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Earnings Call

Lemon Tree Hotels Earnings Call: Key Takeaways

Lemon Tree posted record FY26 results but faced Q4 margin pressure from aggressive renovation spends and GST changes. The narrative focuses on the impending demerger into asset-light and asset-heavy entities to unlock value.

Highlights
Revenue growthFY26 revenue up 13% YoY; Q4 up 11% YoY.
MarginsQ4 margins contracted due to renovation opex and GST impact.
Order bookSigned 55 hotels in FY26; pipeline stands at 10,770 rooms.
Demand visibilityStrong domestic retail demand offsetting temporary corporate travel slowdowns.
Management confidenceBalanced, focused on structural demerger and room signing targets.

Growth

FY26 revenue grew 13% to ₹1,452.7cr; PAT surged 19% led by strong 73.5% occupancy.

Outlook

Targeting 20,000+ rooms; guiding FY28 EBITDA margins toward long-term averages as renovations conclude.

Risks

Renovation slippage, Middle East geopolitical tensions impacting flight traffic, and rising corporate travel curbs.

Source

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

Read the document ↗

Lemon Tree Hotels Ltd: key numbers

Share price
₹106.15
Market cap
₹8,410 Cr
Revenue (annual)
₹1,444 Cr
Net profit (annual)
₹227.1 Cr
P/E (TTM)
35.8×Sector 43.7×
Promoter holding
22.32%+0.00% QoQ
FII holding
19.44%Current quarter

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

More from Lemon Tree Hotels Ltd

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21:35 IST BSE
Acquisition

Lemon Tree Hotels Acquisition Worth ₹120 Cr

Lemon Tree Hotels' subsidiary, Fleur Hotels, acquired land in Bandra, Mumbai, for Rs. 120 Crore to develop a hotel. This acquisition expands the company's property footprint.

Value
₹120.0 Cr
21:26 IST BSE
Capacity Expansion

Lemon Tree Hotels Capacity Expansion: ₹120 Cr Investment

Lemon Tree Hotels' subsidiary, Fleur Hotels, acquired a land parcel in Bandra, Mumbai, for ₹120 Crore to develop a new 172-key hotel property.

Value
₹120.0 Cr
hotel rooms
172.0 keys
20:37 IST BSE
Capacity Expansion

Lemon Tree Hotels Capacity Expansion

Lemon Tree Hotels signed a license agreement for a new hotel in Patancheru, Telangana, adding 90 rooms to its portfolio and expanding its regional presence.

hotel rooms
90.0 rooms
21:42 IST NSE
Acquisition

Lemon Tree Hotels Acquisition

Lemon Tree Hotels received 'no objection' observation letters from NSE and BSE regarding its proposed Composite Scheme of Arrangement involving its subsidiaries.

17:02 IST NSE
Management Change

Lemon Tree Hotels Management Change

Lemon Tree Hotels appointed Mr. Patanjali Govind Keswani as Non-Executive Non-Independent Director and Chairperson, effective April 1, 2027.

17:49 IST BSE
Annual General Meeting

Lemon Tree Hotels Annual General Meeting

Lemon Tree Hotels held its 34th Annual General Meeting on September 18, 2026, via video conferencing. The proceedings covered the adoption of financial statements and director appointments.