Royal Orchid Hotels Ltd — earnings calls

Royal Orchid Hotels reported Q1 FY27 consolidated revenue growth of 36% year-on-year to about INR 107 crores, driven primarily by the new ICONIQA hotel, while EBITDA grew 39% to approximately INR 33 crore with margin expanding to about 30.7%. Net profit declined to around INR 6.4 crore from INR 10.9 crore a year earlier, which management attributed to higher financial costs, depreciation including IndAS impacts, and the ramp-up of newer leased properties. The company added five hotels with 237 keys during the quarter and said it has over 50 hotels signed for opening over the next 18 to 24 months.

Royal Orchid Hotels reported FY26 consolidated revenue from operations of INR384 crores, up from INR319 crores, with EBITDA of INR110 crores and PAT of INR33 crores after exceptional items. Management attributed part of the PAT decline to a non-cash Ind AS hit of around INR15-16 crores related to the newly opened ICONIQA Mumbai property, and noted the property's occupancy fell in March due to war-related cancellations after strong January and February. The company declined to give forward guidance for FY27-28 citing geopolitical uncertainty, while highlighting an upcoming pipeline of 52 signed hotels and a long-term franchise agreement with Hilton for the Hampton brand.