The Indian Hotels Company Limited (IHCL) has provided a progress update under the Ahvaan 2025, the company’s strategic growth roadmap.
Value generation has been a basis of this approach, which is driven by efforts such as re-engineering its traditional business, scaling its reimagined enterprises and restructuring its portfolio.
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In the 2022-2023 Financial Year (FY), the brand owned or leased hotels and managed 263 properties, with a 32.7% EBITDA.
IHCL CEO and managing director Puneet Chhatwal said: “Ahvaan 2025, our comprehensive strategy to be an iconic and profitable hospitality ecosystem has witnessed a strong start.
“With four consecutive quarters of record financial performance, the company achieved an all-time high PAT of over ₹10bn ($12m) and maintained zero net debt status.
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“With its reimagined brandscape, industry-leading brands and operational excellence, strong footprint across 125+ cities, as well as the unwavering trust of guests and dedication of all colleagues guided by the ethos of Tajness, IHCL is well poised to deliver on this vision.”
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By GlobalDataIHCL generated revenue growth of 20% or more and a margin increase of 15.2 percentage points.
It launched Papermoon, a global Italian brand, in Goa; debuted Loya, a new Indian restaurant concept and extended its gastropub House of Nomad and brewpub 7 Rivers in Goa.
Ginger attained a portfolio of 85 hotels and declared a PBT of ₹480m ($5.84m), making the company profitable for the first time.
TajSATS, a market leader in aircraft catering, achieved an all-time high EBITDA margin of 19.7% and a PBT of ₹1.07bn ($13m).
amã Stays and Trails’, a branded service in the homestay industry, has grown steadily to 114 outlets.
Qmin, IHCL’s culinary platform, has expanded to different formats, including as the all-day restaurant at Ginger Hotels and now has 34 outlets.
With the signing of 36 hotels, the company restructured its portfolio and established a 50:50 mix of owned or leased and managed hotels. IHCL also noted that the Taj brand has hit a landmark of 100 hotels.
As part of this strategy, IHCL aims to establish a portfolio of 300 hotels by the FY 2025-26, with a 33% EBITDA margin and a 35% EBITDA share contribution from the latest businesses and management fees.
