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Indian Hotels shares drop more than 1% after strong June quarter results
The company reported a 18.7% year-on-year rise in consolidated net profit to ₹390.81 crore for the quarter ended June 30, 2026, while revenue from operations increased to ₹2,339.19 crore.
The Indian Hotels Company, part of Tata Group, saw its shares fall more than 1% on the NSE during Wednesday trading despite posting strong results for the quarter ended June 30, 2026, according to LiveMint Markets.
Shares opened at ₹736, compared with a previous close of ₹731.60 on Tuesday, after the hospitality company posted an 18.7% year-on-year increase in consolidated net profit to ₹390.81 crore.
LiveMint Markets said revenue from operations climbed to ₹2,339.19 crore in the June quarter of FY27, up from ₹2,041.08 crore a year earlier. Total expenses rose to ₹1,886.04 crore from ₹1,662.35 crore, based on the company filing.
Indian Hotels CEO Puneet Chhatwal said in comments carried by PTI that the company has been navigating volatility tied to travel disruption, citing conditions that affected travel demand. He also pointed to specific performance drivers including 14% RevPAR growth in domestic like-for-like hotels, and growth in revenue of its businesses, management fee income, and contributions from recent acquisitions.