Indian Hotels Company inks pact with Delhi’s iconic Claridges Hotels

IHCL and its affiliates unite a collection of companies and brands that combine excellent service with traditional Indian hospitality. Among them are Taj, the well-known brand for the most discriminating tourists, which was named the “World’s Strongest Hotel Brand” and “India’s Strongest Brand” across all sectors in the Brand Finance Hotels 50 and India 100 reports 2024; SeleQtions, a collection of carefully chosen, classic hotels; Vivanta, a chain of modern, high-end hotels that celebrate joie de vivre; Ginger, a company that is redefining the lean-luxe market; and amã Stays & Trails, a charming portfolio of private bungalows and villas situated in scenic areas.

Indian Hotels Company signs agreement with the renowned Claridges Hotels in Delhi

Indian Hotels Company Limited (IHCL), the parent company of Taj Hotels, announced on Thursday that it and Claridges Hotels Private Limited (CHPL) have inked a management agreement for the Claridges and Claridges Collection properties in India and Nepal.

The Claridges is a well-known and powerful luxury brand in New Delhi. IHCL will assume management of ‘THE CLARIDGES’ New Delhi on April 1, 2025, in accordance with this agreement,” the company stated in its investor presentation after its second-quarter financial results were made public. “This gives IHCL an opportunity to grow in the luxury space with a differentiated offering,” it said, contrasting with the Taj brand.

IHCL FY25 Q2 Results

The company announced on Thursday (7th November) that its consolidated net profit for the second quarter of 2024–25 had more than tripled to Rs. 582.71 crore, aided by remarkable gains from the consolidation of its TajSATS air and institutional catering business segment. IHCL has a net profit of Rs. 178.97 crore in the year-ago period. 

Its revenue from operations increased to Rs. 1,826.12 crore in the June-September quarter from Rs. 1,433.20 crore in the corresponding quarter of the last financial year.However, during the period under review, IHCL’s expenses also rose to Rs. 1,502.01 crore, as against Rs. 1,248.68 crore a year ago.

Puneet Chhatwal, MD & CEO of IHCL, said

Puneet Chhatwal, Managing Director & CEO, IHCL, said, “The second quarter witnessed a strong revival of demand resulting in overall revenue growth of 28% and 16% growth for the hotel segment, marking the best ever Q2 Consolidated EBITDA margin at 29.9%.

Today, Indian Hotels Company Ltd.’s stock has risen by over 4%

Indian Hotels Company Ltd. stock is trading right now at Rs. 711.60 per share, which is up by more than 4%, and it’s high traded price is 722.00, which is 52 week’s high.

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