Taj GVK Hotels & Resorts Reports FY26 Results: Highlights Revenue Growth and Strong EBITDA Margins

Taj GVK Hotels & Resorts Reports FY26 Results: Highlights Revenue Growth and Strong EBITDA Margins​

Taj GVK Hotels and Resorts Ltd (TAJGVK), a prominent entity in the hospitality sector, has announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported a resilient performance with healthy Key Performance Indicators (KPIs) for the fiscal year 2026.

According to the company, the revenue mix in FY26 remained stable, with room rental and event-driven business serving as the major revenue contributors. The total EBITDA margin grew significantly to 35% on a year-over-year basis. The standalone Profit After Tax (PAT) for the full year was reported at INR 116.97 Cr.

Financial Performance Overview​

The company's financial results were presented both on a standalone and consolidated basis, showcasing strong financial metrics across the reporting periods.

Standalone Financial Performance (Rs. in Cr)


Consolidated Financial Performance (Rs. in Cr)

Operational and Subsidiary Updates​

During Q4FY26, the revenue was marginally lower compared to the corresponding period in the previous year, attributed to the geopolitical environment in West Asia. Key metrics for the quarter stood at an Average Room Rate (ARR) and occupancy rate of INR 9,853 at 83%, respectively, with an EBITDA margin of 33%.

In FY26, the subsidiary, Green Woods Palaces & Resorts Private Limited, which operates Taj Santacruz, Mumbai, reported Revenue from Operations of INR 236.51 Cr and EBITDA of INR 90.49 Cr. These figures compare to INR 231.83 Cr in Revenue from Operations and INR 94.91 Cr in EBITDA for FY25.

Business Developments and Investments​

The company announced an additional 2.01% stake acquisition in the Joint Venture (JV) with Green Woods Palaces & Resorts Private Limited, which operates the Taj Santacruz hotel. This acquisition occurred on February 10, 2026. The company invested INR 1,609 lakhs to acquire the additional stake.

The Board of Directors, during its meeting on May 28, 2026, recommended the payment of 100% dividend, equivalent to Rs. 2/- per equity share of Rs. 2/- each. Separately, the Board of Directors of the subsidiary company, Green Woods Palaces and Resorts Private Limited, recommended 60% dividend, amounting to Rs. 6/- per equity share of Rs. 10/- each.

Hospitality Enhancements​

In focus on maintaining superior guest experience and best-in-class hospitality standards, renovation and refurbishment activities were undertaken in several properties. During Q4FY26, the company incurred an expenditure of INR 1.19 Cr, down from INR 1.75 Cr in Q4FY25. The total expenditure towards renovation and refurbishment for FY26 was INR 8.01 Cr, compared to INR 10.01 Cr in FY25.

The company remains focused on driving long-term growth through organic developments, asset enhancements, and strategic acquisitions, exploring inorganic growth opportunities for faster market access.

Upcoming Project​

The greenfield 256-key 5 Star Luxury project, 'Taj Yelahanka', located in north Bengaluru, is in advanced stages of completion and is expected to open in the coming months. The company has successfully obtained the Consent for Operations from the Pollution Control Board, Government of Karnataka, and the NOC from the Fire Department, Government of Karnataka.

TAJGVK Stock Price Movement​

On Wednesday, Taj GVK Hotels & Resorts Limited shares edged higher, closing at ₹323.4 after gaining 0.51% against previous levels. The stock settled for the day amidst notable activity, with a total volume of 95,159 shares transacting.