Viceroy Hotels Ltd — earnings calls

Viceroy Hotels reported consolidated Q1 FY27 revenue from operations of INR44.9 crores, up approximately 77% year-on-year, with EBITDA of INR11.8 crores at a 26.3% margin and profit after tax of INR1.4 crores versus a loss in the prior-year quarter. Management attributed the growth to improved occupancy at Courtyard following completion of Phase 1 renovation and the addition of the Marriott Executive Apartments acquisition, while noting the Marriott convention center was taken offline from April for Phase 2 renovation, constraining banquet revenue. Management also discussed debt levels, an ongoing rights issue to reduce promoter holding below 75%, and plans for a Greenfield Courtyard project at Madhapur.

Viceroy Hotels reported Q4 FY26 revenue of Rs 49.5 crore, up 35.3% year-on-year, with EBITDA growing 43.7% and margin expanding by 183 basis points to 31.4%. Management attributed the growth primarily to the consolidation of Marriott Executive Apartments, Hyderabad, acquired on January 1, alongside efficiency gains from the completed first phase of renovation at Courtyard by Marriott. Profit after tax declined due to higher depreciation and finance costs linked to renovation and acquisition-related borrowing, and management discussed ongoing renovation phases, ADR trends, occupancy patterns, and future expansion plans including a new Courtyard property in Madhapur.