SAMHI Hotels (SAMHI) investor relations material

Executive summary

• Q1 FY 2027 delivered strong operating metrics, with same-store RevPAR up 9.6% YoY to INR 5,220 and occupancy rising to 79.3% from 74.2% YoY, supported by resilient domestic demand (81–82% of room nights) despite international travel headwinds.

• Operating margins (ex-GST impact) reached 36%, with expectations to improve to 40% as upscale inventory grows.

• Growth pipeline includes 1,660 rooms in upper upscale/upscale hotels, 450 rooms being rebranded, and RARE India platform expansion to 75 hotels, targeting high-margin fee income and scalable growth.

• Board approved unaudited standalone and consolidated financial results for Q1 FY27 and authorized a capital raise of up to INR 750 crore.

• Acquisitions included 100% equity in Itmenaan Lodges and 55% partnership interest in RARE India.

Financial highlights

• Q1 FY27 total income was INR 308.3 crores (₹3,083mn), up 7.3% YoY reported and 10.8% YoY comparable; consolidated revenue from operations reached INR 3,052.06 million, up from INR 2,722.11 million YoY.

• Comparable EBITDA grew 12.1% YoY to INR 1,013mn, while reported EBITDA declined 4% YoY due to GST changes and one-time items.

• PBT rose 26.4% YoY to INR 32.7 crores; PAT up 29.7% YoY reported; standalone net profit for Q1 FY27 was INR 12.18 million, compared to a net loss YoY.

• Finance costs declined 12.5% YoY to INR 37.7 crores; effective interest rate reduced to 7.8%.

• Net debt to EBITDA improved to 3.2x (2.4x for operating assets); net debt as of June 30, 2026: INR 1,490 crores.

Outlook and guidance

• Revenue growth guidance remains at 9–11% annually, with expectations to multiply revenue 2.5x by FY 2031 and cumulative cash flow of over INR 2,000 crores for FY 2027–FY 2031.

• Upscale segment expansion and RARE India–Marriott integration expected to boost margins and revenue per key.

• H1 FY 2027 growth expected to be occupancy-led, with rate growth anticipated in H2 as international business recovers; July trends indicate stronger rate growth and robust occupancy.

• Strong capital expenditure planned to add significant room inventory over the next few years.