Tata Hotels profits plunge 49 percent in new blow
Indian Hotels Company Limited, the hospitality division of Tata Group, saw its net profit plunge by nearly half in the July through September quarter. The company recorded earnings of 285 crore rupees for the second quarter of fiscal 2026, down 48.6 percent from 555 crore rupees during the matching period one year earlier.
Revenue climbed 11.8 percent to reach 2,040.8 crore rupees, while earnings before interest, tax, depreciation and amortization grew 14.2 percent to 572 crore rupees. The EBITDA margin edged up to 28 percent from 27.4 percent in the prior year quarter.
Shares of IHCL closed at 743.75 rupees on the Bombay Stock Exchange on Tuesday, slipping 0.44 percent. The stock has gained 2.85 percent over the past month but has declined 14.81 percent since January. Founded in 1903 by Jamsetji Tata with the launch of The Taj Mahal Palace in Mumbai, IHCL operates more than 550 hotels spanning four continents. The company is recognized for its Taj brand and distinctive service philosophy known as Tajness.
