ALFA Finder| Revenue growth | Revenue +18% YoY to ₹363.8 Cr; ~₹41 Cr exceptional revenue booked separately. |
|---|---|
| Margins | EBITDA margin 44.6%, up 157bps YoY despite 3.2% SAR/GST hit. |
| Order book | Pipeline 24,061 rooms across 285 hotels; 825 rooms signed vs 523 opened. |
| Demand visibility | Corporate demand muted; non-negotiated business compensating; Q3 unclear post-Diwali. |
| Management confidence | Balanced: upbeat on RevPAR, cautious on corporate demand and war uncertainty. |
Growth
Revenue +18%, RevPAR +18%, EBITDA +22% at 44.6% margin; ~₹22 Cr net exceptional gain flatters PAT.
Outlook
Targets ~2,000 gross key openings in FY27; Bandra ARR ~₹12,000 at FY30 opening.
Risks
Corporate demand muted amid war, oil, inflation; Gurugram lease exit; 530 rooms deflagged; exceptional-driven PAT.
Last quarter's promises, checked
Delivered
- Q2 double-digit growth → revenue +18% (= BEAT)
- Q2 ARR +5-6% → ARR +8% (= BEAT)
- Keys RevPAR double-digit across locations → Keys RevPAR +29% (= BEAT)
Partly delivered
- FY27 net EBITDA margin 'well better than 47%' → Q2 44.6%, FY not reported (= PARTIAL)
- ~2,000 keys opened FY27 → 334 opened in Q1, target reiterated (= PARTIAL)
- Fleur acquisitions 'next few months' for 2,500 rooms → Bandra land acquired only (= PARTIAL)
Missed
- Aurika Shimla to open 'shortly' (Q1 call) → Q3 FY27 (= MISS)
- Corporate demand to recover in Q2 → corporate demand still muted (= 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
- ₹115.10
- Market cap
- ₹9,119 Cr
- Revenue (annual)
- ₹1,444 Cr
- Net profit (annual)
- ₹227.1 Cr
- P/E (TTM)
- 35.5×Sector 47.2×
- Promoter holding
- 22.32%+0.00% QoQ
- FII holding
- 18.27%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 Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹363.8 Cr (+18%), net EBITDA ₹162.2 Cr (+22%, 44.6% margin), PAT ₹79.8 Cr (+90%). Best-ever Q2; asset-light network expansion continues.
Lemon Tree Hotels Q2 FY27 Results: Net Profit ₹79.8 Cr, Up 90.5% YoY
Lemon Tree Hotels Ltd reported revenue from operations of ₹361.4 Cr (+18.0% YoY) and net profit of ₹79.8 Cr (+90.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹79.8 Cr · +90.5% YoY
Lemon Tree Hotels Capacity Expansion
Lemon Tree Hotels opened its 44-room Lemon Tree Resort in Pavagadh, Gujarat, managed by its wholly owned subsidiary Carnation Hotels. The launch marks the group's 11th operational resort.
- hotel rooms
- 44.0 rooms
Lemon Tree Hotels Business Update
Lemon Tree Hotels rebranded three existing hotels in Bengaluru and Hyderabad effective 1 November 2026 following renovation. The changes move two properties to the upscale Lemon Tree Premier brand and one to Lemon Tree Hotel, with no new capacity or monetary amount disclosed.
Lemon Tree Hotels Board Meeting Date
Lemon Tree Hotels announced a board meeting on November 5, 2026, to consider and approve unaudited financial results for the quarter and half-year ended September 30, 2026.
Lemon Tree Hotels Capacity Expansion
Lemon Tree Hotels signed a licence agreement for a 63-room Keys Lite hotel in Bhilwara. The subsidiary-managed property expands its Rajasthan footprint; no value disclosed.
- hotel rooms
- 63.0 rooms