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Viceroy Hotels Ltd

Q1 FY27Leisure Services

Viceroy Hotels Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹120
Market cap₹843 Cr
P/E37.0
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueModerate growth
MarginMargins up
CapexCapex planned
FundraiseFundraise planned

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

Moderate growth
  • 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.

2 more points from Viceroy Hotels Ltd's call on revenue

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • 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.

2 more points from Viceroy Hotels Ltd's call on capex

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Top-ranked in Leisure Services

Ranked on what management guided this quarter

Guidance-ranked
Rev 2Mar 1
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 Viceroy Hotels Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The discussion primarily revolves around financial performance, renovation updates, revenue metrics, operational efficiencies, acquisition details, and growth strategies within the hospitality sector. No references to orderbook or pending orders are made in the document.

Viceroy Hotels Ltd — Quarterly revenue & net profit

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

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹48 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.