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Earnings Call

Viceroy Hotels Earnings Call: Key Takeaways

Viceroy Hotels delivered strong revenue and EBITDA growth for Q4 FY26, largely driven by the acquisition of Marriott Executive Apartments Hyderabad. Management is focused on heavy capex for room renovations to improve long-term ADR and margins.

Highlights
Revenue growth35% YoY growth driven by Marriott Executive Apartments acquisition.
MarginsMargins improved to 31.4% helped by lower material and employee costs.
Demand visibilityStrong domestic and corporate demand despite temporary March softness.
Management confidenceConfident, focusing on asset-heavy renovation strategy for premium positioning.

Growth

Revenue grew 35% YoY to ₹49.5cr; EBITDA margin expanded 183bps to 31.4% due to higher-margin apartment contributions.

Outlook

Renovation phase 2 to finish FY27, phase 3 by FY28; targeting ADR above ₹10,000 post-upgrade.

Risks

High debt following acquisition (₹264cr), softening March travel sentiment due to geopolitical tensions, and temporary occupancy dips from renovations.

Source

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

Read the document ↗

Viceroy Hotels Ltd: key numbers

Share price
₹125.36
Market cap
₹962.5 Cr
Revenue (annual)
₹143.2 Cr
Net profit (annual)
₹18.32 Cr
P/E (TTM)
42.2×Sector 43.7×
Promoter holding
74.03%-10.08% QoQ
FII holding
0.00%Current quarter

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

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