EIH (EIHOTEL) investor relations material

Executive summary

• Q1 FY27 saw strong revenue and profit growth on both standalone and consolidated bases, driven by robust domestic demand and limited new supply, despite a decline in foreign arrivals due to the West Asia crisis.

• Occupancy and average room rates (ARR) increased, with industry occupancy up 2%-4% and ARR up 6%-8% year-over-year; RevPAR leadership maintained with 14 out of 15 hotels ranked first or second in their markets.

• Multiple properties and brands received prestigious global awards, including The Oberoi Rajvilas, Jaipur, voted Best Hotel in the World at Travel + Leisure World's Best Awards 2024.

• Standalone revenue from operations for Q1 FY27 was ₹599.80 crore, up from ₹518.77 crore in Q1 FY26; consolidated revenue was ₹656.96 crore, up from ₹573.58 crore in Q1 FY26.

• Standalone net profit for Q1 FY27 was ₹127.09 crore, and consolidated net profit was ₹120.31 crore, both significantly higher year-over-year.

Financial highlights

• Q1 FY27 consolidated revenue from operations was ₹657 crore, up 15% YoY; EBITDA rose to ₹207 crore.

• PAT surged to ₹120 crore from ₹36.88 crore YoY, a 224% increase; standalone PAT was ₹127.09 crore.

• Standalone total income for Q1 FY27 was ₹658 crore; consolidated total income was ₹697.94 crore.

• Standalone EPS for Q1 FY27 was ₹2.03, up from ₹0.58 in Q1 FY26; consolidated EPS was ₹1.87, up from ₹0.54.

• Cash flow from operations was ₹183 crore; ₹148 crore spent on CapEx, resulting in a net increase of ₹23 crore in funds.

Outlook and guidance

• ARR is expected to continue rising due to limited supply and upcoming MICE events like BRICS and Aero India.

• Demand momentum is expected to remain strong through Q2 and FY27, supported by marquee MICE events and a revival in foreign tourism.

• Foreign tourist arrivals are anticipated to normalize in Q3 and Q4, barring further geopolitical disruptions.

• Renovations will be largely completed by October, minimizing future revenue impact.

• The first quarter's results are not indicative of full-year performance due to the seasonal nature of the Indian hotel industry.