Leela Palaces Hotels
Leela Palaces Hotels Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Revenue growth expected in FY27 with continued double-digit increases in F&B and management fees, supported by ramp-up of managed hotels like Hyderabad. Operating EBITDA grew 19% YoY in FY26 with margin expansion by 167 bps to 49%, demonstrating strong operating leverage and disciplined cost management.
From Leela Palaces Hotels's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Revenue growth expected in FY27 with continued double-digit increases in F&B and management fees, supported by ramp-up of managed hotels like Hyderabad.
- Coorg property to contribute INR 65-70 crores in revenue in FY27 with occupancy in early 40s; stabilized revenue of INR 165-175 crores expected by year four including 19 villas expansion.
- Net debt to EBITDA ratio expected to remain stable around 1.6x in FY27, reducing progressively to around 1.0x as new assets start generating EBITDA.
- Occupancy guidance for FY27: mid-70% for city hotels and mid-60% to late 60% for resorts; overall occupancy in early 70s.
- After March disruption due to international business impact, April and upcoming months expected to see strong rebound with high single-digit to double-digit RevPAR and revenue growth.
- Continued growth in non-resident covers by 9-12%, driving F&B revenue.
- Expansion pipeline with ongoing construction in Ayodhya, Agra, and Ranthambore on schedule without cost escalations.
Profitability & Margins
See what Leela Palaces Hotels said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Acquisition of Coorg ultra-luxury all-villa operational resort (71 keys) announced in Q4 FY26, to be rebranded as The Leela Coorg Forest Sanctuary; focus on immersive nature and wellness hospitality.
- Planned capex of approx. INR 38 crores for Phase 1 expansion involving 19 additional villas at Coorg.
- Ongoing greenfield developments progressing on schedule at Bandhavgarh, Srinagar, Sikkim, Agra, Ayodhya, and Ranthambore with no capex escalation.
- Capex planned for refurbishment and rebranding of Dubai Palm Jumeirah Resort, expected completion by 2028; refurbishment work to start by end of calendar year 2026.
- FY27 and FY28 capex guidance stable with no escalation noted; funded through existing financial headroom and conservative net debt levels (net debt to EBITDA ~1.6x).
- Potential future expansion at Coorg beyond Phase 1 under evaluation once stabilized; current 20 acres used out of 76-acre property.
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Leela Palaces Hotels said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Leela Palaces Hotels — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹484 Cr, net profit ₹172 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Leela Palaces Hotels & Resorts Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Leela Palaces Hotels Q4 FY26 results?
Revenue growth expected in FY27 with continued double-digit increases in F&B and management fees, supported by ramp-up of managed hotels like Hyderabad. Operating EBITDA grew 19% YoY in FY26 with margin expansion by 167 bps to 49%, demonstrating strong operating leverage and disciplined cost management.
What is Leela Palaces Hotels share price analysis?
Leela Palaces Hotels currently shows a neutral. The stock trades at a P/E of 41.8 with a market cap of ₹18,758 Cr. Investors should review the full earnings analysis for detailed insights.
Is Leela Palaces Hotels planning capital expenditure?
Acquisition of Coorg ultra-luxury all-villa operational resort (71 keys) announced in Q4 FY26, to be rebranded as The Leela Coorg Forest Sanctuary; focus on immersive nature and wellness hospitality. - Planned capex of approx.
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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.