The Indian Hotels Company Limited — Q2FY27 earnings call summary
Filed 28 October 2026 · Official transcript
- No one-offs in margin expansion; positive outlook on margins despite cost pressures
- MICE and domestic demand remain strong drivers; wedding nights expected to increase in FY27
- FY27 revenue growth guidance revised upwards to 15-17%, hotel segment 17-19%
- Portfolio growth: 47 hotels signed, 20 opened in H1 FY27; pipeline 34,800 keys, 94% capital-light
- Management fees grew 25% to INR156 Cr; high teens CAGR guidance maintained
- Strategic merger with Oriental Hotels to complete Apr 1, 2027, expected 6-7% revenue upside in FY28
- FY28 expected to outperform FY27 with portfolio expansion and recovery in international business
- Tier 2/3 city supply growth balanced by strong demand; micro-market dynamics favorable
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