EIH (EIHOTEL) Q2 25/26 earnings summary

Executive summary

• Q2 FY2026 revenue grew between 2% and 9% year-over-year, with EBITDA declining 3–9% and PAT falling 12%, impacted by geopolitical disruptions, adverse weather, and renovations, but RevPAR leadership and robust expansion plans were maintained.

• Unaudited standalone and consolidated financial results for the quarter and six months ended 30th September 2025 were approved, with no material misstatements found by statutory auditors.

• High-end luxury demand in India is expected to grow, with 27 new properties planned by 2030 and 13 out of 15 hotels ranked 1st or 2nd in their competitive set.

Financial highlights

• Q2FY26 consolidated revenue from operations was ₹597.94 crore, up from ₹589.0 crore in Q2FY25, with EBITDA at ₹188.5 crore and PAT at ₹116.56 crore.

• H1FY26 consolidated revenue was ₹1,171.5 crore, up 5% year-over-year, and EBITDA was ₹383.8 crore, up 6% year-over-year.

• Standalone net profit for Q2 FY26 was ₹103.47 crore, compared to ₹36.36 crore in Q2 FY25.

• Cash reserves stood at ₹1,057 crore as of September 30, 2025, supporting future expansion.

• Basic and diluted EPS (consolidated) for Q2 FY26 was ₹1.82, up from ₹0.54 in Q2 FY25.

Outlook and guidance

• Expansion strategy includes 27 new properties (2,097 keys) by 2030, with a mix of owned and managed hotels across domestic and international markets.

• Strong demand is expected in Q3 and Q4, driven by weddings, MICE, and foreign travel, with positive ARR and RevPAR trends anticipated.

• The first half-year results are not indicative of the full year's performance due to the seasonal nature of the Indian hotel industry.