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Earnings Call Transcript

Viceroy Hotels Earnings Call Transcript: Key Takeaways

Viceroy Hotels delivered a robust Q1 FY27, reporting 77% revenue growth and an EBITDA surge of 144% despite seasonal headwinds and ongoing renovations at its Marriott property.

Highlights
Revenue growthRevenue grew 77% YoY to 44.9 Cr in Q1 FY27.
MarginsEBITDA margins rose to 26.3% from 19% YoY.
Demand visibilityPositive; strong Hyderabad tech-hub growth and business travel trends.
Management confidenceHigh; management focused on margin expansion and asset modernization.

Growth

Strong revenue growth to 44.9 Cr; EBITDA margins expanded 725 bps to 26.3% via operational efficiency and Courtyard stabilization.

Outlook

Management targeting 30% EBITDA margins near-term and 40% long-term, with Courtyard Madhapur operational by FY29-30.

Risks

Near-term EBITDA displacement of 10 Cr expected in FY27 due to Marriott convention center renovation and room offline periods.

Last quarter's promises, checked

Delivered

  • Guided double-digit revenue growth → delivered 77% YoY (= BEAT)
  • Guided 100+ Cr phased renovation → Phase 1 Courtyard completed (= BEAT)
  • Guided Marriott Executive Apartments integration → Reported 9 Cr room revenue (= BEAT)

Partly delivered

  • Guided ADR 9,000-9,500 target → Current levels at 7,605 (= PARTIAL)
Source

Earnings Call Transcript 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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