Kamat Hotels (India) Ltd (NSE:KAMATHOTEL)

Q2 2026 Kamat Hotels (India) Ltd Earnings Call Transcript

Nov 10, 2025 / 07:00 AM GMT

Release Date Price: ₹227.9 (-18.30%)

Transcript

Key Points

Positve

Kamat Hotels (India) Ltd (BOM:526668) opened five new hotels, adding approximately 280 rooms, increasing their operational properties to 24 with 2,100 rooms across the country.
The company is confident about achieving its revenue target of INR 400 crore for the fiscal year, despite the challenges faced in Q2.
Renovation and upgradation efforts at the Pune Orchid are expected to enhance the hotel's class standards and improve future revenue.
The company has a strong sales network across India, with a team of 45 people, which helps maintain a balance between direct sales and reliance on online travel agents.
Kamat Hotels (India) Ltd (BOM:526668) is actively expanding its portfolio with new properties in the pipeline, aiming to reach 2,500 operational rooms by 2026.

Negative

The company reported a 12% year-on-year decline in revenue for Q2, with EBITDA falling by 63% and a loss of INR 30 lakhs compared to a profit in the previous year.
Occupancy levels have fallen, particularly affecting revenue and overall performance, with significant impacts from the monsoon season and renovation activities.
Subsidiary performance was weak, with specific challenges in Shimla and Manali due to road issues, and new hotel openings adding to cost burdens without immediate revenue offset.
The merger proposal for a property was withdrawn due to prolonged statutory approval processes, causing uncertainty and potential negative optics.
The company faced increased employee and travel costs related to new hotel openings, impacting overall expenses and margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KAMT.NS - Kamat Hotels (India) Ltd
Q2 2026 Kamat Hotels (India) Ltd Earnings Call
Nov 10, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Q2 and H1FY26 conference call of Karma Hotels India. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing 0 on a touchstone phone. Please note that this conference is being recorded.

I now hand the conference over to Ms. Purangi Jane from Vlaamm Advisors.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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