Hotel Leela shares surge over 5%, hit fresh 52-week high after strong Q1 earnings

Shares of Schloss Bangalore, which operates luxury hotels under the brand name The Leela, rose as much as 5.37% to hit a fresh 52-week high of ₹474.60 on the BSE a day after it reported June quarter earnings. On the National Stock Exchange (NSE), Hotel Leela shares rose as much as 5.51% to hit a fresh 52-week high of ₹474.40.

Schloss Bangalore on Tuesday reported a consolidated net profit of ₹8.76 crore in the first quarter of the current financial year (Q1 FY26) against a loss of ₹75 crore during the same period last year.

Schloss Bangalore's revenue from operations rose 21% to ₹275 crore at the end of Q1 from ₹228 crore in the year-ago period.

"The performance underscores the strength of India’s luxury travel market and the demand for The Leela’s distinctive experiential offerings. We are entering a defining phase of growth with 8 hotels under development, including our strategic expansion into Mumbai through a landmark mixed-use development in BKC featuring a 250-key ultra-luxury hotel, complementing the 63 high-end serviced apartments under development near Mumbai International Airport,” said Anuraag Bhatnagar, Chief Executive Officer of the company.

During the quarter, Hotel Leela's revenue per available room (RevPAR), a key metric of a hotel's profitability, rose by 20% driven by higher ADRs, strong occupancy, and customers’ increasing willingness to pay a premium for the Leela experience, the company said in a press release.

"Growth was further supported by a rise in bookings through direct channels – especially at resort locations – along with strong demand in Meetings, Incentives, Conferences, and Exhibitions (MICE) and Food and Beverage (F&B) verticals. Our owned hotels across all markets posted double-digit RevPAR growth, underscoring the brand’s leadership in India’s luxury hospitality segment," Hotel Leela added.

The Leela currently operates 13 properties with 3,544 keys across 11 cities in India, comprising five owned, seven managed, and one franchised hotel. The company has a multilevel growth engine across same-store growth, new verticals, and expansion through 966 keys across six owned and two managed hotels, the company said.

The company raised ₹3,500 crore from the IPO earlier this year, which was oversubscribed 4.7 times. Hotel Leela shares have since its IPO price surged 7.57% from its issue price of ₹435.

As of 11:32 am, Hotel Leela shares traded 5.26% higher at ₹474, outperforming the SENSEX, which was up 0.3%