Q3 2026 Kamat Hotels (India) Ltd Earnings Call Transcript
Key Points
- Kamat Hotels (India) Ltd (BOM:526668) reported a 12% year-on-year increase in revenue for the third quarter, reaching INR118 crores.
- The company achieved an EBITDA of INR39 crore for the quarter, with a margin of 33.14%.
- New hotel openings, such as Orchid Rishikesh and upcoming properties in Dehradun, Gwalior, and Bhavnagar, are expected to add approximately 280 to 290 rooms, strengthening the company's portfolio.
- The company is focusing on a semi-asset light approach and quality-driven strategy, which has resulted in excellent responses and returns from newly opened hotels.
- Government initiatives and spending on tourism-related events are expected to indirectly benefit the company's business.
- Profit after tax for the quarter decreased to INR19 crore from INR26 crore in the corresponding quarter of the previous year, with a margin of 16.23%.
- The company faced challenges due to aviation disruptions and road conditions affecting leisure travel, particularly impacting hotels in Shimla and Manali.
- Delays in opening new hotels, such as Dehradun and Gwalior, have resulted in additional operational expenses without corresponding revenue.
- The company's total number of keys increased by 32%, but revenue growth was only 10-12%, indicating underperformance in some new and existing hotels.
- Occupancy rates for some properties, such as Lotus in Goa, were lower than expected, affecting overall performance.
Ladies and gentlemen, good day and welcome to the Q3 and 9 months FY'26 conference call of Kamath Hotels (India) Limited. (Operator Instructions)
I would now like to hand the conference over to Ms. Purvangi Jain from Valorem Advisors.
Thank you and over to you, ma'am.
Good afternoon, everyone and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the investor relations of Kamath Hotels (India) Limited.
On behalf of the company and Valorem Advisors, I would like to thank you all for participating in the company's earnings conference call for the third quarter and nine months of the financial year 2026.
Before we begin, let me mention a short cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well
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