Transcript of the Earnings Call held on May 13, 2026.
VENTIVE · price
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Ventive Hospitality reported strong Q4 FY26 results with consolidated revenue of INR 870 crores (+21% YoY) and EBITDA of INR 476 crores (+28%), with margins expanding to 55% from 52% last year. Full year FY26 revenue stood at INR 2,666 crores (+24%) and EBITDA at INR 1,299 crores (+28%), with margins improving to 49% from 47%. Profit after tax crossed INR 500 crores for the first time. The company highlighted India business as rate-led with ADR growing 13% to INR 12,500, while Maldives delivered 31% revenue growth to INR 1,133 crores with EBITDA margins improving to 35% from 32%. Annuity business remained stable with INR 505 crores revenue and 90% EBITDA margins. Management noted they do not provide specific revenue or earnings guidance but expressed confidence in delivering low-teen revenue and high-teen EBITDA growth in the medium to long term as the platform showed resilience against geopolitical disruptions during the year.
Strong operational performance with margin expansion across segments demonstrates the company's asset quality and operating leverage. The company maintained a healthy balance sheet with net debt/EBITDA at 1.14x and plans to fund upcoming capex of around INR 1,000 crores over three years through internal accruals.