Overview

• Over 1,300 properties are directly managed under brands such as Townhouse, Townhouse Oak, Capital O, Palette and SUNDAY.
• The company plans to grow the segment to 1,800 properties across more than 300 cities including Tier-II and Tier-III markets such as Mohali and Port Blair by FY26.
• Directly managed hotels deliver customer ratings of 4.6 versus the 4.0 average and achieve occupancy levels 2.7 times higher than franchised counterparts.
• Preparations for an IPO include talks with five banks—Citi, Goldman Sachs, Jefferies, ICICI Securities and Axis Capital—and an expected filing of papers in August or September for a March quarter FY26 listing.
• A 172% year-on-year jump in net profit to INR 623 crore in FY25 reflects the shift toward higher-margin, company-operated hotels.