Operational and Brand Performance Highlights

  • The Leela was ranked #2 globally amongst the best hotel brands in the world, marking its 5th time in the global top 3 since 2020.
  • The company's operational portfolio contributes approximately 12% of India's luxury hospitality rooms.
  • Key Q1 FY27 performance metrics included a 17% growth in Revenue per Available Room (RevPAR), a 41% growth in Operating EBITDA, and a 25% growth in domestic room revenue for its 5 owned palaces.
  • The company reported an industry-leading Net Promoter Score (NPS) of 86, significantly higher than the APAC luxury segment average of 74 (source: Revinate).
  • The growth was driven by double-digit Average Daily Rate (ADR) growth and occupancy gains on an expanded portfolio.

Financial Performance (Q1 FY27 vs. Q1 FY26)

  • Operating Revenue: ₹3,520 million, up 28% from ₹2,748 million.
  • Room Revenue: ₹1,639 million, up 25% from ₹1,312 million.
  • F&B Revenue: ₹1,326 million, up 25% from ₹1,063 million.
  • HMA Fees: ₹262 million, up 86% from ₹141 million.
  • Other Operational Services Revenue: ₹293 million, up 26% from ₹233 million.
  • Operating EBITDA: ₹1,434 million, up 41% from ₹1,014 million.
  • Operating EBITDA Margin: 41%, an expansion of 383 basis points from 37%.
  • Finance Costs: ₹393 million, down 54% from ₹860 million, attributed to deleveraging and interest cost reduction.
  • Depreciation and amortisation expenses: ₹327 million, up 24% from ₹264 million.
  • Share of net profit/(loss) of joint ventures: Loss of ₹156 million, compared to a profit of ₹1 million. This was attributed to temporary headwinds in the Dubai market from the West-Asia conflict, with an expectation for the situation to ease.
  • Profit before tax: ₹643 million, up 310% from ₹157 million.
  • Total tax expense: ₹156 million, up 123% from ₹70 million.
  • Profit for the period: ₹488 million, up 460% from ₹87 million.

Growth Updates and Expansion Pipeline

  • The company is scaling its luxury footprint across markets, segments, and verticals, aiming to double keys, triple properties, and achieve 10x EBITDA over the FY20-FY30 period.
  • ARQ Club: The ultra-premium brand extension was expanded to a second club in New Delhi.
  • Tadoba Resort: A new 30-key resort was signed in the Tadoba Tiger Reserve on a 62-acre plot with a 60-year concession period. The estimated capex is ~₹1,200 million (~₹40 million per key), with a targeted completion date of Calendar Year 30 (CY30).
  • FY27 Openings: Three properties are in pre-opening stages:
  • The Leela Jaisalmer: An 80-key managed luxury desert resort and spa.
  • The Leela Coorg Forest Sanctuary: A 71-key owned iconic resort in South India, rebranded on July 8, 2026.
  • The Leela Luxury Residences, Mumbai: A new 63-key managed business vertical.
  • The total expansion pipeline consists of 1,038 keys across 10 projects with timelines stretching to CY30. Key projects and their statuses include:
  • Jaisalmer (80 keys, CY26): Public area works underway.
  • Mumbai Waterstones (63 keys, CY26): Interior fit-outs in advanced stage.
  • Srinagar (170 keys, CY27): Room walling and landscaping work in progress.
  • Bandhavgarh (30 keys, CY27): Villa construction in progress.
  • Sikkim (140 keys, CY28): Main block and villa civil works underway.
  • Ayodhya (100 keys, CY28): Design development and test piling completed.
  • Agra (99 keys, CY28): Piling works underway.
  • Ranthambore (76 keys, CY28): Fort wall stabilization in progress.
  • Mumbai BKC (250 keys, CY30): Lease premium paid; design finalization in progress.
  • A 9,600 sq. ft. 'Leela Centre of Excellence' was established in partnership with Le Cordon Bleu, with a plan to train 3,000+ personnel over the next three years to support the expansion.

ESG Initiatives

  • All owned hotels are Platinum Rated certified as Green Buildings.
  • The portfolio has received an 'Advanced Rating' and is noted as the largest in South-East Asia to achieve this.
  • The company is focused on responsible water management for long-term resilience.
  • A commitment to eliminate single-use plastics by 2030 was stated.

Quarterly Operating Metrics History

| Metric | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26* | Q1 FY27 |

| Occupancy % | 59.7% | 64.9% | 69.4% | 77.6% | 63.6% | 68.7% | 71.0% | 71.4% | 67.5% |

| ADR (₹) | 16,698 | 18,042 | 25,827 | 27,918 | 18,817 | 19,290 | 30,337 | 32,012 | 20,722 |

| RevPAR (₹) | 9,975 | 11,712 | 17,912 | 21,678 | 11,963 | 13,262 | 21,551 | 22,862 | 13,982 |

| RevPAR Growth % | - | - | - | - | 20% | 13% | 20% | 5% | 17% |

| RevPAR Premium (vs India Luxury) | 1.2x | 1.3x | 1.4x | 1.5x | 1.3x | 1.5x | 1.6x | 1.6x | 1.4x |