Revenue gap from Orchid Mumbai closure
Loss of ~₹50 crore annual revenue from the Orchid Mumbai lease may not be fully replaced by new properties in FY27.
KAMATHOTELSINDIA / bear-case history
Track the concerns that keep returning.
Kamat Hotels India · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Execution delays due to LPG crisis
LPG shortages are causing material supply issues, delaying hotel renovations and new openings.
Rising labor costs from new wage code
Annual salary revisions under the new wage code added ~₹4 crore to costs, which are permanent and may pressure margins.
Slow ramp-up of new hotels
New hotels take time to achieve optimal occupancy and ADR due to SEO and brand recognition challenges, delaying profitability.