EIH (EIHOTEL) investor relations material

Executive summary

• FY 2026 saw significant geopolitical and weather-related disruptions, yet the company achieved its highest-ever EBITDA and maintained RevPAR leadership, with 13 out of 15 hotels ranked first or second in STR benchmarking.

• Consolidated revenue grew 8% year-over-year to ₹3,106 crore, with EBITDA up 3% to ₹1,190 crore and profit from operations at ₹657 crore, despite exceptional items impacting net profit.

• Audited consolidated and standalone financial results for the year ended 31 March 2026 were approved by the Board on 26 May 2026, with auditor's reports carrying unmodified opinions.

• Industry resilience was noted despite disruptions, with ARR and RevPAR both growing by around 10% year-over-year.

Financial highlights

• Q4 consolidated revenue grew 10% year-over-year to ₹954 crore, but EBITDA increased only 1% due to higher expenses and business mix changes; PAT declined due to tax and absence of prior year one-time gains.

• Full-year consolidated revenue rose 8% to ₹3,106 crore, EBITDA grew 3% to ₹1,190 crore, and PAT was impacted by a one-time Wage Code expense of INR 30 crore and the absence of last year’s Mashobra fair value gain.

• Standalone FY26 revenue reached ₹2,812 crore, with EBITDA at ₹1,064 crore; consolidated profit for the year was ₹657.29 crore, down from ₹769.90 crore in FY25.

• Cash funds increased to ₹1,335 crore by year-end, driven by strong operating cash flow and investment income, despite significant CapEx and dividend payouts.

• Full-year RevPAR for owned hotels was INR 17,400, up 8.5% from the previous year; occupancy for owned hotels was 76.8%.

Outlook and guidance

• April and May performance exceeded expectations, led by robust domestic demand.

• Management expects continued focus on driving growth through higher average room rates and operational efficiency, with limited new key additions until FY 2028.

• Strong development pipeline with 7 owned hotels (825 keys) and 24 managed hotels (1,893 keys) planned, including international expansion, though subject to market, regulatory, and development risks.

• Final dividend of ₹1.5 per share proposed for FY26, subject to AGM approval.