Viceroy Hotels Ltd
Viceroy Hotels Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #14 of 31 in Leisure Services
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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.
2 more points from Viceroy Hotels Ltd's call on revenue
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Profitability & Margins
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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.
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
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Viceroy Hotels Ltd — Quarterly revenue & net profit
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.
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What Viceroy Hotels's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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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 the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.