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Lemon Tree Hotels (LEMONTREE) investor relations material
Lemon Tree Hotels Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY27 revenue rose 9% year-over-year to ₹346.8 Cr, with net EBITDA up 7% to ₹151.9 Cr and PAT up 19% to ₹57.3 Cr; adjusted net EBITDA (excluding GST and SAR) increased 14% year-over-year.
Occupancy improved to 75.7%, up 314 bps, and gross ARR rose 2% year-over-year to ₹6,361.
Asset-light expansion continued with six new managed/franchised hotels opened and 13 more signed, expanding the pipeline to 23,381 rooms.
Pro forma financials post-demerger show Lemon Tree revenue up 22% and Fleur up 7% year-over-year.
Board approved unaudited financial results for Q1 FY27 and a joint venture for Aurika Shillong, with leadership transition plans announced.
Financial highlights
Network revenue grew 16% year-over-year to ₹576 Cr, with owned hotels contributing 56%.
Fee income from management/franchise contracts rose 42% to ₹22.8 Cr.
Gross debt reduced 11% year-over-year to ₹1,475 Cr; cost of debt fell to 7.48%.
Cash profit increased 17% to ₹96 Cr.
Keys portfolio RevPAR up 19% year-over-year, with 13% growth in average room rate.
Outlook and guidance
Management expects Q2 and H2 FY27 to show stronger performance, with ARR and margins improving as renovation expenses taper and GST impact is mitigated.
Targeting 2,000 new keys in FY27, with confidence in achieving this despite minor slippage risks.
EBITDA margin guidance for FY28 is at least 50%, with further expansion expected as renovation costs normalize.
Aurika Shimla expected to open shortly; Aurika Shillong and Varanasi in pipeline.
The company notes the seasonal nature of the hotel industry, with Q1 not indicative of full-year performance.
- Record FY 2026 results, major restructuring, and margin pressures from renovation and GST.LEMONTREE
Q4 25/26 - Record revenue and EBITDA, robust pipeline, and margin expansion expected as costs decline.LEMONTREE
Q3 25/26 - Group splits into asset-light and asset-heavy entities; Warburg Pincus invests INR 960 crore.LEMONTREE
Investor update - Record Q2 revenue and profit growth, with margin recovery and strong cash flows expected.LEMONTREE
Q2 25/26 - Record Q1 growth, margin expansion, and major leadership and structural changes.LEMONTREE
Q1 25/26 - Record Q2 revenue and EBITDA growth, strong pipeline expansion, and India's largest hotel opening.LEMONTREE
Q2 24/25 - Record Q1 revenue up 19% YoY, margins down on renovations, Mumbai Skycity hotel launched.LEMONTREE
Q1 24/25 - Record Q4 and FY24 growth with revenue up 30% YoY and operational inventory over 10,000 rooms.LEMONTREE
Q4 23/24 - Record revenue, profit, and network gains position the company ahead of 5-year targets.LEMONTREE
Q4 24/25
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Next Lemon Tree Hotels earnings date
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