.

The company saw its consolidated revenue from operations climb 21.73% YoY to ₹2,484.32 crore during the quarter under review, from ₹2,040.89 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹788 crore in Q2 FY27, reflecting a 21% YoY increase from ₹653 crore in the year-ago period.

The EBITDA margin contracted 10 basis points (bps) YoY to 30.7% for the reporting quarter, down from 30.8% in the September quarter of FY26.

FY27 revenue guidance upgraded

IHCL also upgraded its consolidated revenue guidance for FY27 by 300 bps to 15-17% from 12-14% earlier.

The upgrade in the revenue guidance was led by a 17-19% hotel segment revenue, with seasonally strong upcoming quarters, high demand from social and MICE (Meetings, Incentives, Conferences, and Exhibitions) events, and strong non-like-for-like growth, said Puneet Chhatwal, Managing Director & CEO, IHCL.

Key highlights

During the quarter, IHCL recorded a 22% YoY growth in its room revenue, which stood at ₹1,115 crore. The food and beverages (F&B) segment grew 20% YoY to ₹686 crore, and revenue from management fees rose 25% YoY to ₹156 crore.

The company witnessed strong growth in its revenue per available room (RevPAR) across all its brands, led by Taj. The Taj brand’s RevPAR surged 28% YoY to ₹14,500, followed by IHCL’s domestic hotel brands, whose RevPAR rose 25% YoY to ₹8,220.

Its upper upscale brands saw their RevPAR advance by 21% YoY to ₹7,600, while its select services business, including Ginger Hotels and Tree of Life, clocked a RevPAR of ₹2,850, up 14% YoY.

“The revenue drivers were a rise of 25% in RevPAR from domestic same-store hotels, a 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,” said Chhatwal.

IHCL signed 47 hotels in the first half of FY27, reaching a portfolio of 670 hotels with a pipeline of 280 hotels totaling more than 32,000 rooms.

“With 47 signings in the first half across the brandscape, IHCL today has 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,” Chhatwal added.

Here’s what analysts said

The analysts added that IHCL is likely to provide detailed long-term guidance for hotel additions in November, and the company’s earlier guidance of 700 portfolio hotels by FY30 will be completed well ahead of schedule.

IHCL stock performance

At around 11:17 AM, the scrip was trading 4.67% higher at ₹788.15 per equity share. The shares touched a year’s low of ₹565 per unit on April 2, 2026.

The stock has risen more than 6% in the past week and 7% over the month. On a year-to-date (YTD) basis, it has soared 7%.

The Indian Hotels Company has a total market capitalisation of ₹1.12 lakh crore as of October 22, 2026, according to data on the NSE.