Kamat Hotels (India) Ltd
Kamat Hotels (India) Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 3 strong
Not discussed on this call: fundraise, order book.
The short version
The company anticipates strong growth drivers and tailwinds in the coming years, particularly driven by increasing domestic travel and business travel. Management expects strong quarter-on-quarter growth driven by robust demand and expanding operations.
From Kamat Hotels (India) Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- The company anticipates strong growth drivers and tailwinds in the coming years, particularly driven by increasing domestic travel and business travel.
- Expected to show quarter-on-quarter growth in revenue supported by favorable demand-supply dynamics in new markets.
- Planning to add around 400 keys in the next 12-15 months in cities like Gwalior, Dehradun, Dwarka, Nashik, Rishikesh, and Mandvi Kutch.
- Growth is expected from both Tier-1 cities with natural entry barriers and Tier-2 and Tier-3 cities where demand is rising due to industrial and tourism development.
- Focus on expanding in new cities without cannibalizing existing business, ensuring ARR (average room rent) stability.
- The portfolio's RevPAR (Revenue per available room) is growing at high teens, outperforming the industry.
- Long-term outlook remains positive with initiatives on cost control and leveraging technology for scaling occupancy and revenues.
Profitability & Margins
See what Kamat Hotels (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Most properties are leased, so CAPEX is minimal primarily for renovations/refurbishments, especially for Mumbai and Pune hotels.
- Renovation and refurbishment plans are being finalized; guidance expected next quarter.
- No current brownfield or land parcel projects on the book, but if acquired, related CAPEX will occur.
- Near future CAPEX mainly normal repair and maintenance over the next two years.
- New hotel projects planned adding around 400 keys in the next 12-15 months in cities like Gwalior, Dehradun, Dwarka, Nashik, Rishikesh, and Mandvi Kutch.
- New hotels will require case-by-case CAPEX depending on upgradation needs.
- Growth-driven company: surplus cash will be judiciously deployed for growth via managed or owned properties.
- Comfortable leverage with potential to raise debt for scaling up to INR 300 crore against forward EBITDA.
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
- Kamat Hotels is looking at around 400 keys addition in the next 12 to 15 months.
- Upcoming hotel projects are in Gwalior, Dehradun, Dwarka, Nashik, Rishikesh, and Mandvi Kutch.
- Dwarka and Gwalior hotels are expected to open around October-November to November-December 2026.
- Dehradun hotel opening has been delayed but is expected soon; Mandvi and Rishikesh are progressing well.
- Nashik project has experienced some technical delays but is under understanding and progress.
- No new large brownfield or land parcel projects are currently on the book.
- The company focuses on signed projects only and does not discuss speculative pipeline additions.
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.
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What Kamat Hotels's management said in earlier quarters
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Frequently Asked Questions
What were Kamat Hotels (India) Ltd Q1 FY27 results?
The company anticipates strong growth drivers and tailwinds in the coming years, particularly driven by increasing domestic travel and business travel. Management expects strong quarter-on-quarter growth driven by robust demand and expanding operations.
What is Kamat Hotels (India) Ltd share price analysis?
Kamat Hotels (India) Ltd currently shows a below-average growth signal. 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?
Most properties are leased, so CAPEX is minimal primarily for renovations/refurbishments, especially for Mumbai and Pune hotels.
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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.