Kamat Hotels (India) Ltd
Kamat Hotels (India) Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Kamat Hotels targets revenue of INR 400 crores in FY '25-'26, with a 10% growth over FY '25 actuals. Management expects revenue to be around INR 400 crores in FY '26, considering conservative estimates due to recent sector challenges but is open to revising upwards. - With the addition of 7-8 new hotels (~600-650 rooms), room inventory is increasing ~35%, potentially driving higher revenues beyond current guidance. - ARR (Average Room Rate) is targeted to increase from INR 6,500 to INR 7,200, supporting margin expansion. - Occupancy is expected to improve from ~65% to approximately 68-70%. - EBITDA margins are aimed to remain stable around 29-30%, with efforts to possibly exceed these levels. - By FY '27, Vishal Kamat indicated hitting INR 500 crores in revenue is very doable if growth momentum continues. - New premium properties with higher ARR (e.g.
From Kamat Hotels (India) Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Kamat Hotels targets revenue of INR 400 crores in FY '25-'26, with a 10% growth over FY '25 actuals.
- The company plans to expand room inventory from approximately 1,850 to 2,500 operational rooms within the year, a ~35% increase.
- The ARR (Average Room Rate) target is to increase from INR 6,500 to INR 7,200, aiming for a blended ARR of around INR 7,500.
- Expansion includes opening around 30 hotels by March next year, adding 7-8 new hotels and 600-650 rooms.
- By FY '27, Kamat Hotels aspires to reach INR 500 crores in topline revenue, supported by new properties including large inventory hotels in premium markets.
- Growth approach is qualitative with focus on larger hotels having higher ARR and better operating margins.
- New projects in strategic locations like Rishikesh (target ARR INR 15,000), Puri (around INR 10,000 ARR), and others are expected to drive revenue and occupancy improvements.
Profitability & Margins
See what Kamat Hotels (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Renovation and construction ongoing for a new 156-room property at Puri, replacing the existing 33-room hotel; some rooms to remain operational during construction with a brief 3-month closure for integration work between towers (Page 14).
- Expansion plans include opening Orchid Rishikesh (two hotels totaling 98+ rooms), Orchid Nashik (April opening), Orchid Panchgani (September opening), Bhavnagar and Dwarka (September openings), and Orchid Gwalior and Dehradun targeted for December openings (Pages 3, 9, 10).
- Increasing banquet halls at Orchid Pune with new 7,000 and 5,000 sq ft halls and public area renovations funded from internal accruals (Page 5).
- Revising Puri building plans due to new airport height restrictions, shifting from a 40-meter tower to a shorter 27-meter structure with larger base, aiming to boost MICE and wedding tourism facilities (Page 13).
- The company is selective in property acquisitions, focusing on quality and large hotels (100+ rooms) for robust revenue and EBITDA growth (Pages 4-5).
Top-ranked in Leisure Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Kamat Hotels (India) Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company is targeting to have around 30 operational hotels by the end of the current financial year.
- Several new properties are planned to open soon, including:
- - Orchid Rishikesh (54 and 44 rooms), expected to open by August or September 2025.
- - Hotels in Bhavnagar and Dwarka scheduled for opening by September 2025.
- - Orchid Panchgani set to open by September 2025.
- - Orchid Nashik expected to open by April 2026.
- - Orchid Dehradun and Orchid Gwalior targeted for opening by December 2025.
- The pipeline includes larger properties, such as a 156-room new hotel in Puri expected by 2027.
- The company emphasizes qualitative growth and asset-light expansion, aiming to grow from ~1,825 rooms to ~2,500 operational rooms within this year.
- Corporate merger approval from NCLT is pending, which relates to some corporate restructuring process.
Kamat Hotels (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹110 Cr, net profit ₹17 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Kamat Hotels's management said in earlier quarters
Others in Leisure Services this season
- Leela Palaces Hotels & Resorts Ltd (Q1 FY26)
Digital investments and revenue management practices support sustained high double-digit RevPAR growth (~20% in Q1 FY26). Key concall takeaways from Leela…
- Travel Food Services Ltd (Q1 FY26)
System-wide sales grew 26.7% Y-o-Y, supported by 12.5% like-for-like (LFL) growth and 10.1% net contract gains. Key concall takeaways from Travel Food Services…
- Devyani International Ltd (Q1 FY26)
. Key concall takeaways from Devyani International Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
- Restaurant Brands Asia Ltd (Q1 FY26)
Same-store sales growth (SSSG) in India remains positive around 2.6%, led by strong dine-in traffic and value promotions. Key concall takeaways from Restaurant…
Frequently Asked Questions
What were Kamat Hotels (India) Ltd Q1 FY26 results?
Kamat Hotels targets revenue of INR 400 crores in FY '25-'26, with a 10% growth over FY '25 actuals. Management expects revenue to be around INR 400 crores in FY '26, considering conservative estimates due to recent sector challenges but is open to revising upwards. - With the addition of 7-8 new hotels (~600-650 rooms), room inventory is increasing ~35%, potentially driving higher revenues beyond current guidance. - ARR (Average Room Rate) is targeted to increase from INR 6,500 to INR 7,200, supporting margin expansion. - Occupancy is expected to improve from ~65% to approximately 68-70%. - EBITDA margins are aimed to remain stable around 29-30%, with efforts to possibly exceed these levels. - By FY '27, Vishal Kamat indicated hitting INR 500 crores in revenue is very doable if growth momentum continues. - New premium properties with higher ARR (e.g.
What is Kamat Hotels (India) Ltd share price analysis?
Kamat Hotels (India) Ltd currently shows a neutral. The stock trades at a P/E of 11.8 with a market cap of ₹506 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kamat Hotels (India) Ltd planning capital expenditure?
Renovation and construction ongoing for a new 156-room property at Puri, replacing the existing 33-room hotel; some rooms to remain operational during construction with a brief 3-month closure for integration work between towers (Page 14).
Keep Kamat Hotels (India) Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.