Lemon Tree Hotels
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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.
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Q1 26/27 earnings summary10 Aug, 2026

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.

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Frequently asked questions

Lemon Tree Hotels Limited is a hospitality company engaged in the ownership, management, and operation of hotels across various segments. The company offers accommodations ranging from upscale to economy hotels, catering to business and leisure travelers. Its services include lodging, dining, event spaces, and extended stay options. Lemon Tree Hotels Limited is headquartered in New Delhi, India, and its shares are listed on the NSE and BSE.