Indian Hotels Co. Ltd. · NSE:INDHOTEL
Indian Hotels — The Indian Hotels Company — Q4 FY26 Earnings Presentation
59 slides from Indian Hotels's earnings presentation, May 11, 2026
Slide 1: Building Blocks in Place
“Building Blocks in Place” CREATING A RESILIENT, SCALABLE AND FUTURE-READY HOSPITALITY ECOSYSTEM GLOBAL CONFERENCE CALL Q4 & FY26 11th May 2026 1
Slide 2: 2025-26 Year of Building the Foundation
2025-26: YEAR OF BUILDING THE FOUNDATION HOSPITALITY ECOSYSTEM RESILIENT SCALABLE FUTURE-READY 2026-27: YEAR OF TRANSFORMATION ACROSS BRANDS & GEOGRAPHY 2
Slide 3: Resilient and Scalable
Diversified Strong Margins Robust Balance Sheet Portfolio & Revenues Capital Light 35% EBITDA 68% Operating Portfolio ₹ 4,300+ Cr With leadership in Despite investments in & 93% Pipeline Gross Liquidity Luxury & Midscale growth RESILIENT Demonstrated Growth & Infant 4 Strategic Capital Expenditure s
Slide 4: Future Ready IHCL Building Blocks in Place
FUTURE READY IHCL BUILDING BLOCKS IN PLACE BRANDSCAPE PORTFOLIO & PIPELINE Multi-brand architecture across consumer segments and price points Accelerating scale with 1,000+ portfolio units, robust pipeline, market expansion and capital-light growth ENTERPRISE RESILIENCE Building institutional streng
Slide 5: IHCL Delivering on All Metrics
IHCL DELIVERING ON ALL METRICES CONSISTENT GROWTH YEAR AFTER YEAR FY23-26 19% 21% 23% 28% CAGR REVENUE EBITDA PAT (BEI)* Reported PAT Revenue EBITDA PAT (BEI) EBITDA Margin 35% 33% 9,971 24% 16% 5,949 3,477 4,596 1,943 4,076 1,849 665 1,100 999 313 -52 FY17 FY20 FY23 FY26 ₹ Crore (IHCL Consol.) *PAT
Slide 6: FY27 Positioned for Accelerated Momentum
FY27 POSITIONED FOR ACCELERATED MOMENTUM 750+ Owned/Leased Keys to open 4,250+ Managed Keys leading to Robust Fee growth Renovated Inventory to create Upside Strong blocks of Foundation Limited Supply expected across for Resilient Scale key cities 100% Resilient Integration domestic demand ANK/Pride
Slide 7: Key Sections
KEY SECTIONS 1. Future Ready IHCL : Building Blocks in Place 2. Q4 Performance Snapshot 3. FY Financial Performance 4. FY27 Key Drivers 5. Annexure 7
Slide 8: Our Multi Brand Architecture
BRANDSCAPE OUR MULTI BRAND ARCHITECTURE ACROSS SEGMENTS, LOCATIONS & PRICE POINTS LUXURY UPPER UPSCALE EXPERIENTIAL MIDSCALE CATERING Iconic. Authentic. Timeless. Storied. Distinctive. Authentic. Experiential. Soulful. Culinary Art in Motion The Named Collection. Smart. Adventurous. Lively. The Mast
Slide 9: Enterprise Revenue Crosses ₹17,000 Cr Across Brands
BRANDSCAPE ENTERPRISE REVENUE CROSSES ₹ 17,000 CR ACROSS BRANDS Anchored by ‘TAJ’ Established Brands Growth Brands ₹ 11,700 Cr ₹ 2,150 Cr ₹ 1,300 Cr ↑10% ↑12% ↑43% Brands in Infancy Air Catering ₹ 1,219 Cr ↑16% Enterprise Revenue Growth YoY 9
Slide 10: F&B Segment Scaling Up With Strong Brand Recall
BRANDSCAPE F&B SEGMENT SCALING UP WITH STRONG BRAND RECALL No. of Restaurants Dubai, Mumbai, Raichak, New Delhi, Jaipur, Patna, New Delhi, Bhopal, Gangtok, Ahmedabad, Bhopal, Jaipur, 9 Patna, Ahmedabad, Gurgaon, 7 Hyderabad, Raichak, Udaipur, 7 Bangalore, Ranthambore, 7 Kolkata, Mussoorie, New Jaipu
Slide 11: India's Largest Hospitality Network With 1,000+ Portfolio Units
PORTFOLIO ACCELERATED EXPANSION & EXECUTION MAKING IHCL INDIA’S LARGEST HOSPITALITY NETWORK WITH 1,000+ PORTFOLIO UNITS 147 4 1 22 56 51 54 260 35 No of Hotels (Portfolio) 630 Hotels 375 amã villas 1,000+ units As on 30th April 2026 11
Slide 12: Year of Record Signings & Openings
PORTFOLIO YEAR OF RECORD SIGNINGS & OPENINGS THROUGH INORGANIC & SUSTAINED ORGANIC GROWTH SIGNED 19 1 23 1 14 19 3 15 155 250 FY26 5 1 11 1 11 4 4 6 89 132 OPEN FY26 125+ 15 Countries 375 255 Locations Added FY26 Portfolio Presence Operating Hotels Hotels in Pipeline 250+ 4 33,000+ 31,000+ Destinati
Slide 13: Robust Pipeline of 250+ Hotels, 31,000+ Keys
PIPELINE ROBUST PIPELINE OF 250+ HOTELS 31,000+ KEYS 100+ HOTELS TO OPEN IN NEXT 24 MONTHS PIPELINE BY BRAND PIPELINE BY CONTRACT TYPE Capital Light 93% Managed (25k keys) 33% 81% PIPELINE PIPELINE 19% Capital Light Lease* 2% ~31,000 ~31,000 (4k keys) 13% KEYS KEYS 6% 29% 6% 11% Owned / Leased (2k K
Slide 14: Strengthening Guest Engagement
STRENGTHENING GUEST ENGAGEMENT CUSTOMER & LOYALTY YEAR OF EXPERIENCES, LOYALTY & DIGITAL JOURNEY Best-ever Customer Centricity Loyalty Points earning 75.3 24 hr Revenue contribution Enterprise NPS Average Complaint to Enterprise closure time Points Earning Revenue 23% 260 bps Growth yoy Elevating Di
Slide 15: Human Capital Our Key Competitive Advantage
PEOPLE & CULTURE HUMAN CAPITAL OUR KEY COMPETITIVE ADVANTAGE WORKFORCE ADVANCE SKILLING & Talent & Retention TALENT PIPELINE WELLNESS PROGRAMS • 51,000+ Employees 8+ Global Academic Partnerships • 24% Gender Diversity • 10+ Targeted Programs • Physical, Psychological, • 75%+ Retention Ratio Financia
Slide 16: Long Term Partnerships Creating Win-Win Value Propositions
OWNERS & PARTNERS LONG TERM PARTNERSHIPS CREATING WIN-WIN VALUE PROPOSITIONS 1,000+ 500+ 40+ Units Portfolio Owners Owners who trusted us with more than 1 Asset STRATEGIC PARTNERSHIPS & FRAMEWORK AGREEMENTS DURING THE YEAR 155 23 Hotels Hotels Luxury 15 Integrated Hotels Wellness 10 7 Hotels Hotels
Slide 17: Building Resilience Ensuring Faster Growth
ENTERPRISE RESILIENCE BUILDING RESILENCE ENSURING FASTER GROWTH WITH STRONGER TRACKS FORTIFYING IT SYSTEMS AI Initiatives Launched Assurance & Compliance Tools New Property Systematic Assurance For Augmented Resilience Management AI Based Unified Reservation System Rolled out in Agent (A.U.R.A) for
Slide 18: Key Sections
KEY SECTIONS 1. Future Ready IHCL : Building Blocks in Place 2. Q4 Performance Snapshot 3. FY Financial Performance 4. FY27 Key Drivers 5. Annexure 18
Slide 19: Presenting Our 16th Best Ever Quarter
PRESENTING OUR 16TH BEST EVER QUARTER Q4 IHCL Consol. EBITDA & OP. EBITDA & PAT (BEI)* & Financials REVENUE OP. REVENUE & Growth YoY MARGIN% MARGIN% MARGIN% ₹ 2,845 Cr ₹ 1,052 Cr ₹ 2,765 Cr ₹ 973 Cr ₹ 600 Cr CONSOLIDATED ↑ 14% ↑ 15% ↑ 14% ↑ 13% ↑ 14% 37.0% 35.2% 21.1% ₹ 1,721 Cr ₹ 852 Cr ₹ 1,661 Cr
Slide 20: RevPAR Growth Across All Brands
REVPAR GROWTH ACROSS ALL BRANDS Q4 PREMIUMISATION SUSTAINED ↑10% By Brand Growth YoY 13,250 12,100 ↑10% RevPAR (₹/Night) 78% Growth YoY 77% Occupancy IHCL CONSOL. Occupancy 20,700 RevPAR (₹/Night) Q4FY25 Q4FY26 ↑6% Growth YoY 9,400 ↑5% ↑12% Growth YoY Growth YoY 2,900 18,800 16,730 STANDALONE 82% 80
Slide 21: Q4 Impacted by Temporary Global Disruptions
Q4 IMPACTED BY TEMPORARY GLOBAL DISRUPTIONS REMAINS POWERED BY STRUCTURAL DOMESTIC RESILIENCE Airline Routes Dubai Hotels West Asia Last minute MICE Suspension impacted occupancy reduced Conflict Impact cancellations Inbound Travel to 25% impacting fee Income Managed LPG Supply Disruptions through u
Slide 22: Diversified Revenue Streams Hotel Segment
DIVERSIFIED REVENUE STREAMS HOTEL SEGMENT Revenue ₹ Cr & Growth YoY IHCL CONSOL Q4 FY26 STANDALONE Q4 FY26 F&B Revenue 774 (+9%) F&B Revenue Room revenue 511(+6%) Operating Operating Room revenue Revenue 770 (+12%) Revenue 1,226 (+13%) 2,452 1,661 (+12%) (+14%) Management Management Fees # Fees # 22
Slide 23: Operational Efficiencies Sustained Margin for Consol Hotel Segment
OPERATIONAL EFFICIENCIES SUSTAINED MARGIN FOR CONSOL HOTEL SEGMENT Raw Material Costs Payroll Costs Power Costs as % of F & B Revenue as % of Operating Revenue as % of Operating Revenue 21.7% 21.3% 24.3% 23.7% 3.8% 3.5% 155 165 522 581 82 86 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 License Fe
Slide 24: Key Sections
KEY SECTIONS 1. Future Ready IHCL : Building Blocks in Place 2. Q4 Performance Snapshot 3. FY Financial Performance 4. FY27 Key Drivers 5. Annexure 24
Slide 25: FY26: Key Milestones
FY26 : KEY MILESTONES Best Ever Financials 4th Year in a row 2,000+ Cr 35% Reported PAT ₹ 4,300+ Cr Margin Cash Growing Return Ratios 44% Increase in Dividend DESPITE MACRO-ECONOMIC HEADWINDS Pahalgam India-Pakistan Heavy Aircraft West Asia Domestic flight Attack conflict Rains crash incident Geopol
Slide 26: Achieved Revenue Guidance for FY26 Despite Macro Headwinds
ACHIEVED REVENUE GUIDANCE FOR FY26 DESPITE MACRO HEADWINDS FY26 IHCL Consol. Financials EBITDA & OP. EBITDA & PAT (BEI)* & REVENUE OP. REVENUE MARGIN% & Growth YoY MARGIN % MARGIN% ₹ 9,971 Cr ₹ 3,477 Cr ₹ 9,689 Cr ₹ 3,195 Cr ₹ 1,849 Cr CONSOLIDATED# ↑ 16% ↑ 16% ↑ 16% ↑ 15% ↑ 15% 34.9% 33.0% 18.5% ₹
Slide 27: Leveraged Through RevPAR Growth Across All Brands
LEVERAGED THROUGH REVPAR GROWTH ACROSS ALL BRANDS ↑9% By Brand Growth YoY 11,750 10,750 ↑9% Growth YoY RevPAR (₹/Night) 76% 76% Occupancy 18,600 IHCL CONSOL. Occupancy RevPAR (₹/Night) FY25 FY26 ↑7% Growth YoY 7,700 ↑7% ↑8% Growth YoY Growth YoY 14,400 2,700 13,370 STANDALONE 78% 77% Occupancy RevPA
Slide 28: Revenue Diversification Across Brands & Geography
REVENUE DIVERSIFICATION ACROSS BRANDS & GEOGRAPHY ACROSS BRANDS ACROSS GEOGRAPHY NEW BUSINESS NEW ADDITIONS 1% Key Domestic Business Cities 66% of Domestic Hotel revenues 53% 8% IHCL Consol IHCL Consol Hotel Op. Revenue 12% Op. Revenue Key Domestic 8,487 Cr Leisure 9,689 Cr (+11%) 15% 69% Destinatio
Slide 29: New Business at Inflection Point
NEW BUSINESS AT INFLECTION POINT ACCELERATED EXPANSION New Business Revenue at IHCL Consol. level ₹ /Crores CAGR 753 FY23-26 31% ↑25% 336 YoY 213 158 FY17 FY20 FY23 FY26 Ginger Consol. Ginger Mumbai Airport ₹ 709 Cr 44% ₹ 105 Cr 56% Revenue FY26 Hotel EBITDAR Margin Revenue FY26 EBITDAR Margin 29
Slide 30: Balance Sheet Built for Scale ₹4,300 Cr+ Cash
BALANCE SHEET BUILT FOR SCALE ₹ 4,300 CR+ CASH ₹ /crores 300 2,209 (22) 164 4,345 (1,037) (342) 3,073 Free Cash Flow CY : ₹ 1,450 crores, PY : ₹ 1,099 crores Free Cash Flow is 75% of PAT (BEI) Gross Cash Cash from Ops. Other Income Finance Cost Capex Dividend Net Investment Gross Cash March 2025 & O
Slide 31: Investment for Asset Management & New Builds
INVESTMENT FOR ASSET MANAGEMENT & NEW BUILDS Key Renovations ₹ /Crores CAPEX SPENDS 644 • Loya & Chambers at Taj Mahal Palace, Mumbai 1,074 1,037 393 • Rooms at Taj Palace, Taj Fort Aguada Goa, President Mumbai, Vivanta Whitefield & others 637 Key Greenfield Investments Renovation, Greenfields Routi
Slide 32: Growing Return Ratios Through Effective Deployment of Capital
GROWING RETURN RATIOS THROUGH EFFECTIVE DEPLOYMENT OF CAPITAL RETURN ON CAPITAL EMPLOYED%(1) RETURN ON EQUITY%(2) 17 16 13 13 7 7 5 -ve FY17 FY20 FY23 FY26 FY17 FY20 FY23 FY26 Increasing Return ratios despite TajSATS consolidation & new acquisitions (1) RoCE is pre-tax EBIT divided by average Capita
Slide 33: Dividend Payout Continues to Grow
DIVIDEND PAYOUT CONTINUES TO GROW DIVIDEND PAYOUT (₹ Crores) DIVIDEND PROPOSED FOR FY 25/26 CAGR FY23-26 463 48% Dividend of ₹ 3.25 (↑44% YoY) per equity share (PY ₹ 2.25) 142 Including special dividend of ₹ 0.50 to commemorate the 125th AGM and on account of 42 59 exceptional gain derived during th
Slide 34: Key Sections
KEY SECTIONS 1. Future Ready IHCL : Building Blocks in Place 2. Q4 Performance Snapshot 3. FY Financial Performance 4. FY27 Key Drivers 5. Annexure 34
Slide 35: Supply to Remain Tight Across Key Markets in FY27
SUPPLY TO REMAIN TIGHT ACROSS KEY MARKETS IN FY27 NEW DELHI ~5% 1% SUPPLY CAGR IN KEY JAIPUR KOLKATA MARKETS FY25-FY27 6% 3% Branded Keys (‘000) As on AHMEDABAD Markets 31st Mar-26 2% Ahmedabad 6.1 Bengaluru 19.3 MUMBAI Chennai 10.0 HYDERABAD 5% 3% Hyderabad 8.7 Kolkata 5.2 BENGALURU Mumbai 16.5 PUN
Slide 36: Key Events Expected in FY27
KEY EVENTS EXPECTED IN FY27 MULTIPLE MICE EVENTS BRICS INDIA 2026 VIBRANT GUJARAT GLOBAL INDO AFRICA FORUM SUMMIT AERO INDIA 2027 New Delhi | Sep-26 SUMMIT 2027 New Delhi | May-26 Bengaluru | Feb-27 Gujarat | Jan-27 SPORTING EVENTS WEDDINGS WORLD PICKELBALL 5TH ASIA AUSTRALIA|WEST INDIES| INDIAN PRE
Slide 37: Management Fee Robust Growth to Continue
MANAGEMENT FEE ROBUST GROWTH TO CONTINUE MANAGEMENT FEE NET UNIT GROWTH ₹/CRORES MANAGED HOTEL ROOMS CAGR FY23-26 685 CAGR FY23-26 24,000+ 20% 20% Double Digit 20,000 ↑22% Growth YoY 399 11,400 8,800 212 7,400 177 FY17 FY20 FY23 FY26 FY27e FY17 FY20 FY23 FY26 FY27e 37
Slide 38: Midscale Segment Leadership
MIDSCALE SEGMENT LEADERSHIP KEY CAPITAL LIGHT LEASES TO ADD IN FY27 Ginger Ginger Jorhat Patna 260 Portfolio (78 Keys) (126 Keys) 160+ Operational | 100 Pipeline 20+ Hotels Opening in FY27 500+ Keys on Lease ANK / PRIDE DEAL Ginger Ginger Kochi Raipur 35+ Brand Migration agreement closed (101 Keys)
Slide 39: FY27 Overall Capex Plan of ₹1,100-1,300 Cr
FY27 OVERALL CAPEX PLAN OF ₹ 1,100 – 1,300 Cr IN LINE WITH OUR PREVIOUS GUIDANCE Taj Lucknow Gateway, Calicut Blue Diamond, Pune (Expansion) (Full Upgrade) (Full Upgrade & Brand Migration) Keys : 96 addition Keys: 75 renovation Keys: 110 renovation Render Images 39
Slide 40: Robust Pipeline of 2,000+ Keys Capex Planned
ROBUST PIPELINE OF 2,000+ KEYS CAPEX PLANNED FOR KEY PROJECTS 126 SeleQtions at 40 Taj Frankfurt Q1FY27 KEYS Varanasi (Approvals KEYS received) 286 Taj at Shiroda ~300 Gateway Bengaluru (Approvals in progress) (2028) KEYS KEYS Gateway at Taj Bandstand ~450 Aguada ~110 (75% Excavation KEYS Plateau(Ap
Slide 41: Summarising Prospects & Possibilities
SUMMARISING PROSPECTS & POSSIBILITIES LFL Revenue Growth Ginger & New Business Momentum to continue Strong Not LFL growth & ANK/Pride Demand Outpacing Supply & Integration Asset Management New & Renovated Continued Momentum for Owned Keys TAJSATS with New Kitchens & Traditional Segment Non-Flight Ca
Slide 42: Paathya Doing Business the Responsible Way
PAATHYA DOING BUSINESS THE RESPONSIBLE WAY FY 26 UPDATE Waste 100% operating hotels will have an 85 hotels have bottling plants to organic waste management system eliminate use of single-use plastic bottles Water 54% 100% water recycling water recycled Energy 41% 2030 Goals 50% energy use to be Rene
Slide 43: Key Sections
KEY SECTIONS 1. Future Ready IHCL : Building Blocks in Place 2. Q4 Performance Snapshot 3. FY Financial Performance 4. FY27 Key Drivers 5. Annexure 43
Slide 44: Room Revenue Customer Segments & Channel Mix FY26
ROOM REVENUE CUSTOMER SEGMENTS & CHANNEL MIX FY26 180 bps increase from PY Crew Website Long Stay 2% 18% 3% MICE Hotel Reservation 25% Transient & Alternate (HRO) Leisure Distribution System (Online Travel 48% 61% Agents/ADS) 20% Corporate Global Distribution 9% System Central Reservation 5% (Call C
Slide 45: Revenue Break Up for Hotel Segment
Revenue ₹ Cr REVENUE BREAK UP FOR HOTEL SEGMENT & Growth YoY IHCL CONSOL (HOTEL SEGMENT) FY26 IHCL STANDALONE FY26 F&B Revenue 2,829 Room revenue F&B Revenue (+9%) 1,803 Room revenue Operating 4,283 (+9%) Operating 2,376 Revenue (+11%) Revenue (+6%) 8,487 5,380 (+11%) (+9%) Management Management Fee
Slide 46: LFL Revenue Growth Across Key Domestic Markets FY26
LFL REVENUE GROWTH ACROSS KEY DOMESTIC MARKETS FY26 IHCL Consol. (Domestic) 8% Revenue (LFL) Growth YoY 6% 14% 15% 10% 5% 8% 6% 5% Mumbai Delhi Bengaluru Chennai Kolkata Hyderabad Rajasthan Goa Kerala IHCL Enterprise (Domestic) Revenue (LFL) Growth YoY 6% 7% 13% 10% 10% 6% 6% 7% 7% Mumbai Delhi Beng
Slide 47: Operational Efficiencies Sustained Margin for Hotel Segment
OPERATIONAL EFFICIENCIES SUSTAINED MARGIN FOR HOTEL SEGMENT Raw Material Costs Payroll Costs Power Costs as % of F & B Revenue as % of Operating Revenue as % of Operating Revenue 21.5% 21.3% 26.0% 26.0% 4.3% 4.0% 561 603 1,979 2,203 331 336 12M FY25 12M FY26 12M FY25 12M FY26 12M FY25 12M FY26 Licen
Slide 48: Consolidated P&L Q4 & 12MFY26
CONSOLIDATED P&L Q4 & 12MFY26 PARTICULARS (₹ CR) Q4FY25 Q4FY26 Var % 12MFY25 12MFY26 Var % Revenue from Operations 2,425 2,765 14% 8,335 9,689 16% Non Operating Revenue 61 80 30% 230 282 23% Total Revenue 2,487 2,845 14% 8,565 9,971 16% Total Expenditure 1,568 1,793 14% 5,565 6,495 17% Operating EBI
Slide 49: Standalone Reported P&L Q4 & 12M FY26
STANDALONE REPORTED P&L Q4 & 12M FY26 PARTICULARS (₹ CR) Q4FY25 Q4FY26 Var % 12MFY25 12MFY26 Var % Revenue from Operations 1,476 1,661 12% 4,917 5,380 9% Non- Operating Revenue 55 60 10% 229 261 14% Total Revenue 1,531 1,721 12% 5,145 5,640 10% Total Expenditure 798 868 9% 2,885 3,097 7% Operating E
Slide 50: IHCL Consolidated Balance Sheet as on 31st March 2026
IHCL CONSOLIDATED BALANCE SHEET AS ON 31st MARCH, 2026 ₹ /crores Particulars March 2025 March 2026 Non-Current Assets Fixed Assets 8,293 9,591 Right to use Assets 2,547 2,287 Goodwill 711 1,121 Investments 1,380 1,107 Other Non-Current Assets 603 617 Cash & Cash Equivalents 3,073 4,345 Current Asset
Slide 51: Exceptional Items - Consolidated
EXCEPTIONAL ITEMS - CONSOLIDATED ₹ crores PARTICULARS Q4 FY25 Q4 FY26 12M FY25 12M FY26 Profit on Sale of entire equity stake in a joint venture company (Taj GVK) - - - 399 Key Money for securing of long-term management contracts - - - (30) Impact on account of New Labour Codes - - - (50) Property t
Slide 52: Key Legal Entities
₹ /crores KEY LEGAL ENTITIES ₹ /crores REVENUE EBITDA EBITDA MARGIN Legal Entities 12MFY25 12MFY26 12MFY25 12MFY26 12MFY25 12MFY26 UOH Inc. - USA 816 924 4 27 0.5% 2.9% UK Entities 556 603 130 127 23.4% 21.1% PIEM Hotels Ltd. 628 656 188 192 29.9% 29.2% Benares Hotels Ltd. 141 145 65 65 45.9% 45.2%
Slide 53: Operational Inventory
OPERATIONAL INVENTORY Owned Managed Contracts & OPERATIONAL JV / Associates Total Operational (Standalone & Subsidiary) Distribution Arrangements By Brand Hotels Keys Hotels Keys Hotels Keys Hotels Keys Taj 29 4,998 13 1,185 49 7,317 91 13,500 Claridges Collection 2 257 1 122 3 379 Gateway 3 211 4 1
Slide 54: Signed Pipeline
SIGNED PIPELINE Owned PIPELINE Managed Total Pipeline (Standalone & Subsidiary) Hotels Keys Hotels Keys Hotels Keys Taj 7 1,250 48 9,000 56 10,250 Claridges Collection 1 100 1 100 Gateway 1 400 37 5,700 38 6,100 SeleQtions 1 50 18 1,700 19 1,750 Vivanta 22 3,400 22 3,400 Ginger 40 4,200 57 4,800 96
Slide 55: Hotels Opened in Q4
HOTELS OPENED IN Q4 Sl No Name Brand Ownership Keys 1 Taj Gangtey Resort & Spa, Bhutan Taj Management Contracts 34 2 Eternity, Kanpur - IHCL SeleQtions SeleQtions Management Contracts 121 3 Vivanta Vrindavan Vivanta Management Contracts 135 4 Ginger Gurugram Ginger Subsidiary 59 5 Tree Of Life Saris
Slide 56: Openings Expected in Q1
OPENINGS EXPECTED IN Q1 Sl No Name Brand Ownership Keys 1 Gateway Kandla Gandhidham (Now Open) Gateway Management Contracts 93 2 Bandra House - IHCL SeleQtions SeleQtions Management Contracts 39 3 Ginger Kota (Now Open) Ginger Management Contracts 28 4 Ginger Genome Valley Hyderabad Ginger Subsidiar
Slide 57: Expected Openings in FY27
EXPECTED OPENINGS IN FY27 By Brands No. of Hotels No. of Keys Taj 11 1,250 Vivanta 4 700 Gateway 5 650 SeleQtions 8 700 Ginger 24 1,450 Tree of Life 4 150 Brij 4 100 Grand Total 60 Hotels 5,000 Keys 750+ Owned/Leased Keys & 4,250+ Managed Keys Opening Schedule is indicative and may change in future
Slide 58: Disclaimer
DISCLAIMER These presentations may contain forward-looking statements within the meaning of applicable securities laws. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Forward-looking statements are not g
Slide 59: Building Blocks in Place
“Building Blocks in Place” CREATING A RESILIENT, SCALABLE AND FUTURE-READY HOSPITALITY ECOSYSTEM GLOBAL CONFERENCE CALL Q4 & FY26 11th May 2026 59
The Indian Hotels Company — Q4 FY26 Earnings Presentation on 6ix