Indian Hotels Co share price today

Indian Hotels Co Ltd's share price was ₹849.00 at the close on 4 November 2026. It has been rising for 15 weeks. That is 18.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹583 and ₹849, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indian Hotels Co Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 9 weeks in a row.

Over the last 11 years the share price moved +855% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 4 quarters in a row and closed the week at a 52-week high.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹2,484 crore, +21.7% on a year earlier.

   Why: Revenue rose because domestic guests and large meetings and events filled more rooms at higher prices, and the company won more business from rivals.

   Next results: check if hotel openings, room rates, occupancy, and event and wedding demand keep sales growing.

   From the earnings call on 21 Oct 2026.

2. Profit up on a year earlier for 4 quarters in a row

   In the September 2026 quarter profit was ₹380 crore, +19.5% on a year earlier.

   Why: Profit rose because the core hotel business made more money from higher room occupancy and prices, helped by large meetings and events.

   Next results: check if London and San Francisco hotels recover, since weak travel there weighed on profit.

   From the earnings call on 21 Oct 2026.

3. Closed the week at a 52-week high

   ₹811.65 on 30 Oct 2026, the highest weekly close in a year.

For July to September 2026 (the quarter ended 30 September 2026), Indian Hotels Co reported revenue of ₹2,484 crore, up 21.7% from ₹2,041 crore a year earlier, and a profit of ₹380 crore, up 19.5% from ₹318 crore.

Indian Hotels Co results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Indian Hotels Co's management discussed these results on a call held on 21 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Indian Hotels Co closed at ₹849.00 on 4 November 2026, up 22.8% from ₹691.30 a year earlier (7 November 2025) and up 306.5% over five years. Its highest weekly close since March 2016 was ₹872.45 on 3 January 2025.

Indian Hotels Co share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Indian Hotels Co closed at ₹849.00, up 4.6% on the week and up 18.2% on the month. 21 Oct 2026: Indian Hotels Co held its results call for July to September 2026. Management guided: FY27 consolidated revenue growth 15%-17%, including hotel-segment growth of 17%-19%.

Earlier

• Results for July to September 2026: Revenue up 21.7% and profit up 19.5% on a year earlier.
• 23 Jun 2026: ex-date for a dividend of ₹3.25 a share.

Indian Hotels Co paid ₹3.25 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.38% at the ₹849.00 close on 4 November 2026. The last was a dividend of ₹3.25 a share, ex-date 23 June 2026.

Indian Hotels Co dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Indian Hotels Co Ltd paid out 22% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 13 reported years. 4 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 21 October 2026, Indian Hotels Co's management guided: FY27 consolidated revenue growth 15%-17%, including hotel-segment growth of 17%-19%.

“We will not be aggressive on international growth, but we will remain opportunistic and continue adding whenever we can because it is the first and, at the moment, the only consumer brand from India that has made it onto the international front.”Puneet Chhatwal, on the call for July to September 2026

What management guided

• FY27 expansion: 50 hotel openings, 30 in H2, Ginger to reach 150 operating hotels by March 31 FY27, and 5,000 keys annually; portfolio goal to be revised mid-November as 700 approaches.
• FY28 standalone operating revenue uplift of 6%-7% from OHL, from appointed date April 1, 2027.
• Management fees to sustain high-teens yearly growth and exceed ₹1,000 crore within two years.
• FY28 revenue expected to exceed FY27, supported by approximately 95 wedding nights versus a typical 60-65.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 21 October 2026.

What is changing at Indian Hotels Co, from the latest results and calls: capital-light model structural fee lift, ginger and new brands scale and domestic demand substitution.

• Capital-Light Model Structural Fee Lift. Management fee income grew 21% to 259 crore in H1 FY26, with contracts structured at above 70% flow-through margins. ⚠ estimate
• Ginger and New Brands Scale. New businesses (Ginger, Qmin, ama) delivered 25% on a year earlier revenue growth in FY26, now contributing 10% of enterprise revenue. ⚠ estimate
• Domestic Demand Substitution. Goa delivered 25% RevPAR growth in April-May 2026, as West Asian event cancellations partially substituted toward domestic premium resorts. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

If July to September 2026 like-for-like RevPAR growth delivers at or above 9% alongside sequential operating margin stability at 35% or above for two consecutive quarters, with management attributing the sustained margin explicitly to structural fee income rather than seasonal occupancy pricing, the mid-cycle mean-reversion case would need to be revised.

Each change stops working if

• Capital-Light Model Structural Fee Lift: Owner partners default or shift to competing operators during a prolonged demand downcycle, reducing management fee rolls.
• Domestic Demand Substitution: Domestic demand softens in tandem with international demand in a global downcycle scenario, eliminating the substitution offset.

The main risks

• RevPAR Growth Deceleration: FY27 RevPAR guidance was cut from above 10% to 7-9%, and management explicitly cited geopolitical headwinds causing 100 crore enterprise impact in Q4. ✓ fact
• Guidance Credibility Erosion: Management downgraded RevPAR guidance twice, delayed Taj Frankfurt opening, and shifted US asset position from status quo to in negotiations within a six-month period. ✓ fact
• FII structural stake-cutting: FII ownership fell from 27.78% in Dec 2024 to 23.23% in Mar 2026, a 4.55-percentage-point rotation out over five quarters. ✓ fact

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Indian Hotels Co reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: H2 hotel openings and Ginger integration: check deliveries against announced milestones and onboarding pace.

Indian Hotels Co is on 4 of our India lists: Momentum stocks, Breakout stocks, 52 week high & low and Hotel stocks.

Indian Hotels Co Ltd earned ₹380 Cr of net profit in the Sep 2026 quarter, +19.5% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹2,247 Cr. That is 15.3% of the quarter's revenue. The same quarter a year earlier earned ₹318 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹2,247 Cr (+10.3% on the year before).

Why profit moved: revenue changed +21.7% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +25.9% and revenue +15.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Indian Hotels Co Ltd reported ₹2,484 Cr of revenue in the Sep 2026 quarter, +21.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 9.2% a year on average. The last full year, FY26, came in at ₹9,689 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Ginger has crossed 100 crore revenue at Mumbai Airport with a 56% EBITDA margin. The brand goals a 250-hotel portfolio by end-FY27, with the Clarks integration adding 135 hotels. New businesses growing at 25-30% CAGR against a low base provide incremental revenue without owned-asset capex.

The last four reported quarters add to ₹10,430 Cr.

FY26 revenue was ₹9,689 Cr, +16.2% on the year before.

Recent pace: the last four quarters grew +15.6% on average, against 9.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.4%, against +20.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +28.6%, against +16.1% a year (accelerating).

Indian Hotels Co Ltd's operating margin was 28.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −23.0% and 33.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The operating portfolio has shifted from 22% to 68% capital-light over eight years, with 93% of the pipeline under management contracts or revenue-sharing leases. Fee income from contracts carries margin north of 70% and is largely uncorrelated with owned-asset operating leverage. This structural component supports a floor margin above the pre-2020 average.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.5 percentage points on the year while gross margin changed +1.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 118% of Indian Hotels Co Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,471 Cr of operating cash against ₹2,247 Cr of profit. After ₹2,051 Cr of spending on assets, ₹420 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 118% of profit came in as cash: the cash cycle got 329 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 3.4× depreciation over three years. The next section checks what that spending is building.

Indian Hotels Co Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −191 days in FY26, up from −520 days in FY21. It spent ₹5,423 Cr on assets over the last 3 years. Customers take 27 days to pay, and stock sits for 57 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹9,689 Cr, each day of that cycle ties up about ₹26.5 Cr, so roughly −₹5,070 Cr is tied up in the business at any time.

FY26: customers took 27 days to pay and stock sat for 57 days, about 1.9 months of sales sitting as stock, for a full cycle of −191 days, longer than FY21's −520.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 57 days. Customers pay about 27 days after that. Suppliers are paid at 276 days. Together that makes the −191-day cycle.

Spending on assets: ₹5,423 Cr over the last 3 years, against ₹1,577 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹787 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Indian Hotels Co Ltd's P/E is 60.1×, in the middle of its own history: higher than 38% of past readings. Its usual P/E (the middle reading) is 64.0×, over 8.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹15.53.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.