Kamat Hotels (India) Ltd
Kamat Hotels (India) Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Growth in FY27 is cautiously optimistic; no specific revenue guidance was provided (Page 12). - Excluding IRA Mumbai (discontinued), current top line is around INR 330-340 crore (Page 12). - New hotel openings and partial openings of existing hotels are expected to fill the revenue gap left by IRA Mumbai (Page 13). - Approximately 150-200 new keys expected to be operationalized in FY27, contributing to growth (Page 12). - All new properties opened recently, including Panchgani, Rishivan, Sambhaji Nagar, are expected to mature and contribute EBITDA positively in FY27 (Page 11). - Despite an expected degrowth in top line due to IRA Mumbai closure (approx. No specific top-line growth guidance provided for FY27 due to variable factors (Page 12). - EBITDA expected to improve as new hotels mature and stabilize, reducing pre-opening cost drags (Page 11, 12). - EBITDA drag from new properties was approx.
From Kamat Hotels (India) Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Growth in FY27 is cautiously optimistic; no specific revenue guidance was provided (Page 12).
- Excluding IRA Mumbai (discontinued), current top line is around INR 330-340 crore (Page 12).
- New hotel openings and partial openings of existing hotels are expected to fill the revenue gap left by IRA Mumbai (Page 13).
- Approximately 150-200 new keys expected to be operationalized in FY27, contributing to growth (Page 12).
- All new properties opened recently, including Panchgani, Rishivan, Sambhaji Nagar, are expected to mature and contribute EBITDA positively in FY27 (Page 11).
2 more points management made on revenue & sales performance
Profitability & Margins
See what Kamat Hotels (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is undertaking expansions funded primarily through internal accruals using EBITDA, avoiding stress on finances.
- Around 150 to 200 keys are targeted to be operationalized in FY27, indicating ongoing property additions and hotel openings.
- New hotel projects include the IRA by Orchid Bhavnagar, expected to open by June FY27.
- Delays in some openings such as Orchid Dehradun and Orchid Nashik have been encountered due to owner dependencies and geopolitical/supply chain challenges.
- The company is managing supply chain issues, especially for imported materials, which affect renovation and CAPEX timelines.
2 more points management made on capital expenditure plans
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 facing delays in some projects due to owner dependencies and supply chain challenges.
- Key projects delayed include Orchid Nashik and Orchid Dehradun; however, IRA by Orchid Bhavnagar is expected to open by June.
- Material supply issues persist, especially due to LPG crisis impacting tile manufacturing and imported materials.
- Supply chain disruptions have caused practical challenges, such as partial availability of ordered materials, leading to redesigned plans and shifted timelines.
2 more points management made on 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 Q4 FY26 results?
Growth in FY27 is cautiously optimistic; no specific revenue guidance was provided (Page 12). - Excluding IRA Mumbai (discontinued), current top line is around INR 330-340 crore (Page 12). - New hotel openings and partial openings of existing hotels are expected to fill the revenue gap left by IRA Mumbai (Page 13). - Approximately 150-200 new keys expected to be operationalized in FY27, contributing to growth (Page 12). - All new properties opened recently, including Panchgani, Rishivan, Sambhaji Nagar, are expected to mature and contribute EBITDA positively in FY27 (Page 11). - Despite an expected degrowth in top line due to IRA Mumbai closure (approx. No specific top-line growth guidance provided for FY27 due to variable factors (Page 12). - EBITDA expected to improve as new hotels mature and stabilize, reducing pre-opening cost drags (Page 11, 12). - EBITDA drag from new properties was approx.
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 undertaking expansions funded primarily through internal accruals using EBITDA, avoiding stress on finances.
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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.