INDHOTEL

July 21, 2026 The Secretary, Listing Department The Manager, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai 400 051 Scrip Code: 500850 Scrip Code: INDHOTEL Sub: Analyst / Investor Presentation Dear Madam, Sir, Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Analysts/Investors meet presentation to be made to Analysts/Investors on the Un-audited (Reviewed) Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026 at the IHCL Global Conference Call to be held today. The above information is also being made available on the Company’s website at https://www.ihcltata.com/. This is for your information and records. Yours Sincerely, For The Indian Hotels Company Limited Melisa Alva Senior Vice President & Company Secretary Mem No: A34774 Place: Mumbai DIVERSIFIED BY DESIGN, BUILT TO COMPOUND GLOBAL CONFERENCE CALL Q1FY27 21st July 2026 1 17th CONSECUTIVE BEST EVER QUARTER CONSISTENT GROWTH IN REVENUES ENTERPRISE REVENUE (₹ Cr) CONSOL REVENUE (₹ Cr) CAGR CAGR 16% 17% Growth Growth 14% 15% 2,419 Strong Momentum 4,100 2,102 Across Enterprise & 3,590 Consolidated Business 2,920 2,770 1,596 1,516 backed by Balanced 2,260 1,293 Business Model & Strong Brandscape Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 3 CONVERTING REVENUE TO EBITDA & PAT CONSOL EBITDA (₹ Cr) CONSOL PAT (₹ Cr) CAGR CAGR 17% 20% Growth Growth 18% 21% 753 358 Strong Revenue 296 637 248 Growth Converting 222 into Superior 496 170 459 Earnings backed by 405 Execution Excellence Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 4 GROWING ACROSS ALL HOTEL SEGMENT METRICES CONSOL HOTEL REVENUE (₹ Cr) CONSOL TREVPAR (₹ / Night) CONSOL REVPAR (₹ / Night) CAGR CAGR 13% 9% CAGR 10% Growth Growth 12% Growth 17% 14% 15,800 13,800 8,400 2,119 12,600 12,600 7,300 1,812 6,600 6,700 10,900 1,596 5,700 1,516 1,293 Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 Q1FY23 Q1FY24 Q1FY25 Q1FY26 Q1FY27 Revenue CAGR higher than TRevPAR CAGR , demonstrating power of IHCL’s Expansion strategy Statistical data for 64 domestic Consol comparable hotels from Q1FY23 to Q1FY27 5 FINANCIALS FOR THE QUARTER WITH SEGMENT PERFORMANCE Q1 IHCL Consol. EBITDA & OP. EBITDA & PAT & Financials REVENUE OP. REVENUE MARGIN% MARGIN% MARGIN% & Growth YoY ₹ 2,419 Cr ₹ 753 Cr ₹ 2,339 Cr ₹ 673 Cr ₹ 358 Cr CONSOLIDATED ↑ 15% ↑ 18% ↑ 15% ↑ 17% ↑ 21% 31.1% 28.8% 14.8% ₹ 1,298 Cr ₹ 542 Cr ₹ 1,232 Cr ₹ 477 Cr ₹ 337 Cr STANDALONE ↑ 18% ↑ 30% ↑ 18% ↑ 31% ↑ 38% 41.8% 38.7% 26.0% ₹ 2,121 Cr ₹ 691 Cr ₹ 2,045 Cr ₹ 615 Cr Strong Growth HOTEL SEGMENT ↑17% ↑ 21% ↑17% ↑ 21% Momentum continues despite geopolitical impact 32.6% 30.1% ₹ 300 Cr ₹ 62 Cr ₹ 296 Cr ₹ 57 Cr ↑ 3% ↓ 10% ↑ 3% ↓ 13% Performance AIR CATERING impacted by weak air traffic 20.6% 19.5% 6 Resilient Renovated 60+ Hotels to ~ ₹ 250 Cr Domestic Demand Inventory open in FY27 Revenue Limited Supply in to create Upside ( ~800 Leased Keys & from new Acquisitions Key Cities ~4,200 Managed Keys) 7 FY27 CONFIDENT ON DELIVERING DOUBLE DIGIT GROWTH MULTIPLE MICE EVENTS 40+ Auspicious BRICS INDIA 2026 VIBRANT GUJARAT GLOBAL AERO INDIA 2027 Wedding Dates in New Delhi | Sep-26 SUMMIT 2027 Bengaluru | Feb-27 remaining 9 months (Multiple meetings in Q2) Gujarat | Jan-27 Q1 Growth Momentum to continue in Q2 QUARTER IN SUMMARY KEY HIGHLIGHTS TEMPORARY HEADWINDS 1 2 3 4 West Asia Conflict Airline STRONG RENOVATED NOT LIKE FOR RECENT Higher Capacity DOMESTIC ASSETS LIKE GROWTH ACQUISITIONS Fuel cost Reduction DEMAND PRICING POWER MOMENTUM PERFORMING DRIVING REVPAR WELL GROWTH Diversified Earning Engines offsetting Localised Headwinds One off Launch & Initial costs ~ ₹ 12 Cr related to New Asset in Frankfurt & New Kitchen in Noida 8 Demand REVPAR GROWTH ACROSS ALL BRANDS STRONG DOMESTIC DEMAND DOMESTIC BY BRAND STANDALONE RevPAR (₹/Night) RevPAR (₹/Night) ↑14% Growth YoY ↑14% Growth YoY ↑14% 12,900 ↑16% Growth YoY Growth YoY 11,800 ↑12% 7,250 7,500 Growth YoY 10,350 2,900 Q1FY26 Q1FY27 Domestic 76% 82% Hotels Occupancy Occupancy Standalone Statistics include Ginger Mumbai Airport in both years on Data for Domestic Consol LFL Hotels comparable basis All data for LFL Hotels – Excluding New hotels opened after 1st April 2025 and assets under major renovation CY & PY Rounded off numbers 9 Key Renovations ASSET MANAGEMENT DRIVING GROWTH 300+ RENOVATED KEYS ROOM REVENUE ROOM REVENUE ROOM REVENUE +32% +45% Growth YoY Growth YoY +24% Growth YoY TOTAL REVENUE TOTAL REVENUE TOTAL REVENUE +24% +42% Growth YoY Growth YoY +9% Growth YoY 15 KEYS Completed Oct-25 ROOM REVENUE ROOM REVENUE +28% +24% Growth YoY Driving Pricing Power in Key Cities Growth YoY Momentum Continuing in Q2 TOTAL REVENUE TOTAL REVENUE +25% Growth YoY +40% Growth YoY Q1FY27 Performance 10 Opened in Mar-26 100 NEW KEYS AT Not Like for Like Growth TAJ GANGES VARANASI Q1 Turnover ₹ 30 Cr 44% Growth YoY EBITDA MARGIN 40% New Tower PBT Positive from 1st Quarter Above data is for Taj Ganges, Varanasi (230 keys post Expansion) 11 Opened in Jun-26 New Openings (Leased Property on Balance Sheet) TAJ HESSISCHER HOF, FRANKFURT (126 KEYS) 12 Leased Portfolio INDUSTRY LEADING PORTFOLIO CONTINUED MOMENTUM OF SIGNINGS & OPENINGS 20 11 Signings Openings 150 4 2 22 56 55 54 262 41 382 No of Hotels/Properties (Operating + Pipeline) 13 382 Operational Hotels 263+ Pipeline Hotels Indias Largest Hospitality Network with a portfolio of 645+ Hotels & 382 ama Bungalows #005392 #002A49 FULL SERVICE BUSINESS SELECT SERVICE BUSINESS (CORE BRANDS) (GROWTH BRANDS) ‘TAJ’ Reaches a milestone of 150 Hotels Portfolio Pipeline LONG-TERM GROWTH UNDERPINNED BY STRONG DEVELOPMENT PIPELINE 263 HOTELS ~32,500 KEYS PIPELINE BY BRAND PIPELINE BY CONTRACT TYPE Managed 26,000 Keys 33% 81% 30% share of 28% PIPELINE PIPELINE Growth Brands 32,500+ Capital Light Lease* 32,500+ 1% 4,300 keys 13% KEYS KEYS 5% 7% 10% 21% 2% Owned / Leased 2,200 Keys) *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 14 Not Like for Like Fee Growth MANAGEMENT FEE GROWTH BACKED BY NEW OPENINGS MOMENTUM MANAGEMENT FEE NET UNIT GROWTH (IHCL Consol) No. of Managed Hotel Rooms ₹/ Crs 168 133 15,500 13,400 Full Service 4,700 Select Service 1,500 Q1FY26 Q1FY27 Jun'25 Jun'26 Management fee growth expected to continue at high teens CAGR with strong Not Like for Like growth # Management Fee includes Brand fee for Branded Residences Projects Net Unit Growth denotes operational Inventory, Select service business includes keys for Ginger & Tree of Life 15 Strong Not Like for Like Growth GROWTH BRANDS ACCELERATED EXPANSION, HIGH GROWTH ₹ 183 Cr Operating 260+ Operating 23 165+ Hotels Consol Hotel Revenue Hotels 20% Growth YoY Hotels Midscale Segment Leadership Pipeline 39% Pipeline 95+ Hotels 18 EBITDAR Hotels 6 Hotels Opened (Q1) Operating 196 5 Ginger Hyderabad, Hotels Signed (Q1) Properties Genome Valley (Leased Hotel Opened in Q1FY27) Pipeline ANK / PRIDE Integration 186 45+ Addendums Properties Closed Portfolio includes hotels under Brand Conversion discussions 16 Not Like for Like Acquisitions NEW ACQUISITIONS SET FOR MEANINGFUL CONTRIBUTION 11 11 Portfolio of 2 Properties Operational Hotels in Pipeline Brij Sindhudurg (Opening this year) EPnrtoefroprrmisae RReevveennuuee QQ11 EnCtoenrpsorils Re eRveevneuneu Qe 1Q1 11 Cr 42% 19 Cr 19% Growth YoY Growth YoY 4 Leased Hotels to open in FY27cc 4 NLeeaws eWde Hllonteeslss Rtoe soopret nS iignn FeYd2 i7nc c 4 Hotels to open in FY27 Hyderabad (Managed Property) Transaction completed on 21-Apr ’26 Brij Ranthambore Expected to open in 2029 (Opening this year) Revenue contribution to IHCL Consol Revenue for part period is ₹ 8 Cr Render Images 17 WELL POSITIONED TO INVEST FOR GROWTH WITH ₹ 4,400 CR+ CASH ₹ /crores 51 267 (1) 3 4,439 4,345 (226) Free Cash Flow : ₹ 91 crores Gross Cash Cash from Ops. Other Income Finance Cost Capex Net Investment Gross Cash March 2026 & Others June 2026 18 INVESTING IN OUR ASSETS KEY ONGOING BROWNFIELD PROJECTS Blue Diamond, Pune Taj Lucknow Gateway, Calicut (Full Upgrade & Brand Migration) (Expansion) (Full Upgrade) 75 Keys under renovation 110 keys renovation in Phases 96 Keys addition (2028) (2028) (2028) Estimated Capex spend of ₹ 300+ Cr for above renovations Render Images 19 INVESTING IN OUR ASSET ACROSS KEY GATEWAY LOCATIONS London Frankfurt San FranciscoNew York Indian Sub-Continent Dubai (Sri Lanka/Nepal/Bhutan) Maldives St. James Court, London South Africa The Pierre, Upgradation of Facilities New York International Portfolio Performance improved substantially (Full Year FY26*) • Portfolio of 1,000+ Owned Luxury hotel Keys across 5 Global Gateway cities & FY25 FY26 ~2,000 Managed Keys in Dubai, Maldives, South Africa & Indian Sub-continent +14% ₹ Cr 1,725 • City Centre Locations with High Entry Barriers 1,512 +23% • Strategically positioned to capture Indian Outbound & Diaspora travel demand 202 250 Invested $ 30+ Mn over FY25 - FY26 to strengthen Key Assets Globally Revenue EBITDA *Includes Fee from Managed International Hotels 20 ASSET MANAGEMENT STRENGHTHENING F&B CONCEPTS Coming soon at Coming soon at Under Full Renovation at Taj Mahal Palace & Towers Taj Mahal Palace & Towers Taj Lands End Mumbai Mumbai Mumbai 21 ROBUST PIPELINE OF 2,000+ KEYS ON BALANCE SHEET Taj Suheli & Taj Kadmat Taj Pushpabanta Taj Bandstand Taj at Shiroda Gateway Bengaluru at Lakshadweep Palace, Agartala (95% Excavation completed) (Approvals at Final Stages) (2028) (Approvals received) (2029) ~450 Keys 183 Keys ~300 Keys 286 Keys ~100 Keys Taj Hathikuli, Gateway at Taj at Ranchi Ginger Goa – MOPA Kaziranga Taj at Guwahati Aguada Plateau (Approvals & Airport (Approval & Design stage) Design stage) (FY28) (Approvals & Design stage) (Approvals in progress) 80 Keys 100 Keys ~110 Keys ~300 Keys ~278 Keys Opening Schedule is indicative and may change in future. Render Images 22 KEY ENABLER : TATA NEU STRENGTHENING ENGAGEMENT & LOYALTY STRATEGIC ALLIANCE WITH ONEWORLD Points Earning Revenue Tata Neu App Revenue ₹ 875 Crore ₹ 99 Crore 61% Growth YoY +32% Growth YoY 01 15 240 Mn Group Airline Partner Airlines Reach Alliance Loyalty Points earning Revenue 1.7x contribution to Enterprise 1 Extend Global Footprint & 2 Unlock Global & Local Demand 19 Mn In 1 year Increase Brand Visibility Attract High Value & Frequent 30% Travelers 800 bps Growth YoY Total Members Customer Leveraging 3 4 Acquisition​ oneworld CRM 23 PAATHYA DOING BUSINESS THE RESPONSIBLE WAY Q1 FY27 UPDATE Waste 115 hotels have Organic Waste Composter, 88 100% operating hotels will have an hotels have bottling plants to eliminate use of organic waste management system single-use plastic bottles 54% Water water recycled 100% water recycling Energy 41% 50% energy use to be Renewable energy from renewables 350 EV All hotels to provide charging stations across 170 locations in India EV charging stations 24 2030 Goals Skilling 55,000+ 100,000+ Youth Empower the Livelihood Youth Empowered since 2020 Revenue ₹ Cr & Growth YoY DIVERSIFIED REVENUE STREAMS HOTEL SEGMENT IHCL CONSOL Q1 FY27 STANDALONE Q1 FY27 Room Room 994 +13% 513 +16% Revenue Revenue F&B F&B 642 +6% 392 +9% Revenue Revenue Other Other Operating 240 +71% Operating 177 +49% Operating Operating Income* Income* Revenue Revenue 2,045 1,232 Management 168 +26% 17% Growth YoY Management 150 +20% 18% Growth YoY Fees Fees Growth YoY * Atmantan revenue forms part of other operating Income w.e.f 16th Jan-26 26 LFL REVENUE GROWTH ACROSS KEY DOMESTIC MARKETS Q1FY27 29% 27% IHCL Consol. (Domestic) 12% 13% 12% 7% 6% Hotel Revenue & Fee Income Growth YoY Mumbai Delhi Bengaluru Chennai Kolkata, Hyderabad, Rajasthan Goa Guwahati, Lucknow (Other Capital Cities) 23% 19% IHCL Enterprise 17% (Domestic) 11% 10% Hotel Revenue 4% 3% Growth YoY Mumbai Delhi Bengaluru Chennai Kolkata, Hyderabad, Rajasthan Goa Guwahati, Lucknow (Other Capital Cities) Data excludes hotels opened after 1st April 2025 27 OPERATIONAL EFFICIENCIES SUSTAINED MARGIN FOR CONSOL HOTEL SEGMENT Expense ₹ Cr Payroll Costs Fuel & Power Costs Raw Material Costs as % of Operating Revenue as % of Operating Revenue as % of F & B Revenue 22% 30% 29% 21% 5% 5% 125 142 531 592 84 93 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Other Expenditure License Fees as % of Operating Revenue • RMC % cost impacted due to lower as % of Operating Revenue Banquet Business 25% 25% • PNG/Diesel cost increased by ₹ 3 cr 4% 4% due to rate increases, offset by savings through multiple initiatives 68 85 437 518 • License Fees - Contract Renewals & Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Business mix 28 ROOM REVENUE CUSTOMER SEGMENTS & CHANNEL MIX Q1FY27 340 bps increase from PY Crew 1% Website Long Stay 21% 3% Hotel MICE Reservation 18% (HRO) 40% Transient & Alternate Leisure Distribution System 69% (Online Travel Agents/ADS) Corporate 23% 9% Global Distribution Central Reservation System (Call Centre) 5% 11% Data for IHCL Enterprise hotels (Core domestic Brands excluding Brij, Atmantan & Growth Business) 29 CONSOLIDATED P&L Q1 FY27 PARTICULARS (₹ CR) Q1 FY26 Q1 FY27 Var. vs FY26 Revenue from Operations 2,041 2,339 15% Non Operating Revenue 61 80 31% Total Revenue 2,102 2,419 15% Total Expenditure 1,465 1,666 14% Operating EBITDA 576 673 17% Operating EBITDA Margin % 28.2% 28.8% +0.5 pp EBITDA 637 753 18% EBITDA Margin % 30.3% 31.1% +0.8 pp Depreciation Expense 143 163 14% Finance Costs 55 57 4% Profit/(Loss) Before Tax 440 533 21% Profit/(Loss) After Tax 319 391 22% Share of Associates & JV & Minority Interest (23) (33) - Profit/(Loss) After Tax 296 358 21% 31 STANDALONE REPORTED P&L Q1 FY27 Particulars (₹ Cr) Q1 FY26 Q1 FY27 Var. vs FY26 Revenue from Operations 1,045 1,232 18% Non- Operating Revenue 55 66 20% Total Revenue 1,099 1,298 18% Total Expenditure 682 755 11% Operating EBITDA 363 477 31% Operating EBITDA Margin% 34.7% 38.7% +4.0 pp EBITDA 417 542 30% EBITDA Margin% 38.0% 41.8% +3.8 pp Depreciation and Amortization Expense 67 70 5% Finance Costs 25 25 1% Profit/ (Loss) Before Tax 326 448 37% Profit/(Loss) After Tax 245 337 38% PAT Margin 22.2% 26.0% +3.8 pp 32 ₹ /crores KEY LEGAL ENTITIES ₹ /crores REVENUE EBITDA EBITDA MARGIN Legal Entities Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 UOH Inc. - USA 236 246 19 19 7.8% 7.7% St James Court, London 163 165 48 36 29.2% 22.0% PIEM Hotels Ltd. 140 151 34 38 24.7% 24.9% Benares Hotels Ltd. 27 35 12 14 44.1% 39.3% *UK Performance impacted by ongoing renovations & Impact on travel due to geopolitical conflicts 33 OPERATIONAL INVENTORY Owned Managed Contracts & OPERATIONAL JV / Associates Total Operational (Standalone & Subsidiary) Distribution Arrangements By Brand Hotels Keys Hotels Keys Hotels Keys Hotels Keys Taj 30 5,124 13 1,185 50 7324 93 13,633 Claridges Collection 2 257 1 122 3 379 Gateway 3 211 4 154 7 783 14 1,148 SeleQtions 5 613 34 2637 39 3,250 Vivanta 5 824 3 384 24 2926 32 4,134 Ginger 67 5,926 99 4484 166 10,410 Tree of Life 11 180 12 243 23 423 Atmantan 1 97 1 97 Brij 10 123 1 12 11 135 Grand Total 134 13,355 20 1,723 228 18,531 382 33,609 As on for 30th June 34 SIGNED INVENTORY Owned PIPELINE Managed Total Pipeline (Standalone & Subsidiary) Hotels Keys Hotels Keys Hotels Keys Taj 6 1,200 51 9,500 57 10,700 Claridges Collection 1 100 1 100 Atmantan 1 100 1 100 Gateway 1 400 40 6,500 41 6,900 SeleQtions 1 50 16 1,500 17 1,550 Vivanta 22 3,400 22 3,400 Ginger 41 4,200 55 4,750 96 8,950 Tree of Life 6 200 12 400 18 600 Brij 11 300 11 300 Grand Total 66 6,350 198 26,250 264 32,600 As on for 30th June 35 HOTELS OPENED IN Q1 Sl No Name Brand Ownership Keys 1 Taj Bush Lodge, Greater Kruger, South Africa Taj Management Contracts 6 2 Taj Hessischer Hof Frankfurt Taj Subsidiary 126 3 Ayodhyam - IHCL SeleQtions SeleQtions Management Contracts 162 4 Bandra House, Mumbai - IHCL SeleQtions SeleQtions Management Contracts 39 5 Ginger Kota, Vishwakarma Nagar Ginger Management Contracts 28 6 Ginger Hyderabad, Genome Valley Ginger Subsidiary 75 7 Ginger Agra, Fatehabad Road Ginger Subsidiary 70 8 Ginger Gadchiroli , Mul Road Ginger Management Contracts 34 9 Ginger Siwan, Chapra Road Ginger Management Contracts 30 10 Gateway Kandla Gateway Management Contracts 93 11 Clarks Inn Bokaro Ginger Management Contracts 37 11 Hotels Total 700 Keys 36 OPENINGS EXPECTED IN Q2 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 Taj Resort, Pushkar Taj Management Contracts 110 4 Himalayan Hillcroft Sirmaur - IHCL SeleQtions SeleQtions Management Contracts 41 5 Vivanta Gurugram Sector 95A (Open Now) Vivanta Management Contracts 160 6 Vivanta Amaltas, Indore Vivanta Management Contracts 202 7 Vivanta Bhogapuram Vivanta Management Contracts 156 8 Ginger Jorhat Ginger Subsidiary 78 9 Tree of Life Hartola Tree of Life Management Contracts 31 10 Ginger Vadodara Ginger Management Contracts 50 11 Ginger Guwahati Ginger Management Contracts 32 12 Corbett IHCL SeleQtions SeleQtions Franchise 72 13 Tree of Life Khandala Tree of Life Management Contracts 50 14 Tree of Life Dwarka Tree of Life Management Contracts 60 14 Hotels Total 1,200+ Keys Opening Schedule is indicative and may change in future 37 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. 38 DIVERSIFIED BY DESIGN, BUILT TO COMPOUND GLOBAL CONFERENCE CALL Q1FY27 21st July 2026 39