Viceroy Hotels Ltd
Viceroy Hotels Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 4 strong
Not discussed on this call: order book.
The short version
The company expects a strong revenue jump from renovated assets, with Phase 1 at Courtyard driving revenue north of INR50 crores from a previous INR30 crores, a 60% increase. The company targets maintaining and exceeding EBITDA margins of 30% in FY27, aiming for a long-term 40% margin with full renovation completion and addition of convention center facilities.
From Viceroy Hotels Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- The company expects a strong revenue jump from renovated assets, with Phase 1 at Courtyard driving revenue north of INR50 crores from a previous INR30 crores, a 60% increase.
- ADR (Average Daily Rate) growth is anticipated at 10-12% specifically in Hyderabad and Bangalore for upscale hotels over the next 2 years.
- The business strategy focuses on increasing occupancy and RevPAR through renovation completions and reopening the convention center.
- Executive Apartments segment has strong occupancy with potential for ADR hikes due to supply shortage in long-term stay offerings.
- Management targets EBITDA margins above 30% for FY27, progressing towards a long-term 40% margin with new assets and portfolio expansion.
- The company actively seeks selective growth opportunities including Greenfield, Brownfield, and distressed assets to enhance the portfolio and revenues.
Profitability & Margins
See what Viceroy Hotels Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- A Greenfield project: a new 200-room Courtyard hotel in Madhapur, with a total project cost of around INR120-130 crores and expected construction start in Q4 FY27. Expected operations by FY29-FY30.
- Ongoing renovation phases: Phase 1 at Courtyard is complete; Phase 2 and Phase 3 renovations focus on Marriott Hotels and are expected to complete by December FY27.
- Rights issue approval pending to raise INR107 crores primarily to repay debt and keep headroom for Greenfield project/future expansion.
- Actively evaluating brownfield and distressed hospitality assets for strategic acquisition to expand portfolio, with no separate SPV planned.
- Capital work-in-progress stands at INR8 crores (consolidated) mostly related to Courtyard renovations.
- The company aims to enhance asset quality, operational efficiency, and portfolio growth prudently aligned with capital discipline.
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 Viceroy Hotels Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
Viceroy Hotels Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹48 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Viceroy Hotels Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Viceroy Hotels Ltd Q1 FY27 results?
The company expects a strong revenue jump from renovated assets, with Phase 1 at Courtyard driving revenue north of INR50 crores from a previous INR30 crores, a 60% increase. The company targets maintaining and exceeding EBITDA margins of 30% in FY27, aiming for a long-term 40% margin with full renovation completion and addition of convention center facilities.
What is Viceroy Hotels Ltd share price analysis?
Viceroy Hotels Ltd currently shows a below-average growth signal. The stock trades at a P/E of 37.0 with a market cap of ₹843 Cr. Investors should review the full earnings analysis for detailed insights.
Is Viceroy Hotels Ltd planning capital expenditure?
A Greenfield project: a new 200-room Courtyard hotel in Madhapur, with a total project cost of around INR120-130 crores and expected construction start in Q4 FY27.
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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.