Kamat Hotels (India) Ltd
Kamat Hotels (India) Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company targets reaching approximately 2,500 operational rooms, with 24 properties and 2,100 rooms currently operational. The company aims to achieve revenue of INR 400 crores in FY26, maintaining this guidance despite a weak H1 performance.
From Kamat Hotels (India) Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets reaching approximately 2,500 operational rooms, with 24 properties and 2,100 rooms currently operational.
- New hotels have opened recently, adding about 280 rooms (Panchgani, Dwarka, Rishikesh, Porvorim Goa, Hyderabad).
- Some hotel openings have been delayed (Bhavnagar, Dehradun, Nashik) due to external factors but are expected soon, adding roughly 200 rooms.
- Hyderabad market is vibrant; the hotel there is expected to break even quickly and boost revenue.
- Despite recent revenue dips due to monsoon, renovations, and subsidiary performance, management is confident of crossing INR 400 crore revenue in FY 2026.
- Wedding demand is buoyant in older hotels and expected to increase as new properties stabilize.
- Expansion focus is on larger properties (100+ rooms) when opportunities arise, to enhance EBITDA and brand value.
- The company is actively pursuing multiple pipelines beyond Maharashtra to diversify market risk.
Profitability & Margins
See what Kamat Hotels (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- New hotel openings planned to reach the target of 2,500 rooms by FY 2026, with multiple properties in the pipeline including Bhavnagar, Dehradun, Nashik, and Porvorim.
- Expansion beyond Maharashtra, particularly Mumbai and Pune, to diversify risk nationally.
- Selective hotel additions based on value addition to the network or bottom line; rejecting non-beneficial opportunities.
- Renovations ongoing in existing properties like Pune Orchid, expected to enhance ARR and positioning as a top hotel.
- No explicit mention of land parcel exploitation for new hotels currently, with the Nagpur property sold in 2022.
- Cautious capital deployment focused on asset-light model reliant on owner developments with some delays due to external approvals.
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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 has a target of reaching 2,500 operational rooms by FY 2026.
- Currently, 2,100 rooms are operational with 24 properties.
- Several hotels in the pipeline have faced delays due to external factors like government approvals and owner-related issues (e.g., Bhavnagar, Dehradun, Nashik).
- Approximately 200 rooms delayed across 3 upcoming projects: Bhavnagar (~60 rooms), Dehradun (~90 rooms), and Nashik (~60 rooms).
- A new hotel, IRA by Orchid in Porvorim, Goa, was recently added to the pipeline unexpectedly.
- Discussions are ongoing for more properties, but specifics will be shared closer to operational dates.
- The asset-light model depends on owners' timelines, which impacts the rollout schedule.
- The company prefers sharing confirmed updates rather than speculating on potential projects.
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 Q2 FY26 results?
The company targets reaching approximately 2,500 operational rooms, with 24 properties and 2,100 rooms currently operational. The company aims to achieve revenue of INR 400 crores in FY26, maintaining this guidance despite a weak H1 performance.
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?
New hotel openings planned to reach the target of 2,500 rooms by FY 2026, with multiple properties in the pipeline including Bhavnagar, Dehradun, Nashik, and Porvorim.
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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.