Financial Performance Highlights - FY2026

  • Total income crossed ₹1,000 crore mark for the first time in company history
  • Delivered sixth consecutive quarter of PAT profitability
  • EBITDA stood at ₹444 crore with EBITDA margin of 42%
  • Profit After Tax nearly doubled to ₹141.6 crore compared to previous year

Operational Performance Drivers

The strong results were attributed to:

  • Higher average room rates
  • Better business mix
  • Stronger operating leverage
  • Continued focus on cost efficiencies

Growth Strategy - Juniper 2.0

  • Objective to build one of India's most respected hospitality platforms
  • Plan to increase room inventory from approximately 1,900 keys to 4,000 keys by 2030-31
  • Total capex of ₹1,930 crore planned up to FY31, primarily funded from internal surplus

Development Pipeline Details

Bengaluru Project:

  • First phase: 238 Westin-branded keys opening in October 2026 (company's first Marriott hotel)
  • Second phase: Approximately 250 rooms and 25 apartments, totaling over 500 keys

New Delhi Project:

  • Landmark luxury hotel in Dwarka with 550 keys
  • Location overlooks India's longest golf course and near convention/diplomatic hub
  • Combined with existing Andaz Delhi property, will create portfolio of over 1,000 keys in Delhi

Northeast Projects:

  • Guwahati development: 263 keys and 14 serviced apartments
  • Kaziranga property
  • Both Guwahati and New Delhi developments will operate under "Grand Hyatt" brand

Brand Partnerships

  • Four-decade relationship with Hyatt continues
  • New association with Marriott through Westin brand for Bengaluru asset
  • Grand Hyatt brand expansion announced at Analyst Meet in Mumbai on August 17, 2026

Industry Outlook

Positive outlook for Indian hospitality industry due to:

  • Rising domestic travel
  • Increasing inbound tourism
  • Rapid infrastructure development
  • Continued investments in tourism and convention infrastructure
  • Constrained supply of branded hotels in key gateway cities

Additional Strategic Initiatives

  • Evaluating opportunities to unlock value from existing assets, including two land parcels adjoining Grand Hyatt Mumbai
  • Considering selective brownfield acquisitions that create sustainable long-term value

Governance Focus

  • Strong and experienced Board with committee support provides oversight of strategy, risks, and internal controls
  • Emphasis on operational excellence, prudent capital allocation, and maintaining strong balance sheet

Acknowledgments

Special thanks to Mr. Vikas Chawla from Hyatt for participation in Analyst Meet and sharing partnership perspective.