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IHCL Delivers Responsible Profitable Growth With Best Q1 Performance in the Company’s History


MUMBAI – The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated and standalone financials for the first quarter ending June 30th, 2022.

Source: IHCL

Source: IHCL

Commenting on the Q1 performance Mr. Puneet Chhatwal, Managing Director & CEO, IHCL said, “IHCL has reported its best first quarter in the company’s history. This performance has been boosted by a surge in demand across markets and segments, with both, occupancy and rates exceeding pre-COVID levels. This has resulted in a milestone EBITDA Margin of 31.3%, which is an improvement of 1140 bps over Q1 FY 2019-20. In line with our vision of Ahvaan 2025, IHCL will continue on its trajectory of delivering responsible profitable growth.”

The company’s long-term growth will also focus significantly on digital enablers such as the super app – Tata Neu. As a founding member of Tata Neu, IHCL has seen a 50% increase in its loyalty members since the launch of the app.

Mr. Giridhar Sanjeevi, Executive Vice President and Chief Financial Officer, IHCL said, “The revenue performance in the quarter has been encouraging as it is broad based across key markets and brands. This combined with continued cost monitoring measures has led to margin expansion across all IHCL group companies. IHCL Consolidated has thereby reported a strong free cash flow of Rs.198 crores for the quarter and continues to be net cash positive.”

AWARDS AND RECOGNITION FOR FY 2022-23

  • BRAND FINANCE HOTELS 50 2022:
    Taj has been ranked as the World’s Strongest Hotel Brand 2022 by Brand Finance for the second consecutive time
  • BRAND FINANCE INDIA 100 2022: Taj has been rated as India’s Strongest Brand across sectors by Brand Finance for the second time. Taj has received a brand strength index (BSI) score of 88.9 out of 100 and a corresponding elite AAA brand strength
  • GOLDEN PEACOCK AWARD FOR RISK MANAGEMENT: IHCL has won the prestigious Golden Peacock Award for Risk Management for the year 2021
  • TRAVEL+LEISURE TOP 500 READER’S BEST AWARDS 2022: Multiple iconic hotels have been featured in these prestigious global reader’s choice awards

    • Rambagh Palace, Jaipur (Asia)
    • Taj Holiday Village Resort & Spa, Goa (Asia)
    • Taj Lake Palace, Udaipur (Asia)
    • Taj Palace, New Delhi (Asia)
  • TRAVEL+LEISURE WORLD’S BEST AWARDS 2022: Several of our hotels have been featured in the coveted awards across multiple categories

    • IHCL has been featured in the World’s Best Hotel Brands list
    • Best 100 Hotels in the World
      • Taj Lake Palace, Udaipur
      • Taj Falaknuma Palace, Hyderabad
    • Best 15 Resorts in Asia
      • Taj Palace , Delhi
      • Taj Lake Palace, Udaipur
      • Taj Falaknuma Palace, Hyderabad
      • Rambagh Palace, Jaipur
      • Taj Holiday Village Resort & Spa, Goa
      • Taj Lands End, Mumbai
    • Best 15 City Hotels in Asia
      • Taj Palace , Delhi
      • Taj Lands End, Mumbai
    • Best City Hotels in India
      • Taj Palace , Delhi
      • Taj Lands End, Mumbai
    • Best Resorts in India
      • Taj Lake Palace, Udaipur
      • Taj Falaknuma Palace, Hyderabad
    • Best in 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 the World’s Strongest Hotel Brand and India’s Strongest Brand as per Brand Finance Hotels 50 Report 2022 and India 100 Report 2022, respectively; 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 242 hotels including 63 under development globally across 4 continents, 11 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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