Kamat Hotels (I) Limited has informed the Exchange about Transcript
KAMATHOTEL · price
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Kamat Hotels reported Q1 FY26 consolidated revenue of INR 83 crores, up ~12% year-on-year, with EBITDA of INR 18 crores (up ~37%) at a 21.91% margin and profit after tax of INR 4 crores (up 291%). Management attributed some softness in early May to Operation Sindoor, which affected leisure destinations like Shimla, Manali, and Chandigarh. The company currently runs ~19 hotels with ~1,825 rooms and plans to expand to ~25 operational hotels and ~2,500 rooms by year-end, targeting 30 hotels by March 2026. New openings include Rishikesh, Dwarka, Bhavnagar, Panchgani, Nashik, Dehradun, and Hyderabad. Guidance includes FY26 revenue of INR 400 crores (acknowledged as conservative) and FY27 revenue potentially touching INR 500 crores, with EBITDA margins expected to remain stable around 29-30% and blended ARR target of INR 7,500. Debt stands at INR 95-98 crores at ~10% interest, which the company aims to bring below 9%.
Positive signals for shareholders: strong profit growth (PAT +291%), aggressive but selective hotel expansion, potential upside on FY26 revenue guidance, and a debt reduction roadmap. New properties in high-ADR markets like Rishikesh and Puri could boost future margins, though near-term margin pressure from stabilizing new hotels remains a watchpoint.