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Lemon Tree Hotels Ltd

Q4 FY26Leisure Services

Lemon Tree Hotels Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹108
Market cap₹8.9K Cr
P/E36.0
Updated23 Aug 2026
Read6 min read

The short version

Lemon Tree Hotels is signing approximately 5,000 rooms per year, with expectations of acceleration in signings. - Expect to open around 2,000 rooms in FY27, increasing to 3,000 rooms in FY28, and 4,000 rooms in FY29. - Managed portfolio growth from 6,000 branded rooms to an additional 4,300+ rooms under Fleur and other developments, leading to around 11,000 rooms. - Fees from Fleur's operating assets expected to increase by 60% over the next 3 years, directly benefiting Lemon Tree. - Over the next 3 years, expect to open about 5,000 rooms annually due to current pipelines. - Capital deployment potential of up to Rs. Lemon Tree expects steady-state flow-through on management fee income of about 75%-80%, translating to approximately 60% PAT margin after tax (22%-23%).

From Lemon Tree Hotels Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Lemon Tree Hotels is signing approximately 5,000 rooms per year, with expectations of acceleration in signings.
  • Expect to open around 2,000 rooms in FY27, increasing to 3,000 rooms in FY28, and 4,000 rooms in FY29.
  • Managed portfolio growth from 6,000 branded rooms to an additional 4,300+ rooms under Fleur and other developments, leading to around 11,000 rooms.
  • Fees from Fleur's operating assets expected to increase by 60% over the next 3 years, directly benefiting Lemon Tree.
  • Over the next 3 years, expect to open about 5,000 rooms annually due to current pipelines.
  • Capital deployment potential of up to Rs. 3,000 crore in next 12-18 months for acquisitions and expansions.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Lemon Tree Hotels Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Potential investment in acquiring asset-light platforms at the right value if they add value to the portfolio, customers, or technology platform; subject to high hurdle rate to reward shareholders (Page 26).
  • Deployment of up to Rs. 3,000 crore over the next 12-18 months for adding 2,500 keys under Fleur, contingent upon availability of right deals (Page 20).
  • Committed capital investment includes Rs. 700 crore for the Nehru Place asset, with cash flow over 3.5 years (Page 20).
  • Renovation spend is currently high; expected to reduce from FY27 onwards to about 1.1%-1.3% of revenue; approximately 85% of heavy renovation (on 4,000 rooms) is done (Pages 14-16).

2 more points management made on capital expenditure plans

Top-ranked in Leisure Services

Ranked on what management guided this quarter

5x potential
1Landmark Global
Rev 2Mar 1
2Jubilant Food.
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 Lemon Tree Hotels Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The document does not explicitly state the current or expected order book or pending orders in a conventional manufacturing or project context. However, relevant insights about future room signings and openings related to Lemon Tree Hotels and Fleur Hotels can be summarized as follows: - Lemon Tree Hotels is signing approximately 5,000 rooms per year, with expected acceleration in growth. - Fleur Hotels planned addition of 2,500 rooms over the next 2-3 years is under active discussion. - Openings lag signings by about 3 years; for example, rooms signed 3 years ago correspond roughly to rooms opening now. - Expected room openings for FY27 are around 2,000 rooms; projected to increase to 3,000 rooms in FY28 and 4,000 rooms in FY29.

2 more points management made on order book & pipeline

Lemon Tree Hotels Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹406 Cr, net profit ₹82 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Lemon Tree Hotel's management said in earlier quarters

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Frequently Asked Questions

What were Lemon Tree Hotels Ltd Q4 FY26 results?

Lemon Tree Hotels is signing approximately 5,000 rooms per year, with expectations of acceleration in signings. - Expect to open around 2,000 rooms in FY27, increasing to 3,000 rooms in FY28, and 4,000 rooms in FY29. - Managed portfolio growth from 6,000 branded rooms to an additional 4,300+ rooms under Fleur and other developments, leading to around 11,000 rooms. - Fees from Fleur's operating assets expected to increase by 60% over the next 3 years, directly benefiting Lemon Tree. - Over the next 3 years, expect to open about 5,000 rooms annually due to current pipelines. - Capital deployment potential of up to Rs. Lemon Tree expects steady-state flow-through on management fee income of about 75%-80%, translating to approximately 60% PAT margin after tax (22%-23%).

What is Lemon Tree Hotels Ltd share price analysis?

Lemon Tree Hotels Ltd currently shows a neutral. The stock trades at a P/E of 36.0 with a market cap of ₹8,927 Cr. Investors should review the full earnings analysis for detailed insights.

Is Lemon Tree Hotels Ltd planning capital expenditure?

Potential investment in acquiring asset-light platforms at the right value if they add value to the portfolio, customers, or technology platform; subject to high hurdle rate to reward shareholders (Page 26). - Deployment of up to Rs.

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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.