Kamat Hotels (India) Ltd — earnings calls

Kamat Hotels reported Q4 FY26 consolidated revenue of INR 110 crores, up approximately 19% year-on-year, with EBITDA of INR 32 crores at a 29% margin and PAT of INR 18 crores, up 59% year-on-year. For full year FY26, consolidated revenue was INR 386 crores reflecting 8% growth, EBITDA was INR 97 crores at a 25.1% margin, and PAT was INR 39 crores at a 10.1% margin. Management discussed occupancy and ARR declines at IRA and Fort Jadhavgadh due to new hotel additions diluting brand-level metrics, the discontinuation of the IRA Mumbai lease, rising labor costs from the new wage code, and the appointment of a new CFO, Mr. Milind Wadekar.