| Management target | Revenue 10.0% FY27 |
|---|
| Revenue growth | 9% YoY growth driven by managed fee income and retail strategy. |
|---|---|
| Margins | Margins compressed 99 bps YoY due to GST and stock appreciation rights. |
| Demand visibility | Strong recovery in July/August after a soft, corporate-heavy Q1 dip. |
| Management confidence | Aggressively optimistic despite Q1 performance aberration caused by West Asia conflict. |
Growth
Q1 FY27 revenue grew 9% YoY, driven by asset-light fee income rising 42%.
Outlook
Targeting 50% consolidated EBITDA margin for FY28 and 75-80% management fee margin for Lemon Tree.
Risks
Persistent margin pressure from GST input loss and significant renovation expenses dragging short-term profitability.
Last quarter's promises, checked
Delivered
- Guided 2,000 room openings for FY26 → delivered 1,523 rooms (= PARTIAL)
- Guided debt reduction → delivered 1,500cr from 1,699cr (= BEAT)
- Guided focus on retail occupancy → delivered 78.5% Q4 occupancy (= BEAT)
Partly delivered
- Guided 5,000 room signings → delivered 4,912 rooms (= PARTIAL)
- Guided renovation completion → delivered 85% of 4,000 heavy rooms (= PARTIAL)
Missed
- Guided 49.4% FY25 margin maintenance → delivered 48.1% FY26 (= MISS)
- Guided 52% Q4 FY25 margin → delivered 52% Q4 FY26 (= MISS/FLAT)
- Guided 12-month demerger timeline → delivered 18-month outer limit (= MISS)
Earnings Call Transcript filed with NSE, NSE: LEMONTREE. Summary written with AI assistance from 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
All →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
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
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
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.
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.
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.