What was Royal Orchid Hotels's revenue in Q3 FY26?

Royal Orchid Hotels reported revenue of ₹113 Cr in Q3 FY26, a +26.6% change year-over-year.

Did Royal Orchid Hotels management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

ROYALORCHIDHOTELS Diversified 10 Feb 2026

Royal Orchid Hotels Limited — Q3 FY26

Q: What guidance did Royal Orchid Hotels management give?

FY26 Revenue Target of ₹420 Crore: Management expects full-year FY26 revenue to be around ₹420 crore, driven by Iconica and existing portfolio.

Royal Orchid Hotels reported a strong Q3 FY26 with revenue from operations growing 26.6% YoY and room revenue surging 45% YoY, driven by the successful launch of Iconica Mumbai which contributed ₹17.4 crore in its initial months.

Revenue ₹113 Cr +26.6%

EBITDA — +13.8%

PAT ₹10 Cr

EBITDA Margin —

Duration 43 min

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✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Royal Orchid Hotels reported a strong Q3 FY26 with revenue from operations growing 26.6% YoY and room revenue surging 45% YoY, driven by the successful launch of Iconica Mumbai which contributed ₹17.4 crore in its initial months. EBITDA grew 13.8% YoY reflecting cost efficiency. The company crossed 10,700 keys across 168+ hotels with 47+ in pipeline. Management guided for ₹420 crore revenue in FY26 and reiterated the ₹500 crore target for FY27-28. Iconica is expected to turn profitable in Q4 with quarterly revenue of ₹23-24 crore, peaking at ₹28-30 crore next year. The subsidiary sale (sub-₹30 crore after tax) will strengthen the balance sheet. Risk: Non-Iconica organic growth remains in single digits, and the 47-pipeline hotel conversion timeline is uncertain.

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Non-Iconica Organic Growth in Single Digits

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Quarter Snapshot

Room Revenue Growth 45%

+45% YoY

Room revenue surged 45% year-on-year, driven by Iconica Mumbai and strong portfolio performance.

Total Keys 10,700

+47 hotels in pipeline

Crossed 10,700 keys across 168+ hotels, with 47+ hotels in the pipeline for future growth.

Iconica Mumbai Revenue (Q3) ₹17.4 Cr

N/A (new property)

Iconica Mumbai generated ₹17.4 crore in its initial months, ranked #1 on TripAdvisor in Mumbai within 4 months.

Managed Business Revenue (FY26E) ₹45 Cr

+20% expected in FY27

Managed business revenue expected at ₹45 crore in FY26, with ~48% flowing to EBITDA; FY27 target ₹55-58 crore.

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Guidance and risk preview

Top guidance FY26 Revenue Target of ₹420 Crore

Management expects full-year FY26 revenue to be around ₹420 crore, driven by Iconica and existing portfolio.

Top risk Non-Iconica Organic Growth in Single Digits

Excluding Iconica, revenue growth was in single digits, indicating reliance on new property additions for meaningful expansion.

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