Leela Palaces Hotels & Resorts Limited – Investor Presentation Summary

Key Operational Highlights

  • RevPAR growth of 30% in Q2FY27 with ADR growth of 30%
  • Occupancy strengthened to 71.4% in Q2FY27 from 68.8% in Q1FY27
  • Market share gain of 5 points versus India luxury segment
  • Brand website contribution to room revenue increased consistently, improving distribution economics
  • Suite occupancy rose by >700 basis points
  • The Leela's operational portfolio contributes ~12% of India's luxury hospitality rooms

Key drivers of operational performance: Broad-based demand across retail, corporate and leisure segments, premium room mix driving ADR growth, BRICS events providing additional lift, and compression events driving occupancy.

Segment-wise Performance

  • Room Revenue: ₹2,041 Mn in Q2FY27 (39% growth), ₹3,680 Mn in H1FY27 (32% growth)
  • F&B Revenue: ₹1,456 Mn in Q2FY27 (21% growth), ₹2,782 Mn in H1FY27 (23% growth)
  • HMA Fees: ₹289 Mn in Q2FY27 (76% growth), ₹551 Mn in H1FY27 (81% growth)
  • Other Operational Services Revenue: ₹333 Mn in Q2FY27 (25% growth), ₹625 Mn in H1FY27 (25% growth)

Explanation of significant changes in segment performance: Room revenue growth driven by same-store growth at both City Hotels and Resorts, plus addition of Coorg inventory. F&B growth led by both pricing and covers increases, with growth in non-resident covers at City Hotels. HMA fees growth from ramp-up of managed properties, including higher fees in some contracts linked to performance and past key money investments.

Financial Highlights

Revenue: ₹4,119 Mn (Q2FY27), ₹7,638 Mn (H1FY27)

EBITDA: ₹1,939 Mn (Q2FY27), ₹3,458 Mn (H1FY27)

PAT: ₹946 Mn (Q2FY27), ₹1,433 Mn (H1FY27)

Operating EBITDA: ₹1,877 Mn (Q2FY27), ₹3,311 Mn (H1FY27)

Margins: Operating EBITDA margin 46% in Q2FY27 (44% in Q2FY26), +118 bps improvement

YoY/QoQ comparison: Q2FY27 Operating Revenue growth 33% YoY, Operating EBITDA growth 36% YoY

Drivers of financial performance: Higher revenue growth across all segments, operational efficiencies, and improved pricing power

Key Risks: Not explicitly disclosed in presentation

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not specified in presentation

Regional Breakdown: Not specified in presentation

Balance Sheet Snapshot

Net Debt/Equity: Not specified

Reserves: ₹62,225 Mn (Sep'26) vs ₹60,697 Mn (Mar'26)

Current Assets/Liabilities: Current Assets ₹2,732 Mn, Current Liabilities ₹3,869 Mn (Sep'26)

Working Capital/Leverage Metrics: Total Borrowings ₹15,605 Mn (Sep'26)

Financial Health Insights: Long-dated debt maturity profile (10+ years), AA (Stable) credit rating, interest rate reduced by 30bps from mid-Oct'26, significant capacity to fund future growth initiatives

Capex & Cash Flow Health

Capital Expenditure: Not specified

Free Cash Flow: Not specified

Operating Cash Flow: Not specified

Net Debt Movement: Not specified

Investment Rationale: Funding growth initiatives including property expansions and new developments

Strategic & R&D Initiatives

Investments in Innovation: Asset management initiatives including Azulian House launch in Q1FY27, Maharaja Ballroom conversion, ZLB23 Bar conversion

Expected impact on growth: Active asset management contributing to premium positioning and operating excellence

Strategic Rationale: Scaling luxury across markets, segments and verticals with target of 2x keys, 3x properties and 10x EBITDA over FY20-FY30

Industry Trends & Business Environment

Macro/Industry Trends: India's growing events/MICE calendar providing structural tailwind to ADRs, broad-based demand acceleration

Impact on Company: Strengthened pricing power, enabled significant ADR premiumization during high-profile events

Management Commentary & Growth Outlook

Strategic Outlook: "Atithi Devo Bhava (Guest is God)" philosophy guiding operations

FY Guidance: Not explicitly provided but presentation shows strong growth momentum continuing

Market Share Targets: Already achieved 5 points market share gain versus India luxury segment

Risks and Opportunities: Not explicitly highlighted

ESG Updates

  • All owned hotels have Platinum Rating certification for green building
  • Largest hospitality portfolio in South-East Asia to get Advanced Rating
  • Responsible water management for long-term water resilience
  • Commitment to eliminating single-use plastics by 2030

Growth Pipeline Updates

  • The Leela Jaisalmer (80 keys, managed) - Pre-opening in progress for CY26
  • The Leela Luxury Residences, Mumbai (63 keys, managed) - Pre-opening in progress for CY26
  • Total pipeline of 1,038 keys across 10 properties with timelines through CY30
  • Properties include Srinagar (170 keys, CY27), Bandhavgarh (30 keys, CY27), Sikkim (140 keys, CY28), Ayodhya (100 keys, CY28), Agra (99 keys, CY28), Ranthambore (76 keys, CY28), Tadoba (30 keys, CY30), Mumbai BKC (250 keys, CY30)