Oriental Hotels Ltd

As we move into 2025, the Indian hospitality industry continues to gain momentum, supported by strong domestic travel, infrastructure growth, and evolving guest expectations. Our presence across key southern cities—Chennai, Coimbatore, Mangalore, Cochin, Madurai, and Coonoor—gives us a unique advantage in catering to both business and leisure travellers. These destinations have witnessed steady demand, with growing interest in spiritual tourism, weddings, conferences, and nature-based experiences. With demand rising faster than new supply in these markets, Oriental Hotels is well-positioned to deepen its presence, enhance service offerings, and deliver sustained value to our guests and stakeholders.

During the year, we made significant strides in strengthening our portfolio and operational capabilities. A key milestone was the completion of the full renovation of Taj Malabar, Cochin, which reopened in early 2024. With enhanced guest rooms, modern public spaces, upgraded F&B outlets, and improved back-of-house efficiency, the hotel has been repositioned to capture higher-value leisure and MICE segments. The refreshed offering is expected to support a meaningful increase in Average Daily Rate (ADR), improve RevPAR, and drive stronger occupancy levels. Given its iconic waterfront location and renewed brand positioning, Taj Malabar is now better equipped to compete as a leading premium hotel in Kerala's vibrant tourism market

At Taj Coromandel, Chennai, the Coromandel Ballroom was upgraded to offer a more elegant and modern setting for events and celebrations. We also carried out comprehensive enhancements across our hotels to further elevate the overall guest experience, comfort, and service quality.

During Q2, the hotels in Madurai and Coonoor were migrated to the refreshed Gateway brand, in line with IHCL's brand architecture strategy. This move ensures consistency in guest experience and better alignment with evolving market positioning.

We have made meaningful progress on our digital transformation journey through enhanced integration and real-time visibility with improved guest management tools. These investments are designed to improve efficiency, support scalability, and elevate the overall service experience.

Guided by the principles of ‘Paathya', IHCL's sustainability framework, we focused on reducing single-use plastics, improving energy and water efficiency and adopting eco-friendly practices. We believe responsible hospitality includes caring for both our guests and the environment.

We delivered stable performance amidst inflationary pressures. Consolidated revenue stood at L 44,290 Lakhs with a net profit of L 3,921 Lakhs. We incurred capital expenditure of L 7,064 Lakhs primarily towards asset enhancement, and also reduced our total borrowings during the year reflecting our continued focus on financial prudence and value creation.

As we step into the future, we do so with renewed energy, sharper focus, and a deep commitment to excellence. With our upgraded properties, stronger brand alignment, and a guest-first approach, Oriental Hotels is poised to capture new opportunities and deliver greater value to all stakeholders.

On behalf of the Board, I would like to express my sincere appreciation to all our employees, business partners, and shareholders for their unwavering support and trust.

Regards

Managing Director & CEO.