Financial Performance Summary

Revenue and Profitability

  • Operating Revenue: ₹3,520 million, up 28% year-on-year
  • Operating EBITDA: ₹1,434 million, up 41% year-on-year
  • Operating EBITDA Margin: 41%, expanding 383 basis points (highest-ever Q1 EBITDA margin)
  • Profit After Tax: ₹488 million, up approximately 460% year-on-year

Operational Metrics

  • RevPAR (Revenue Per Available Room): ₹13,982, up 17% year-on-year
  • ADR (Average Daily Rate): ₹20,722, up 10% year-on-year
  • Occupancy: 67.5%, up 4 percentage points year-on-year (on expanded portfolio including Coorg)
  • Net Promoter Score: 86, significantly ahead of luxury segment APAC benchmark of 74

Portfolio and Expansion Update

Current Portfolio:

  • 25 total properties comprising 15 operational hotels (4,162 keys) and pipeline of 10 hotels (1,095 keys)
  • Balanced mix of owned and managed assets

Recent Expansions:

  • Expanded ARQ by The Leela with second club in New Delhi
  • Launched and rebranded The Leela Coorg Forest Sanctuary on July 8, 2026
  • Signed concession agreement for new 30-key wildlife resort in Tadoba Tiger Reserve, Maharashtra
  • Project: The Leela Tadoba (30-key resort across 62 acres)
  • Estimated Capex: ~₹1,200 million
  • Completion Target: CY30

Balance Sheet and Financial Position

  • Net Debt: ₹13,319 million as of June 30, 2026
  • Net Debt to EBITDA: 1.6 times
  • Company focused on optimizing capital structure and financing costs while preserving liquidity for expansion

Brand Recognition and Awards

  • Ranked #2 globally among best Hotel Brands in the World by Travel + Leisure World's Best Awards 2026
  • Fifth time since 2020 that brand has been ranked among top three hotel brands globally
  • Flagship properties (Udaipur, New Delhi, Jaipur) individually recognized among India's top-ranked hotels

ESG and Sustainability Initiatives

  • Net zero ambition by 2050
  • All Palace hotels and The Leela Coorg Forest Sanctuary are Green Building Platinum certified
  • Portfolio is largest in South-East Asia to receive EDGE (Excellence in Design for Greater Efficiencies) Advanced Rating
  • Goal to eliminate single-use plastics across portfolio by 2030

Management Commentary

Mr. Anuraag Bhatnagar, Whole-time Director and Chief Executive Officer, attributed performance to:

  • Enduring strength of The Leela brand
  • Structural opportunity in India's underserved luxury hospitality market
  • Strong operating leverage of business model
  • Robust RevPAR growth despite international travel headwinds
  • Success in capitalizing on growing domestic leisure and MICE demand
  • Continued investment in brand, people, and growth pipeline

The company celebrates 40 years of The Leela legacy of True Indian Luxury and positions itself to lead the next decade of luxury travel in India.