FY 2026 Results

Espire Hospitality Limited announced its strongest‑ever financial performance for the twelve months ended 31 March 2026. Revenue reached ₹14,106 Lakhs, representing a 17% increase over FY 2025, while EBITDA rose to ₹3,190 Lakhs, a 38% uplift year‑on‑year. Profit before tax (PBT) was ₹1,157 Lakhs and profit after tax (PAT) stood at ₹812 Lakhs.

Q4‑FY26 Highlights

For the fourth quarter ended 31 March 2026, the company posted revenue of ₹4,873 Lakhs, up 19% versus the same quarter in FY 2025. EBITDA for the quarter was ₹1,096 Lakhs, reflecting a 34% increase, with PBT of ₹436 Lakhs and PAT of ₹422 Lakhs.

Operational Metrics

Espire’s average daily rate (ADR) for FY 2026 was ₹10,827, well above the industry average of ₹8,792. Revenue per available room (RevPAR) was ₹6,317 compared with the industry benchmark of ₹5,745, underscoring the company’s ability to command premium pricing and achieve superior profitability.

Portfolio Expansion

During Q4‑FY26 the company added six new properties, contributing roughly 250 keys to its existing portfolio of 20 hotels and resorts. This expansion reinforced its presence in high‑growth leisure, pilgrimage and business destinations.

Development Projects

Espire disclosed the commencement of an ultra‑luxury resort near Vrindavan, a fast‑growing spiritual and leisure tourism hub. The project is slated for an investment of approximately ₹300 Crores, to be financed through a balanced mix of equity and debt, and will be operated by Marriott International under the JW Marriott brand.

Brand Architecture & Growth Roadmap

The firm operates a diversified brand portfolio that includes the luxury ‘Six Senses Fort Barwara’, the boutique luxury ‘ZANA – Luxury Escapes’, and the mid‑market ‘Country Inn’ chain. It plans aggressive expansion in the luxury segment with upcoming Uber Luxury resorts in Vrindavan and Mussoorie, and further ZANA boutique properties, while continuing balanced growth through Country Inn hotels.

Management Commentary

Mr. Akhil Arora, Managing Director & CEO, stated that FY 2026 marked a landmark year, delivering record revenue, EBITDA and profitability while accelerating portfolio growth. He highlighted the company’s diversified platform serving luxury, upscale, mid‑scale, leisure, business and spiritual travel segments, and expressed optimism about future growth prospects.

Outlook & Pipeline

Espire targets the addition of at least 1,000 keys annually over the next three years. It is in advanced discussions for more than 15 properties across ten high‑potential destinations, representing an opportunity to add over 1,000 keys in the coming year. The development pipeline includes new hotels in Bengaluru, Mussoorie, Gurugram, Greater Noida, Udaipur, Lucknow, Amritsar, Ghaziabad, Dehradun, Vadodara, Theog, Sohna, Varanasi, Dharamshala and Kasauli. The company also aims to deepen its footprint in business hubs such as Mumbai, Ahmedabad, Chennai, Bengaluru, Lucknow, Amritsar, Bhopal, Jaipur, Gurugram, Ranchi, Chandigarh, Pune and Noida, as well as spiritual circuits (Rishikesh, Puri, Varanasi, Haridwar) and leisure destinations (Sikkim, Dehradun, Darjeeling, Goa, Ootacamund, Dharamshala). With a strong balance sheet and a robust development pipeline, Espire enters FY 2027 with significant momentum.

Corporate Profile

Espire Hospitality Limited (BSE: 532016) manages a portfolio of 20 hotels and resorts and is part of the Espire Group, which also operates in IT solutions and education. The company plans to open 15 new hotels and resorts within the next year and 25 additional properties over the subsequent two years. All figures have been rounded for presentation purposes.