1. TMH Alibaug expansion to 100 rooms - Shareholders approved the plan on 6 July 2026 to consolidate adjoining land parcels and expand The Mansion House, Alibaug, from 25 to up to 100 rooms under a management agreement with Hotel Kanakeshwar LLP. Management expects revenue growth from expanded services and new market penetration to contribute a 20% topline increase and control measures to achieve a 2-3% operating-margin improvement over the next two years.
2. InterContinental Marine Drive revenue momentum - Standalone revenue from the flagship hotel rose to ₹6,128 lakhs in FY26 from ₹5,643 lakhs in FY25, with capex on fixed assets and CWIP more than doubling to ₹1,111 lakhs. Sustained top-line growth at the asset that drives nearly all group earnings directly lifts consolidated profitability.
3. Graviss Catering turn to profit - Graviss Catering Private Limited swung from a loss in FY24 to a profit after tax of ₹82.42 lakhs on turnover of ₹83.9 lakhs in FY25. A new profit-contributing subsidiary adds a second, albeit small, earnings stream beyond the flagship hotel.
4. CEO Romil Ratra re-appointed for five years - Mr. Romil Ratra was re-appointed as Whole-time Director and CEO effective 1 March 2026, securing leadership continuity for the group’s hospitality operations. His three decades in the industry and track record across IHG, Marriott, and the turnaround of The St. Regis Mumbai anchor the execution of the current expansion plans.
5. Industry tailwind from leisure travel demand - Indian hospitality saw healthy occupancy and ADR growth in FY25, with foreign tourist arrivals reaching \~10.2 million, up 10% over 2023 and nearing pre-pandemic levels. Rising discretionary spend and government schemes like UDAN and Swadesh Darshan 2.0 widen the addressable market for premium rooms and F&B.