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VENTIVEHOSPITALITY Healthcare 15 May 2026

Ventive Hospitality Ltd — Q4 FY26

Ventive Hospitality delivered a strong Q4 FY26 with consolidated revenue of ₹870 crore (+21% YoY) and EBITDA of ₹476 crore (+28% YoY), driven by pricing power in India (ADR +12% to ₹14,200) and robust Maldives performance (occupancy 75%, TrevPAR +18% to ₹90...

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Revenue ₹779 Cr +21%
EBITDA ₹476 Cr +28%
PAT ₹259 Cr
EBITDA Margin 49% +300bps
Duration 64 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

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Ventive Hospitality delivered a strong Q4 FY26 with consolidated revenue of ₹870 crore (+21% YoY) and EBITDA of ₹476 crore (+28% YoY), driven by pricing power in India (ADR +12% to ₹14,200) and robust Maldives performance (occupancy 75%, TrevPAR +18% to ₹90,818). Full-year hospitality revenue approached ₹2,000 crore with EBITDA margins expanding 300 bps to 37%. The annuity segment provided stable cash flows (₹505 crore revenue, 90% margin). Management guided for low-teen revenue growth and high-teen EBITDA growth in the medium term, with occupancy headroom in Pune (target 75%) and Maldives (target 65%+). Key risks include geopolitical disruptions affecting Maldives travel and diesel cost inflation in the islands.

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Risk Intelligence

Geopolitical disruptions impacting Maldives travel

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Quarter Snapshot

India ADR ₹14,200
+12% YoY

Q4 FY26 India ADR growth driven by Pune's premium positioning and limited luxury supply.

Maldives Occupancy 75%
+3.3pp YoY

Q4 FY26 occupancy improved despite geopolitical headwinds, reflecting strong demand.

India RevPAR ₹9,634
+8% YoY

Q4 FY26 RevPAR growth supported by ADR gains despite slight occupancy dip to 69%.

Maldives TrevPAR ₹90,818
+18% YoY

Q4 FY26 TrevPAR growth driven by higher occupancy and rate mix in luxury resorts.

Fast read

Guidance and risk preview

Top guidance Medium-term occupancy target of 75% for India portfolio

Management expects to ramp up occupancy from current 69% to 75% in the medium term, supported by Pune's commercial absorption and limited supply.

Top risk Geopolitical disruptions impacting Maldives travel

Middle East tensions and travel advisories from US/Europe have caused short-term occupancy volatility; April traffic data showed 25% YoY decline.

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