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Earnings Call

EIH Earnings Call: Key Takeaways

EIH Ltd (Oberoi Group) reported Q4 FY26 revenue growth of 10% and highest ever annual EBITDA despite geopolitical headwinds and domestic disruptions.

Why this was an Alfa AlertNot a filter event. Performance was resilient but did not exceed management's prior guidance by >10% on primary metrics.
Highlights
Revenue growthFY26 consolidated revenue up 8% YoY; Q4 up 10%.
MarginsEBITDA growth slowed by business mix changes and higher expenses.
Demand visibilityStrong domestic demand compensating for lower foreign tourist arrivals in Q4.
Management confidenceHigh; citing resilient luxury demand and strong domestic market buffer.

Growth

FY26 RevPAR grew 10-12% YoY. Q4 consolidated revenue up 10%; EBITDA up 1%. Annual consolidated revenue grew 8%.

Outlook

Adding 825 owned keys by 2030 and 24 managed hotels (1,893 keys). FY27 Capex guided at ₹600-700cr.

Risks

West Asia conflict, India-Pakistan tensions (Operation Sindoor), weather disruptions, and one-time wage code impact of ₹30cr.

Last quarter's promises, checked

Delivered

  • Guided 50 keys at Oberoi Grand Kolkata → delivered 50 keys (= BEAT)
  • Guided RevPAR growth in international hotels → delivered 11% growth (= BEAT)
  • Guided ARR growth of 8-10% → delivered 9-10% (= BEAT)

Partly delivered

  • Guided FY26 Capex → delivered ₹680cr vs ₹600-700cr range (= PARTIAL)

Missed

  • Guided EBITDA growth matching revenue → delivered 7% vs 9% revenue (= MISS)
  • Guided PAT growth → delivered -9% YoY due to wage code (= MISS)
Source

Earnings Call filed with BSE, NSE: EIHOTEL. Summary written with AI assistance from the document.

Read the document ↗

EIH Ltd: key numbers

Share price
₹294.70
Market cap
₹18,429 Cr
Revenue (annual)
₹2,940 Cr
Net profit (annual)
₹628.3 Cr
P/E (TTM)
25.9×Sector 43.7×
Promoter holding
32.85%+0.00% QoQ
FII holding
6.65%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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