Same-store RevPAR growth
14%
+14% YoY
Driven by double-digit ADR growth across all five owned palaces.
LEELAPALACESHOTELSRESORT
Other
15 May 2026
Leela Palaces Hotels & Resorts Ltd — Q4 FY26
Leela delivered a strong FY26 with operating revenue up 15% YoY to ₹1,527 Cr and EBITDA margin expanding 167 bps to 49%, driven by 14% same-store RevPAR growth and disciplined cost management.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Leela delivered a strong FY26 with operating revenue up 15% YoY to ₹1,527 Cr and EBITDA margin expanding 167 bps to 49%, driven by 14% same-store RevPAR growth and disciplined cost management. PAT surged to ₹403 Cr from ₹48 Cr, aided by lower finance costs. Q4 saw 12% revenue growth despite geopolitical disruptions impacting March occupancy, but ADR grew 15% and domestic demand remained robust. Management guided for double-digit RevPAR growth in Q1 FY27 and expects occupancy to recover to early 70s. The Coorg acquisition and ARK membership club are key growth drivers. Risk: prolonged Middle East conflict could further pressure international inbound travel and delay Dubai asset ramp-up.
Key Numbers
Net Promoter Score
86
+12 pts vs APAC luxury avg
Highest rated luxury hospitality brand in India, 12 points above APAC luxury average.
Market share (RevPAR index)
150
+11 pts YoY
RevPAR premium of ~₹6,000 over India luxury segment.
Net debt to EBITDA
1.6x
-50% YoY
Net debt reduced by 50%, providing financial headroom for expansion.
Management Guidance
Q1 FY27 RevPAR growth in high single-digit to early double-digit
April RevPAR grew high single-digit YoY, and management expects double-digit RevPAR growth for the full quarter.
Management guidance growthFY27 occupancy to reach early 70s
Blended occupancy expected in early 70s, with city hotels in mid-70s and resorts in mid-to-late 60s.
Management guidance growthCoorg resort first-year revenue of ₹65-70 Cr
The newly acquired Coorg resort is expected to generate ₹65-70 Cr revenue in its first full year of operation.
Management guidance revenueManagement fees to grow double-digit in FY27
Driven by ramp-up of Hyderabad hotel and improved performance across managed properties.
Management guidance growthKey Risks
Geopolitical disruption impacting international travel
Middle East conflict caused a sharp drop in March occupancy, especially in city hotels with high international mix. Management noted international share fell from 50% to ~40%.
high · management_commentaryDubai asset write-off risk
Analyst raised possibility of write-offs on Dubai investment if situation persists. Management said it's too early to assess but acknowledged evaluating daily.
medium · analyst_questionCost inflation from new labor code and hiring
Employee costs rose due to new labor code impact and hiring for new value drivers, pressuring Q4 margins. Management expects normalization as revenue scales.
low · data_observationNotable Quotes
Our domestic business has not been impacted at all. And while some part of our international business has been impacted from a key source market... we have achieved a 15% ADR growth and a 6% growth year on year despite the disruption in the month of March.
We have strengthened our domestic customer base which has allowed our occupancy in April to recover to similar levels as last year and healthy RevPAR growth versus same time last year.
Our net debt reduced by 50% with net debt to EBITDA now at a conservative 1.6x in FY26.
Frequently Asked Questions
What was Leela Palaces Hotels's revenue in Q4 FY26?
Leela Palaces Hotels reported revenue of ₹484 Cr in Q4 FY26, representing a +15% change compared to the same quarter last year.
What guidance did Leela Palaces Hotels management give for FY27?
Q1 FY27 RevPAR growth in high single-digit to early double-digit: April RevPAR grew high single-digit YoY, and management expects double-digit RevPAR growth for the full quarter. FY27 occupancy to reach early 70s: Blended occupancy expected in early 70s, with city hotels in mid-70s and resorts in mid-to-late 60s. Coorg resort first-year revenue of ₹65-70 Cr: The newly acquired Coorg resort is expected to generate ₹65-70 Cr revenue in its first full year of operation. Management fees to grow double-digit in FY27: Driven by ramp-up of Hyderabad hotel and improved performance across managed properties.
What are the key risks for Leela Palaces Hotels in FY27?
Key risks include Geopolitical disruption impacting international travel — Middle East conflict caused a sharp drop in March occupancy, especially in city hotels with high international mix. Management noted international share fell from 50% to ~40%.; Dubai asset write-off risk — Analyst raised possibility of write-offs on Dubai investment if situation persists. Management said it's too early to assess but acknowledged evaluating daily.; Cost inflation from new labor code and hiring — Employee costs rose due to new labor code impact and hiring for new value drivers, pressuring Q4 margins. Management expects normalization as revenue scales..
Did Leela Palaces Hotels meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Leela Palaces Hotels Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.