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Viceroy Hotels Ltd

Q3 FY26Leisure Services

Viceroy Hotels Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹120
Market cap₹843 Cr
P/E37.0
Updated23 Aug 2026
Read5 min read

The short version

Banqueting facilities currently contribute 20%-25% to revenue; expected to reach 30%+ with expanded convention capacity enabling 2x to 3x revenue growth in this segment. - Rooftop bar at Courtyard expected to generate at least Rs. Viceroy Hotels expects stronger operating leverage and cost discipline as renovations complete, aiming to sustain EBITDA margins above 30% near-term and progress towards 40% long-term. - Expansion initiatives, including doubling Marriott's convention capacity and adding new F&B outlets, are projected to boost revenues and margins. - Acquisition of Marriott Executive Apartments adds near-term EBITDA accretion, with expected turnover of Rs.

From Viceroy Hotels Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Banqueting facilities currently contribute 20%-25% to revenue; expected to reach 30%+ with expanded convention capacity enabling 2x to 3x revenue growth in this segment.
  • Rooftop bar at Courtyard expected to generate at least Rs. 50 lakhs/month (~Rs. 6 crores annually), adding conservatively 10% to monthly F&B revenue.
  • Continued improvement in demand driven by Hyderabad's growing status as a MICE hub, supported by enhanced connectivity including upcoming Southern High-Speed Rail corridor.
  • Expansion in extended stay segment through acquisition of 75-key Marriott Executive Apartments tapping into high occupancy and high ADR long-stay corporate demand.
  • Completion of renovations and new inventory coming online will drive stronger operating leverage and margin expansion with a target EBITDA margin above 30%, progressing towards a long-term 40% benchmark.
  • Overall, the company is bullish on a sustained growth trajectory driven by disciplined development, upgraded facilities, and rising demand in Hyderabad.

Profitability & Margins

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

Capital Expenditure Plans

  • Rs. 120 crores CAPEX program is underway, deployed in phases:
  • - Phase 1 completed at Courtyard with Rs. 50 crores, adding 56 rooms, gym, spa, rooftop restaurants, pools.
  • - Phase 2 (April to December 2026): Rs. 20-30 crores on Marriott convention center expansion (doubling capacity to 20,000 sq. ft.) and phased refurbishment of 295 Marriott rooms (~Rs. 40 crores total).
  • - Phase 3: Around Rs. 10-15 crores for lobby and rooftop restaurant upgrades at Marriott.
  • Acquisition of Marriott Executive Apartments in Gachibowli (75 keys) completed for Rs. 215 crores; adds extended stay segment to portfolio.
  • Greenfield project in Madhapur progressing through land conversion and design.
  • Evaluating further leisure and Hyderabad market expansions.
  • Strategic focus on banquet expansion to increase events and F&B contribution.
  • Investments timed to minimize inventory disruption and enhance guest experience.

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Ranked on what management guided this quarter

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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 transcript provided does not explicitly mention the current or expected order book or pending orders for Viceroy Hotels Limited. However, related key points on their growth and expansion plans include: - Acquisition of Marriott Executive Apartments in Hyderabad adding 75 keys. - Ongoing Rs. 120 crore CAPEX program, with Rs. 50 crores spent on Courtyard completion and Rs. 70 crores allocated for Marriott renovations (including convention center expansion and room refurbishments). - Greenfield project in Madhapur progressing through land conversion and design. - Expectation of increased banquet capacity and addition of a sixth F&B outlet to boost revenue. - Near-term revenue accretion expected from Marriott Executive Apartments starting Q4 FY26. - Long-term vision to expand to 1,000 keys by 2030, from a current portfolio of about 538 keys (including the new acquisition). No direct mentions of order backlog or pending orders were made.

Viceroy Hotels Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Sep 2025
Dec 2025
Mar 2026

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 Q3 FY26 results?

Banqueting facilities currently contribute 20%-25% to revenue; expected to reach 30%+ with expanded convention capacity enabling 2x to 3x revenue growth in this segment. - Rooftop bar at Courtyard expected to generate at least Rs. Viceroy Hotels expects stronger operating leverage and cost discipline as renovations complete, aiming to sustain EBITDA margins above 30% near-term and progress towards 40% long-term. - Expansion initiatives, including doubling Marriott's convention capacity and adding new F&B outlets, are projected to boost revenues and margins. - Acquisition of Marriott Executive Apartments adds near-term EBITDA accretion, with expected turnover of Rs.

What is Viceroy Hotels Ltd share price analysis?

Viceroy Hotels Ltd currently shows a neutral. 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?

Rs.

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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.