Kamat Hotels (India) Ltd
Kamat Hotels (India) Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Expectation of revenue growth is positive with new hotel openings planned: Dehradun, Gwalior, Bhavnagar, Orchid Nashik adding approximately 280-290 new rooms in the coming year. Net debt levels have nearly reached the target of INR 50 crores, improving financial leverage (Page 19).
From Kamat Hotels (India) Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Expectation of revenue growth is positive with new hotel openings planned: Dehradun, Gwalior, Bhavnagar, Orchid Nashik adding approximately 280-290 new rooms in the coming year.
- Recent hotel renovations and expansions (e.g., Pune from 386 to 410 rooms, Noida adding 25 rooms) expected to boost revenue and EBITDA.
- Newly opened properties like Orchid Rishivan and Dehradun anticipated to contribute well as they mature.
- Though supply has increased especially in Mumbai, occupancy remains buoyant; average room rates (ARRs) expected to plateau but not decline, sustaining revenue levels.
- Government support via tourism-related infrastructure and skill development programs indirectly supports long-term demand growth.
- Seasonal and regional variations affect occupancy, with leisure destinations taking longer (6-9 months) to achieve optimal utilization (~70% occupancy).
- Overall, sales/revenue growth is expected to improve steadily as new inventory stabilizes and market conditions improve.
Profitability & Margins
See what Kamat Hotels (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is actively opening new hotels, with about 280 to 290 rooms expected to open in the coming fiscal year, including properties in Dehradun, Gwalior, Bhavnagar, and Nashik.
- Ongoing projects such as a hotel in Odisha depend on land allotment from the government; once confirmed, details will be shared.
- The Puri (Jagannath) project is delayed due to aviation and height clearance issues related to a new airport; expected timeline is approximately 2.5 to 3 years.
- The company is open to potential brand partnerships or acquisitions to grow inorganically but has no confirmed plans currently.
- Pre-opening costs for new hotels range from INR 60 lakh to 75 lakh for leased/revenue share properties and around INR 20 lakh for management properties.
- Capex-related expenses for new hotels are expected to reduce after initial years as properties stabilize and move into profitability.
- The company adopts a semi-asset light approach focusing on quality-driven growth.
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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
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 Q3 FY26 results?
Expectation of revenue growth is positive with new hotel openings planned: Dehradun, Gwalior, Bhavnagar, Orchid Nashik adding approximately 280-290 new rooms in the coming year. Net debt levels have nearly reached the target of INR 50 crores, improving financial leverage (Page 19).
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?
The company is actively opening new hotels, with about 280 to 290 rooms expected to open in the coming fiscal year, including properties in Dehradun, Gwalior, Bhavnagar, and Nashik.
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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.