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1 GLOBAL CONFERENCE CALL Q2FY27 21st October, 2026 GROWTH IN ACTION, RESILIENCE BY DESIGN
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3 Taj Lake Palace, Udaipur Taj Falaknuma Palace, Hyderabad RECOGNIZED TWO YEARS IN A ROW Taj Mahal, New Delhi Taj Rishikesh Resort & Spa, Uttarakhand Taj Usha Kiran Palace, Gwalior Taj Mahal Tower, Mumbai Taj Mahal Palace, Mumbai Taj Nadesar Palace, Varanasi Taj Devi Ratn Resort & Spa, JaipurHotels with 1 Michelin key 9 Recognized Properties ONLY HOTEL BRAND IN INDIA WITH ‘3 MICHELIN KEY’ HOTELS (3 Michelin Keys) (3 Michelin Keys)
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4 QUARTER IN SUMMARY KEY HIGHLIGHTS Strong Performance Driven By Domestic Hotel Segment Demand (+28% Standalone RevPAR) Diversified Pipeline of 280 Hotels Across Brand & Contract Type Driving Resilience Upgrading Full Year Revenue Outlook To15-17% On Back Of Continued Momentum Select Service Business Achieving Milestones Strong NLFL Visibility With 50 Openings In FY27, Reaching 400 Operational Hotels In Q3 Asset Management Yielding Strong Results Across Key Assets Delivering High Growth, High Margin & High Profitability – AT SCALE 100 Operating Gingers 50 Tree of Life 400 amã Bungalows
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5 RECORD HOTEL SEGMENT PERFORMANCE ACCELERATED GROWTH Q2FY27 Record Performance +26% Operating Revenue +40% Operating EBITDA Standalone +25% Operating Revenue +30% Operating EBITDA Consol Hotel Segment Domestic Hotels Consol. RevPAR (₹/Night) 10,850 13,860 Q2FY26 Q2FY27 75% Occupancy 82% Occupancy ↑28% Growth YoY GAINING MARKET SHARE Standalone Statistics for Full Service Business (Excludes Gateway Calicut currently under renovation) Standalone RevPAR (₹/Night) 8,220 Q2FY26 ↑25% Growth YoY Note: Full Service Business excludes Ginger, ama and Tree of Life
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6 CONSOLIDATED HOTEL SEGMENT Q2 IHCL Consol. Financials & Growth YoY AIR CATERING REVENUE ₹ 2,566 Cr ↑ 21% ₹ 2,284 Cr ↑24% ₹ 285 Cr ↓ 1% EBITDA & MARGIN% ₹ 788 Cr ↑ 21% ₹ 735 Cr ↑ 26% ₹ 53 Cr ↓ 23% 30.7% 32.2% 18.4% OP . EBITDA & MARGIN% PAT & MARGIN% ₹ 349 Cr ↑ 23% OP . REVENUE ₹ 2,484 Cr ↑ 22% ₹ 2,204 Cr ↑25% ₹ 283 Cr ↓ 1% 28.4% 29.7% 17.8% ₹ 706 Cr ↑ 24% ₹ 655 Cr ↑ 30% ₹ 50 Cr ↓ 24% 13.6% STANDALONE ₹ 625 Cr ↑ 31% 43.4% ₹ 393 Cr ↑ 36% 38.9% ₹ 520 Cr ↑ 40% 27.2% ₹ 1,441 Cr ↑ 24% ₹ 1,336 Cr ↑ 26% Resilient growth continues in a volatile geopolitical environment Performance impacted by temporary softness in Air Traffic FINANCIALS FOR THE QUARTER 18TH CONSECUTIVE BEST EVER QUARTER
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7 IHCL CONSOL HOTEL SEGMENT Q2 FY27 STANDALONE Q2 FY27 Revenue ₹ Cr & Growth YoY * Atmantan revenue forms part of other operating Income w.e.f 16th Jan-26 156 247 686 1,115 Management Fees Other Operating Income* F&B Revenue Room Revenue +22% Operating Revenue 2,204 +25% Growth YoY 137 180 441 578 Management Fees Other Operating Income F&B Revenue Room Revenue Operating Revenue 1,336 +26% Growth YoY +20% +72% +25% +27% +20% +49% +16% BROAD-BASED GROWTH ACROSS REVENUE STREAMS
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8 1,233 1,433 1,826 2,041 2,484 294 355 501 570 706 23.9% 24.8% 27.5% 27.9% 28.4% Q2FY23 Q2FY24 Q2FY25 Q2FY26 Q2FY27 Op. Revenue Op. EBITDA Op. EBITDA Margin ~2x Op. Revenue Growth ₹1,233 Cr → ₹2,484 Cr +5 pp Margin Growth 23.9% → 28.4% %2.4x Op. EBITDA Growth ₹294 Cr → ₹706 Cr Predictable scale 5 consecutive years of revenue expansion Increasing profile of growth YoY growth ahead of the 5-year CAGR Margins Expansion YoY Despite consolidation of Taj SATS in Aug’24 (IHCL Consolidated) SUSTAINED STRENGTH REVENUE CAGR 19% | EBITDA CAGR 24%
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9 Growth Drivers Supporting H2FY27 Momentum Renovated Assets back in operation with high yield Acquisitions to fuel Not Like-For-Like growth Like-for-like TRevPAR growth momentum to continue 30+ Hotels Expected to Open in H2 YoY Growth ▲ 21% Consol. Hotel Revenues (₹ Crore) UPGRADING FULL-YEAR REVENUE GROWTH GUIDANCE 17-19% YoY Consol. Hotel Revenue| 15-17% YoY Total Revenue ▲ 17-19%
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10 PROVEN RESILIENCE WHILE ABSORBING MULTIPLE HEADWINDS +0.3 pp +1.1 pp +1.0 pp+1.1 pp +4.0 pp +4.0 pp Well Positioned To Navigate Volatile Business Environment Navigated geopolitical disruptions (West Asia War) Absorbed new hotel stabilization costs Continued investments in technology, brand & talent Integrated recent acquisitions Adapted to regulatory changes Hotel Segment Operating EBITDA Margin (%) 42.4 38.7 38.934.3 30.1 29.7 FY26 Q1FY27 Q2FY27 Standalone Consol. (Hotel segment) YoY Growth
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11 Mice & Trade Exhibitions Spiritual Tourism High-impact Events High Auspicious Dates Sporting Events ▲ Leisure Demand ▲ F&B and Banquet Demand▲ Leisure Demand 40 Auspicious Wedding Dates in H2FY27 ▲ Corporate travel Gujarat | Jan-27 Bengaluru | Feb-27 Delhi | Mar-27 Bengaluru | Jan-27 MULTIPLE DEMAND CATALYST IN PLACE 60+ Hotels in 50+Locations Presence across strong demand Locations Delhi | 2027 High Profile Concerts Diverse Demand Engines Support Continued Momentum
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12 Supply CAGR FY26 - 31 City Existing Supply (2025-26) Supply CAGR (2025/26 – 2030/31) Tier 1 91k rooms 5.2% Tier 2 & 3 118k rooms 12.0% Total 209k rooms 9.3% Tier 1 Cities to witness lowest supply addition CAGR compared to other categories ~60% of total new announced supply NOT in Top 20 cities Only 72% of total new announced supply in active development Strong Occupancies Across Tier 1 Cities Demand Expected To Outpace Supply In Near Term 5.8% Goa 9.6% Bengaluru 3.3% Mumbai 2.4% New Delhi 4.1% Chennai 3.0% Kolkata Data Source: Hotelivate Trends & Opportunities 2026 Indian Hospitality The Supply CAGRs mentioned above pertain to the active development pipeline Tier 1 cities: Bengaluru, Mumbai, New Delhi, Chennai, Hyderabad, Kolkata, Goa, Gurugram Tier 2 cities: 30 cities including Ahmedabad, Jaipur, Kochi, Chandigarh, Lucknow, Noida, Navi Mumbai WHILE SUPPLY GROWTH REMAINS CONSTRAINED IN KEY CITIES
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13 HOTEL SEGMENT
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14 A JOURNEY OF SCALE 400 HOTELS IN OPERATION AND GROWING 670 INCLUDING PIPELINE 2013 Taj City Centre, Gurugram 2025 Taj Gorbandh Palace, Jaisalmer Q3 (This Quarter) Coming Soon 1.5 years12 years110 years 200th HOTEL 100th HOTEL 400th HOTEL
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15 No of Hotels/Properties (Operating + Pipeline) as of 30th September 2026 151 4 66 63 55 20 254 55 2 400 47 H1-Signings 280 Hotels Pipeline 390 Operational Hotels 20 in H1 30 in H2 (Planned) Indias Largest Hospitality Network with a portfolio of 670 Hotels & 400 amã Bungalows FULL SERVICE BUSINESS SELECT SERVICE BUSINESS INDUSTRY LEADING PORTFOLIO CONTINUED MOMENTUM OF SIGNINGS | 50 OPENINGS IN FY27 Openings * Includes hotels under transition
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16 *Capital Light Lease means Revenue share leases where the capex is spent by Lessor and IHCL retains P&L net of Revenue share lease payments 31% 1% 7% 23%10%2% 26% PIPELINE 34,800+ KEYS PIPELINE BY BRAND ~28% share of Growth Brands 81% 6% 13% Managed Capital Light Lease* Owned / Leased PIPELINE BY CONTRACT TYPE PIPELINE 34,800+ KEYS Robust Opening Run Rate of 5,000+ Keys Annually >90% Pipeline Asset Light DIVERSIFIED PIPELINE ACROSS BRAND & CONTRACT TYPE
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17 ACROSS GEOGRAPHY (Hotel Segment)ACROSS BRANDS REVENUE MIX RESILIENT ACROSS BRANDS & GEOGRAPHY 69% 10% 12% 8% 2% 53% 13% 11% 23% UPPER UPSCALE Key Domestic Business Cities Key Domestic Leisure Destinations Other Domestic LocationsInternational NEW ADDITIONS IHCL Consol Op. Revenue H1FY27 4,824 Cr (+18%) IHCL Consol Hotel Op. Revenue H1FY27 4,249 Cr (+21%) 68% of Domestic Hotel revenues SELECT SERVICE BUSINESS (H1FY27) (H1FY27)
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18 Rounded off numbersAll data for LFL Hotels – Excluding New hotels opened after 1st April 2025 and hotels currently under renovation 8,220 14,500 7,600 2,850 ↑28% Growth YoY ↑21% Growth YoY ↑14% Growth YoY ↑25% Growth YoY Domestic Hotels DOMESTIC RevPAR BY BRAND (₹/Night) STRONG REVPAR GROWTH ACROSS ALL BRANDS LED BY TAJ (Q2FY27)
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19 12% 51% 9% 10% 19% 25% 16% Mumbai Delhi Bengaluru Chennai Kolkata, Hyderabad, Guwahati, Lucknow (Other Capital Cities) Rajasthan Goa 12% 44% 10% 4% 12% 27% 13% Mumbai Delhi Bengaluru Chennai Kolkata, Hyderabad, Guwahati, Lucknow (Other Capital Cities) Rajasthan Goa IHCL Consol. (Domestic) Hotel Revenue & Fee Income Growth YoY IHCL Enterprise (Domestic) Hotel Revenue Growth YoY Data excludes hotels opened after 1st April 2025 LFL REVENUE GROWTH ACROSS KEY DOMESTIC MARKETS Q2FY27
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20 MIDSCALE LEADERSHIP SCALING PROFITABLY 250+ Hotels* From Expansion to Scale FIRST BRAND IN INDIA TO HAVE 100 HOTELS IN OPERATION 100+ Brand core Operating under brand “Ginger” 60+ In Transition Under migration ₹ 193 Cr Q2 Consol Revenue 25% Growth YoY ~40% EBITDAR Margin GINGER CONSOLIDATED GINGER MUMBAI AIRPORT ₹ 27 Cr Q2 Revenue 12% Growth YoY ~55% EBITDAR Margin ON TRACK TO ACHIEVE THE MILESTONE OF 150 GINGER BRANDED OPERATIONAL HOTELS BY END OF FY27 * Includes hotels under transition; EBITDAR = EBITDA before rent expense
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21 Amã (# Bungalows) Tree of Life (# Resorts) Mar'20 Year 1 Sep'26 FY25 Year 1 Sep'26 Pipeline 205 Operational 195 20 400 16 55 Pipeline 23 Operational 32 Mar'20 Year 1 Sep'26 FY25 Year 1 Sep'26 Operational Pipeline ~₹60 Cr H1 Enterprise Revenue ▲ 67% Growth YoY ~₹150 Cr Expected Enterprise Revenue for FY27 EXPANDING OUR EXPERIENTIAL HOSPITALITY FOOTPRINT
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22 1,500 4,800 14,600 16,000 Sep'25 Sep'26 Full Service Select Service 125 156 Q2FY26 Q2FY27 MANAGEMENT FEE (IHCL Consol) ₹/ Crs NET UNIT GROWTH No. of Managed Hotel Rooms Management fee growth momentum expected to continue with strong Not Like for Like growth Net Unit Growth denotes operational Inventory, Select service business includes keys for Ginger & Tree of Life# Management Fee includes Brand fee for Branded Residences Projects MANAGEMENT FEE GROWTH BACKED BY NEW OPENINGS MOMENTUM
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23 BEYOND HOTELS MONETIZING BRAND EQUITY Taj Wellington Mews Al Marjan – Ras Al Khaimah Taj Hotels & Branded Residences, Chennai Taj Mount Kusur Resort and Villas, Lonavala Taj Hotel & Branded Residences, Noida Branded Residence and Villas “INDIA AMONGST WORLD’S TOP 10 BRANDED RESIDENCES MARKETS BY PIPELINE” (Source: Savillis Branded Residences APAC Report 2026)
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24 NEW ACQUISITIONS PERFORMANCE ON TRACK ~60 Cr 01 Operational 01 Pipeline Open in Oct’26 10 Operational* 10 Pipeline H1FY27 Revenue ~15% Consol Revenue Growth YoY BRIJ RAMA PALACE, VARANASI BRIJ TARA, RANTHAMBORE Awarded as amongst best hotels in Asia, as voted for in the 2026 Readers’ Choice Awards * Operational as of 30th September 2026
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25 Driving Pricing Power in Key Cities Large MICE events to continue to lead demand for H2FY27 ROOM REVENUE +85% Growth YoY TOTAL REVENUE +65% Growth YoY 15 KEYS Completed Oct-25 ROOM REVENUE +22% Growth YoY TOTAL REVENUE +30% Growth YoY ROOM REVENUE +40% Growth YoY TOTAL REVENUE +37% Growth YoY ROOM REVENUE +34% Growth YoY TOTAL REVENUE +26% Growth YoY ROOM REVENUE +24% Growth YoY TOTAL REVENUE +15% Growth YoY RENOVATED ASSETS DELIVERING STRONG GROWTH H1FY27 Taj Palace, New Delhi Taj Fort Aguada Resort & Spa, Goa Taj Lake Palace, Udaipur Taj West End, Bengaluru President, IHCL SeleQtions
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26 STRATEGIC ASSET UPGRADES EXECUTION UNDERWAY COMPLETION IN FY28 Blue Diamond | Pune Taj Mahal | Lucknow Gateway | Calicut 83 Keys (Full Upgrade & Brand Migration) 96 Keys (Expansion) 75 Keys (Full Upgrade) Actual Site Images
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27 ACTIVE ASSET ENHANCEMENT CREATING NEW MOATS Under Full Renovation at Taj Lands End Mumbai Coming soon at Taj Mahal Palace & Towers Mumbai Coming soon at Taj Mahal Palace & Towers Mumbai Render ImageRender ImageRender Image
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28 Taj Hessischer Hof, FrankfurtTaj Palace, Lucknow 11 Locations, Stronger Global Positioning THE CHAMBERS TWO ICONIC NEW ADDRESSES
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29 ₹ /crores WELL POSITIONED TO INVEST FOR GROWTH WITH ₹ 4,350 CR+ CASH AAA (Highest slab) Credit Rating Upgrade by CARE & ICRA AA+ Free Cash Flow ₹ 517 crores
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30 Opening Schedule is indicative and may change in future. Render Images ~450 Keys ~100 Keys286 Keys~300 Keys 100 Keys ~300 Keys ~278 Keys Taj at Guwahati (Land secured, Approval & Design stage) Taj at Ranchi (Early works in progress) Ginger Goa – MOPA Airport (2028) Taj Bandstand (Excavation completed) (2030) Taj at Shiroda (Design work initiated) (2029) Gateway Bengaluru (2028) Taj Pushpabanta Palace, Agartala (Tendering in progress) (2029) ROBUST PIPELINE OF 2,000+ KEYS ON BALANCE SHEET 183 Keys Lakshadweep (Mock up under execution) (2029) ~278 Keys OTHERS (Kaziranga, Aguada Plateau & 2 new projects under finalisation)
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31 Deal ImpactOHL Portfolio | 7 Hotels – 825 Keys Share Swap Ratio 25 IHCL shares for every 117 OHL shares held Taj Coromandel, Chennai Taj Fisherman’s Cove, ChennaiVivanta Coimbatore Taj Malabar, Kochi Gateway Madurai Vivanta Mangalore Gateway Coonoor STRENGTHENING IHCL PRESENCE ACROSS SOUTHERN INDIA Iconic Assets Asset management opportunity 3 Freehold Properties UNLOCKS OPERATIONAL SYNERGIES, EXPANDS DIRECT ASSET OWNERSHIP, AND ACCELERATES LONG-TERM EARNINGS GROWTH Transaction Status: Merger Scheme filed with the Stock Exchanges Note: The above map pertains to the southern part of India. The geographic representation is indicative in nature and may notaccurately reflect scale, distance, or boundaries. Land bank available for development To drive 6-7% Operating Revenue & EBITDA increase in standalone financials for FY28 (Appointed Date: 1st April 2027) Transaction Structure & Update STRATEGIC TRANSACTION ANNOUNCED DURING THE QUARTER
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32 7 IHCL Hotels In The Top 20 Rambagh Palace Jaipur Taj Palace New Delhi Umaid Bhawan Palace Jodhpur The Taj Mahal Palace Mumbai Taj Lake Palace Udaipur Taj Falaknuma Palace Hyderabad BrijRama Palace Varanasi Iconic Palaces City Landmarks New Brij Acquisition Recognised by guests BEST HOTELS IN ASIA & THE INDIAN SUBCONTINENT CONDÉ NAST TRAVELLER READERS’ CHOICE AWARDS 2026
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33 ANNEXURES
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34 TATA NEU ENHANCING CUSTOMER LOYALTY – H1 POINTS EARNING REVENUE ₹ 1,680 Crore 54% Growth YoY Loyalty Points earning Revenue contribution to Enterprise 28% 600 bps Growth yoy Total Members 22 Mn. TATA NEU APP REVENUE ₹ 192 Crore +32% Growth vs. PY 1.8x In 1 year
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35 PAATHYA DOING BUSINESS THE RESPONSIBLE WAY PROGRESS AS OF 30th SEPT, 2026 119 hotels have Organic Waste Composter, 92 hotels have bottling plants to eliminate use of single-use plastic bottles 54% water recycled 41% Renewable energy 361 EV charging stations across 170 locations in India Waste 100% operating hotels will have an organic waste management system Water 100% water recycling Energy 50% energy use to be from renewables 100% Eligible hotels to provide EV charging stations 2030 Goals Skilling 100,000+ Youth Empower the Livelihood 56,000+ Youth Empowered since 2020
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36 Transient & Leisure 67% Corporate 9% MICE 20% Long Stay 3% Crew 2% Hotel Reservation (HRO) 42% Central Reservation (Call Centre) 10% Global Distribution System 5% Alternate Distribution System (Online Travel Agents/ADS) 22% Website 21% Data for IHCL Domestic Enterprise hotels (Full Service Brands excluding Brij & Atmantan) 250 bps increase from PY ROOM REVENUE CUSTOMER SEGMENTS & CHANNEL MIX H1FY27
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37 Raw Material Costs as % of F & B Revenue Payroll Costs as % of Operating Revenue Other Expenditure as % of Operating Revenue 22.3% 21.2% Q2 FY26 Q2 FY27 25.6% 25.7% Q2 FY26 Q2 FY27 29.7% 28.5% Q2 FY26 Q2 FY27 Fuel & Power Costs as % of Operating Revenue 4.7% 4.5% Q2 FY26 Q2 FY27 License Fees as % of Operating Revenue 4.1% 5.0% Q2 FY26 Q2 FY27 128 146 522 628 82 99 72 109 450 567 Expense ₹ Cr OPERATIONAL EFFICIENCIES SUSTAINED MARGIN FOR CONSOL HOTEL SEGMENT • Payroll: Up 12% vs PY, after adjusting for new hotels • License Fees: Higher revenue at licensed hotels, and GST 2.0 impact on leased Ginger hotels
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38 CONSOLIDATED P&L Q2 & H1FY26 ₹ /crores PARTICULARS Q2 FY26 Q2 FY27 Var. vs FY26 H1 FY26 H1 FY27 Var. vs FY26 Revenue from Operations 2,041 2,484 22% 4,082 4,824 18% Non- Operating Revenue 83 82 -2% 144 162 12% Total Revenue 2,124 2,566 21% 4,226 4,986 18% Total Expenditure 1,471 1,779 21% 2,936 3,445 17% Operating EBITDA 570 706 24% 1,146 1,378 20% Operating EBITDA Margin % 27.9% 28.4% +0.5 pp 28.1% 28.6% +0.5 pp EBITDA 653 788 21% 1,291 1,541 19% EBITDA Margin % 30.8% 30.7% -0.1 pp 30.5% 30.9% +0.4 pp Depreciation and Amortization Expense* 145 174 20% 287 337 17% Finance Costs 56 65 16% 111 122 10% Profit/ (Loss) Before Tax & Exceptional Items 453 549 21% 893 1,082 21% Exceptional Items - (4) - - (4) - Profit/(Loss) Before Tax 453 545 20% 893 1,078 21% Share of Associates & JV & Minority Interest in Sub. (31) (30) 3% (54) (63) -17% Profit/(Loss) After Tax 285 349 23% 581 707 22%
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39 STANDALONE P&L Q2 & H1FY26 PARTICULARS Q2 FY26 Q2 FY27 Var. vs FY26 H1 FY26 H1 FY27 Var. vs FY26 Revenue from Operations 1,060 1,336 26% 2,105 2,568 22% Non- Operating Revenue 105 105 - 160 171 7% Total Revenue 1,166 1,441 24% 2,265 2,739 21% Total Expenditure 690 816 18% 1,372 1,572 15% Operating EBITDA 370 520 40% 733 996 36% Operating EBITDA Margin % 34.9% 38.9% +4.0 pp 34.8% 38.8% +4.0 pp EBITDA 476 625 31% 893 1,167 31% EBITDA Margin % 40.8% 43.4% +2.5 pp 39.4% 42.6% +3.2 pp Depreciation and Amortization Expense* 67 70 4% 134 140 4% Finance Costs 25 25 - 50 50 - Profit/ (Loss) Before Tax & Exceptional Items 384 530 38% 710 978 38% Exceptional Items - (9) - - (9) - Profit/(Loss) Before Tax 384 521 36% 710 969 36% Profit/(Loss) After Tax 289 393 36% 534 730 37% ₹ /crores
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40 ₹ /crores Legal Entities Op. REVENUE Op. EBITDA Op. EBITDA MARGIN H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 UOH Inc. – USA 435 476 15 12 3.5% 2.5% St. James Court - UK 347 375 106 101 30.6% 27.0% PIEM Hotels Ltd. 266 289 57 63 21.3% 21.8% Roots Corporation Ltd 260 298 75 84 29.0% 28.2% Benares Hotels Ltd. 49 65 18 23 37.3% 34.7% ₹ /crores KEY LEGAL ENTITIES
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41 IHCL CONSOLIDATED BALANCE SHEETAS AT SEPTEMBER 30, 2026 PARTICULARS March 2026 September 2026 Non Current Assets Fixed Assets 9,590 9,806 Right to use Assets 2,286 2,804 Goodwill 1,122 1,333 Investments 1,107 1,345 Other Non Current Assets 617 755 Cash & Cash Equivalents 4,345 4,369 Current Assets (Excl. Cash) 1,230 1,483 Total Assets 20,297 21,895 Equity Equity Share Capital 142 142 Other Equity 12,910 13,498 Minority Interest 1,887 2,123 Long Term Liabilities Total Borrowings 51 116 Lease Liability 2,785 3,355 Other Long Term Liabilities 372 353 Current Liabilities 2,150 2,308 Total Equity & Liabilities 20,297 21,895 ₹ /crores
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42 OPERATIONAL Owned (Standalone & Subsidiary) JV / Associates Managed Contracts & Distribution Arrangements Total Operational By Brand Hotels Keys Hotels Keys Hotels Keys Hotels Keys Taj 30 5,124 13 1,185 52 7,540 95 13,849 Claridges Collection 2 257 1 122 3 379 Gateway 3 211 4 154 7 783 14 1,148 SeleQtions 5 613 35 2,717 40 3,330 Vivanta 5 824 3 384 25 3,086 33 4,294 Brij 9 107 1 12 10 119 Atmantan 1 97 1 97 Ginger1 67 5,954 95 4,412 162 10,366 Tree of Life 14 212 18 419 32 631 Total 136 13,399 20 1,723 234 19,091 390 34,213 OPERATIONAL INVENTORY 1. Includes hotels under migration to Ginger brand As on for 30th September
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43 PIPELINE Owned (Standalone & Subsidiary) Managed Total Pipeline By Brand Hotels Keys Hotels Keys Hotels Keys Taj 6 1,200 50 9,600 56 10,800 Claridges Collection 1 100 1 100 Gateway 1 400 48 7,550 49 7,950 SeleQtions 2 200 24 2,150 26 2,350 Vivanta 22 3,350 22 3,350 Brij 9 150 1 100 10 250 Atmantan 1 100 1 100 Ginger 42 4,500 50 4600 92 9,100 Tree of Life 6 200 17 600 23 800 Total 66 6,650 214 28,150 280 34,800 As on for 30th September SIGNED INVENTORY
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44 Sl No Name Brand Ownership Keys 1 Taj Palace, Lucknow Taj Management Contracts 181 2 Taj Tadoba Resort & Spa, Nagpur Taj Management Contracts 35 3 Corbett Hideaway, Jim Corbett - IHCL SeleQtions SeleQtions Management Contracts 80 4 Vivanta Gurugram Sector 95A Vivanta Management Contracts 160 5 Ginger Goa Arpora Ginger Management Contracts 77 6 Ginger Jorhat Ginger Subsidiary 78 7 Ginger Guwahati, Aerocity Ginger Management Contracts 32 8 Tree of Life Hartola Tree of Life Subsidiary 31 9 Tree of Life Botanique Goa Tree of Life Subsidiary 6 Total 9 Hotels | 680 Keys HOTELS OPENED IN Q2
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45 Opening Schedule is indicative and may change in future NEW HOTEL OPENINGS IN FY27 By Brand Operational in H1 Expected to be operational in H2 Total Hotels Keys Hotels Keys Hotels Keys Taj 4 348 5 700 9 1048 Gateway 1 93 2 300 3 393 SeleQtions 3 281 6 500 9 781 Vivanta 1 160 3 800 4 960 Brij 1 20 1 20 Ginger 9 461 7 900 16 1361 Tree of Life 2 37 6 350 8 387 Total 20 ~1,400 30+ ~3,600 50+ ~5,000 Owned/Leased 5 Hotels | 355 Keys 5 Hotels | ~450 Keys 10 Hotels | ~800 Keys Managed 15 Hotels | 1025 Keys 25 Hotels | ~3150 Keys 40 Hotels | ~4200 Keys
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46 DISCLAIMER These presentations may contain forward-looking statements within the meaning of applicable securities laws. Similarly, statements that describe our business strategy,outlook, objectives, plans, intentions or goals also are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties and other factors that may cause actual results to differ materially from those anticipated at the time the forward-looking statements are made. Future results, performance and achievements may be affected by general economic conditions, regulatory environment, business and financing conditions, foreign exchange fluctuations, cyclicality and operating risks associated with the hospitality industry and other circumstances and uncertainties. Although we believe the expectations reflected in such forward looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Please visit our corporate website www.ihcltata.com for previous investor communications.
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47 GLOBAL CONFERENCE CALL Q2FY27 21st October, 2026 GROWTH IN ACTION, RESILIENCE BY DESIGN