Leela Palaces Hotels Q4 results: Net profit climbs 46% YoY to ₹172 crore, revenue jumps 14%

In the corresponding period of the previous fiscal year, it had logged a profit of ₹117.51 crore, according to a regulatory filing.

Its revenue from operations soared 14.06% YoY to ₹484.42 crore during the quarter under review, as against ₹424.72 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

At an operational level, its adjusted operating EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹265.7 crore for the reporting quarter, reflecting a 13% YoY growth from ₹235.2 crore in the year-ago period.

Its EBITDA margin expanded by 57 basis points (bps) YoY to 55% in Q4 FY26, from 54%.

In the March quarter of FY26, its revenue per available room (RevPAR) for the five owned palaces surged 6% YoY to ₹23,028, compared to ₹21,678 in Q4 FY25. It was supported by a 15% rise in average daily rate (ADR) to ₹32,059, partly offset by a moderation in occupancy due to geopolitical disruptions.

The company’s occupancy fell to 72% for the reporting quarter, from 78%, due to the impact of the war in the Middle East.

During the quarter, the firm sustained its ADR expansion, faster food and beverages (F&B) growth, and resilient domestic demand, even amid geopolitical headwinds, driving healthy operational performance, it stated.

The Leela outperformed the Indian luxury segment, delivering an approximate 2.3x RevPAR growth, with the RevPAR index strengthening to 150 in FY26 from 139 in FY25, reflecting continued market share gains, the company added.

In FY26, its F&B revenue grew 15% YoY to ₹549.9 crore, bolstered by seven curated F&B launches and upgrades across key properties, with higher non-resident contribution in city hotels.

What the management said

Commenting on the earnings, Anuraag Bhatnagar, Whole-time Director and Chief Executive Officer, said: “FY26 has been a landmark year for The Leela. We delivered a strong, broad-based performance led by double-digit RevPAR growth, driving a 19% EBITDA growth and our highest ever PAT of ₹4,030 million. Our RevPAR outperformance at ~2.3 times the luxury segment continues to deliver market share gains, underscoring our pricing power.”

He added that as the demand has continued to significantly outpace supply in the luxury segment, the company has strategically expanded its portfolio and pipeline across key destinations including Mumbai BKC, Dubai, Jaisalmer, and Coorg.

“With a strong balance sheet and Net Debt to EBITDA at 1.6 times, we are well positioned to scale and capitalize on the next phase of luxury demand growth,” Bhatnagar stated.

Shares of the company fell as much as 4.78% to hit an intraday low of ₹406.50 apiece on the National Stock Exchange (NSE) on Tuesday, despite strong Q4 results.

Leela Palaces Hotels & Resorts has a total market capitalisation of ₹13,700.62 crore as of April 28, 2026, according to data on the NSE.