Leela Palaces Hotels & Resorts Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw record revenue, EBITDA, and profit growth, driven by strong ADR, robust domestic demand, and disciplined expansion, despite geopolitical headwinds. F&B and managed hotel segments delivered double-digit growth, with net debt halved and margins at industry-leading levels.
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Q3 FY 2026 saw 20% RevPAR and 23% EBITDA growth, with strong gains in room and F&B revenues, margin expansion, and continued market outperformance. Expansion and asset-light investments remain on track, with robust demand, high ADR, and a strong pipeline supporting sustained double-digit growth.
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Q2 FY26 saw double-digit revenue and EBITDA growth, with industry-leading RevPAR and strong PAT. Major expansions include a Dubai resort stake and BKC Mumbai project, both with Brookfield, supporting robust future EBITDA targets.
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Q1 saw record revenue and EBITDA, with strong growth in occupancy, ADR, and F&B. Expansion plans are on track, targeting double-digit EBITDA growth for FY26 and INR 2,000 crore EBITDA by FY30, supported by a robust pipeline and resilient luxury demand.