Indian Hotels MD & CEO says demand will continue to outpace supply going forward

Indian Hotels reported revenue growth of 15.8 percent during the June quarter, while the 30.5 percent growth in net profit was aided by an 82 percent jump in other income.

MD & CEO Chhatwal said that the year has begun on a good note for Indian Hotels but seasonality had a role to play in the results. "Quarter three is traditionally the strongest, quarter four is the second strongest. And if you get quarter one as a good start, I think then you're ahead," he said. "If we start on a good note, the quarter three and quarter four can only augment the performance of quarter one and quarter two," he added.

Indian Hotels' collaboration with Tata Neu has helped the company innovate over the last few quarters in introducing newer concepts. This has helped drive loyalty-driven revenue for the company. "Our new F&B innovations, our smart renovations and ancillary businesses like private membership club, like chambers, the renaissance of the Taj Club Lounges is all helping us to drive premium performance," Chhatwal added.

EBITDA margin for the quarter stood at 28 percent compared to 29.8 percent during the same period last year. Chhatwal said that the standalone margin for the India business is still at 36 percent and that he continues to maintain the 33 percent margin target for the consolidated entity by financial year 2025.

In the process of getting permissions for Taj Sea-Rock

Should have clarity on Taj Sea-Rock by end of financial year 2024

International business is profitable for Indian Hotels

Some business management fees come directly to IHCL for accounting reasons. All of that added back makes international business very profitable.