Leela Hotels Q2 FY27 Revenue Up 33% to ₹411.9 Crore, EBITDA Grows 36%
Leela Palaces Hotels & Resorts reported Q2 FY27 results with operating revenue up 33% to ₹411.9 crore and operating EBITDA up 36% to ₹187.7 crore. RevPAR grew 30% driven by a 30% ADR increase. The company's development pipeline is on schedule, and net debt improved to 1.4x LTM EBITDA.
The announcement details significant financial and operational growth, highlighting strong performance in a key quarter. Improvements in profitability, revenue, and operational efficiency are material to investors and stakeholders.
The company reported strong year-on-year growth in revenue, EBITDA, and profit, along with significant improvements in key operational metrics like RevPAR and ADR. Positive commentary from the CEO and recognition from Michelin Keys further support a positive sentiment.
Leela Palaces Hotels & Resorts Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a strong outperformance in Q2 FY27, with operating revenue growing by 33% year-on-year to ₹4,119 million (₹411.9 crore). Operating EBITDA saw a significant increase of 36% to ₹1,877 million (₹187.7 crore), and profit for the period rose by 27% to ₹946 million (₹94.6 crore). The operating EBITDA margin stood at 46%, an improvement of 118 basis points year-on-year.
Revenue Per Available Room (RevPAR) increased by 30% year-on-year to ₹17,225, driven by a 30% rise in Average Daily Rate (ADR) to ₹25,046. This growth was broad-based across retail, corporate, and leisure segments, with the domestic segment experiencing over 30% revenue growth. The company highlighted strong demand for its suites and its ability to command a premium during significant events, such as the BRICS Summit. Room Revenue grew by 39%, F&B Revenue by 21%, and Hotel Management and Advisory (HMA) Fees increased by 76%.
Mr. Anuraag Bhatnagar, Whole-time Director and Chief Executive Officer, commented that the Q2 FY27 performance is a testament to the strength of The Leela brand and the structural tailwinds in India’s luxury hospitality market. He emphasized the robust business fundamentals and operational excellence across verticals, with ADR growth demonstrating sustained pricing power and demand for differentiated luxury experiences.
The company also noted its strong guest advocacy, maintaining a Net Promoter Score (NPS) of 87. Three of its properties, The Leela Palace New Delhi, The Leela Palace Jaipur, and The Leela Palace Chennai, received Michelin Keys for the second consecutive year. The company's development pipeline includes 1,038 keys across 10 properties, with The Leela Jaisalmer and The Leela Luxury Residences, Mumbai slated to commence operations in FY27.
Net debt stood at ₹12,150 million (₹1,215 crore) as of September 30, 2026, with the Net debt to LTM EBITDA ratio improving to 1.4x. The company reiterated its commitment to its Net Zero ambition by 2050 and its ESG initiatives, including renewable energy adoption and its CSR project, Bal Mitra Gram.
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Leela Palaces Hotels & Resorts Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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