Kamat Hotels India

Kamat Hotels reported a strong Q4 FY26 with consolidated revenue of ₹110 croreCurrent reported value: ₹110 crore. No comparable prior figure is available in the source record. (+19Current reported value: 19. No comparable prior figure is available in the source record.% YoY) and EBITDA margin expanding 213 bpsCurrent reported value: 213 bps. No comparable prior figure is available in the source record. to 29%Current reported value: 29%. No comparable prior figure is available in the source record.. PAT surged 59%Current reported value: 59%. No comparable prior figure is available in the source record. to ₹18 croreCurrent reported value: ₹18 crore. No comparable prior figure is available in the source record., driven by robust domestic demand and cost controls. However, the loss of the Orchid Mumbai lease (₹50 crore revenue) will pressure FY27 top line, though EBITDA impact is neutral to positive. New properties (260Current 260. Reported change: +260 keys YoY. keys added in FY26) are stabilizing and expected to contribute meaningfully in FY27. Management remains cautiously optimistic but flagged execution delays due to LPG shortages and rising labor costs from the new wage code. Key risk: slower-than-expected ramp-up of new hotels may not fully offset the Mumbai revenue gap.