Current/ Expected Orderbook/ Pending Orders?

The company is guiding for approximately 2,200 key additions by FY25. They completed around 1,600 keys by FY24 and about 1,500 keys in FY23. For FY25, realistically expecting an addition of about 400 to 500 keys. However, factors like licensing delays (e.g., liquor licenses taking 3-6 months in some states) can impact timely openings. Despite these delays, the management is confident of adding no less than 300 keys in the current financial year. Several new properties are in the pipeline, including Orchid Noida, Orchid Toyam (started operations in Q2 FY25), and expected openings of Orchid Chan

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Kamat Hotels (India) LtdQ2 FY24Leisure Services

Kamat Hotels (India) Ltd Q2 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹187P/E: 11.1Market Cap: ₹473 CrSector: Leisure Services

Management growth scorecard

Revenue

Category 3

Margin

Category 4

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

No information is provided regarding the same in the latest conference call.

Margin guidance

Category 4

No information is provided regarding the same in the latest conference call.

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Fundraise plans

No information is provided regarding the same in the latest conference call.

Order book

→The company is guiding for approximately 2,200 key additions by FY25.
→They completed around 1,600 keys by FY24 and about 1,500 keys in FY23.
→For FY25, realistically expecting an addition of about 400 to 500 keys.
→However, factors like licensing delays (e.g., liquor licenses taking 3-6 months in some states) can impact timely openings.
→Despite these delays, the management is confident of adding no less than 300 keys in the current financial year.
→Several new properties are in the pipeline, including Orchid Noida, Orchid Toyam (started operations in Q2 FY25), and expected openings of Orchid Chandigarh, Dehradun, and Bhavanagar in Q3 FY25.

Capex plans

Yes

No information is provided regarding the same in the latest conference call.

How does Kamat Hotels (India) Ltd rank vs peers in Leisure Services?

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