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Kamat Hotels (India) Ltd

Q3 FY26Leisure Services

Kamat Hotels (India) Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹208
Market cap₹506 Cr
P/E11.8
Updated23 Aug 2026
Read4 min read

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.

2 more points from Kamat Hotels (India) Ltd's call on revenue

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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.

2 more points from Kamat Hotels (India) Ltd's call on capex

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Top-ranked in Leisure Services

Ranked on what management guided this quarter

Guidance-ranked
1Landmark Global
Rev 2Mar 1
2Jubilant Foodworks Ltd
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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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

Relevant points inferred related to upcoming projects and timelines include: - Approximately 280 to 290 rooms across projects in Dehradun, Gwalior, Bhavnagar, and Orchid Nashik expected to open in the coming financial year. - Several new hotel openings including Orchid Rishivan, Dehradun, and others are in the pipeline. - Some projects experienced delays, but openings are anticipated within the next 6 months.

2 more points from Kamat Hotels (India) Ltd's call on order book

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Kamat Hotels (India) Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.