Leela Palaces Hotels & Resorts Q2 FY27 Earnings Call Transcript Released
Leela Palaces Hotels & Resorts released its Q2 FY27 earnings call transcript. The company reported strong performance with 33% operating revenue growth and 36% operating EBITDA growth for Q2 FY27. H1 FY27 saw 30% revenue and 38% EBITDA growth. Management highlighted robust luxury demand in India and a strong development pipeline.
The announcement provides detailed financial performance for the quarter and half-year, along with strategic updates on growth initiatives and future outlook. This level of detail is crucial for investors and analysts, indicating a high impact.
The announcement details a highly successful quarter with significant growth in revenue, EBITDA, and RevPAR, exceeding company guidance. Positive commentary on market demand, brand strength, and future growth prospects indicates a positive sentiment.
Leela Palaces Hotels & Resorts Limited has released the transcript of its Q2 FY27 Earnings Conference Call, which was held on October 14, 2026. The call featured insights from Anuraag Bhatnagar, Whole-Time Director and CEO, and Ravi Shankar, Head - Asset Management and CFO.
During the call, management highlighted exceptional performance for Q2 FY27, with RevPAR growth of 30%, operating revenue growth of 33%, and operating EBITDA growth of 36%. This marks the second consecutive quarter of over 35% EBITDA growth. For the first half of FY27, operating revenue grew by 30% and operating EBITDA by 38%, with margins expanding by 246 basis points. The company reported significant outperformance against its guidance for H1 FY27.
The management emphasized the broadening and deepening of luxury demand in India, constrained supply, and the accrual of value to brands with iconic assets and strong guest franchises. They noted favorable operating conditions, with strong demand across corporate travel, leisure, celebrations, and events, supported by both domestic and international tourism. Premiumization was evident, with a significant rise in suite occupancy.
Strategic initiatives and future growth drivers were also discussed, including the development pipeline, new F&B outlets, wellness facilities, and renewable energy projects. The company is expanding its portfolio with new openings planned, including The Leela Jaisalmer and The Leela Luxury Residences in Mumbai. The Mumbai BKC project is progressing, with the lease deed executed and plans to purchase the entire FSI for the project.
Financially, for Q2 FY27, operating revenue increased by 33% year-on-year to ₹4,119 million, and operating EBITDA increased by 36% to ₹1,877 million, resulting in an operating EBITDA margin of 46%. Profit after tax for the quarter increased by 27% to ₹946 million. For H1 FY27, operating revenue grew by 30% and operating EBITDA by 38%, with PAT growing by 72% to ₹1,433 million.
The company also provided an update on its debt reduction and financial strength, with net debt at ₹12,150 million and a net debt to LTM EBITDA ratio of 1.4x. Borrowing costs have been reduced through active renegotiation with lenders.
The call also addressed analyst questions regarding RevPAR sustainability, international business growth, branded residences in various markets, and the Mumbai BKC project's capex and timeline. The management expressed confidence in driving industry-leading growth.
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Leela Palaces Hotels & Resorts Limited filed this with the NSE as a statutory disclosure, categorised under concall scheduled. 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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See the model portfoliosA plain-language summary of a public exchange filing by Leela Palaces Hotels & Resorts Limited. Read the original for the full detail.