Q3 2026 EIH Ltd Earnings Call Transcript
Key Points
- EIH Ltd (BOM:500840) maintained leadership in the luxury hotel segment, with 13 out of 15 hotels ranked first or second in STR benchmarking.
- The company reported a healthy RevPAR growth of 9% to 11% despite disruptions in the Indian aviation market.
- EIH Ltd's Trident brand in the upper upscale segment saw a significant growth of 12.5%, outperforming the industry average.
- The company has a robust expansion pipeline with 30 properties and 2,450 keys expected to be added in the next 3 to 4 years.
- EIH Ltd received several prestigious awards, including India's best awards 2025 for best leisure resort and best hotel.
- The company's occupancy rates were impacted by flight disruptions and higher cancellations in December, leading to a lower RGI for Q3.
- EIH Ltd's EBITDA growth was lower than revenue growth due to a change in business mix and the loss of the Mumbai airport lounge business.
- The company faced a one-time impact of INR30 crores due to a change in the wage code, affecting PAT negatively.
- Occupancy in Bangalore was lower due to the hotel's older infrastructure, necessitating room upgrades to maintain competitiveness.
- The international hotel in Bali showed flat performance compared to last year, unlike other international properties which saw growth.
Good morning ladies and gentlemen, and thank you for attending this virtual meeting. I'm pleased to welcome you on behalf of EIH Limited and SKP Securities to EIH Limited's Q3 FY26 result webinar. We have with us Mr. Vikram Oberoi, managing director and Chief Executive Officer, and Mr. Vineet Kapur, Chief Financial Officer.
Friends, this virtual meeting is being recorded for compliance reasons. During the course of the discussions, there may be certain forward-looking statements. These must be viewed in conjunction with the risks that the company faces. We'll have the opening remarks from Mr. Oberoi followed by a Q&A session.
Thank you, and over to you, Vikram.
Thanks, Navin. Good morning, ladies and gentlemen. Actually, we, we'll follow our normal format, which is that Vineet will make a brief presentation. Some of you may have already seen it, and then we'll go to any questions that you may have. So, with
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