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Earnings Call

Kamat Hotels (India) Earnings Call: Key Takeaways

Kamat Hotels reported solid FY26 results with 19% Q4 revenue growth, though EBITDA margins faced pressure from wage code changes and new property gestation periods.

Highlights
Revenue growthFY26 revenue reached ₹386cr, showing 8% annual growth.
MarginsEBITDA margins at 25.1% for FY26; impacted by labor cost inflation.
Demand visibilityStrong domestic demand for weddings and MICE; foreign travel remains subdued.
Management confidenceCautiously optimistic; focusing on domestic demand and tightening internal costs.

Growth

FY26 revenue grew 8% to ₹386cr; Q4 revenue up 19% YoY. Growth is domestically driven, overcoming foreign travel laggards.

Outlook

Exiting Ira Mumbai will reduce annual revenue by ₹50cr but improve EBITDA by ₹1-2cr. Opening 150-200 keys in FY27.

Risks

Higher labor costs from new wage codes and EBITDA drag from stabilizing new properties like Orchid Rishikesh and Fort Jadhavgadh.

Source

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

Read the document ↗

Kamat Hotels (India) Ltd: key numbers

Share price
₹237.13
Market cap
₹699.1 Cr
Revenue (annual)
₹385.6 Cr
Net profit (annual)
₹34.38 Cr
P/E (TTM)
17.4×Sector 43.7×
Promoter holding
57.78%+0.00% QoQ
FII holding
0.02%Current quarter

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

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