Q4 2026 Kamat Hotels (India) Ltd Earnings Call Transcript
Key Points
- Kamat Hotels (India) Ltd (BOM:526668) reported a 19% year-on-year increase in revenue for Q4, reaching INR110 crore.
- EBITDA for the quarter improved to INR32 crore, with margins expanding by 213 basis points to 29%.
- Profit after tax for the quarter increased by 59% year-on-year, with PAT margins at 16%.
- The company is optimistic about the domestic market, benefiting from strong demand for weddings and domestic travel.
- The opening of the Navi Mumbai Airport is expected to boost business and hospitality sectors in Mumbai and Pune.
- Supply chain challenges, particularly with materials like LPG, are affecting new project executions and causing delays.
- The company experienced a dip in occupancy rates at certain properties, such as Fort JadhavGADH and IRA, impacting overall performance.
- The discontinuation of the IRA Mumbai facility will result in a top-line revenue loss of approximately INR50 crore.
- There was a 4% compression in EBITDA from FY '25 to FY26, partly due to increased labor costs and the impact of the New Wage Code.
- The company faces challenges with new hotels taking time to stabilize and contribute positively to EBITDA.
Ladies and gentlemen, good day, and welcome to the Q4 FY26 conference call of Kamat Hotels India Limited. (Operator Instructions) Please note that this conference is being recorded.
At this time, I would like to hand over the conference to Ms. Purvangi Jain from Valorem Advisors. Thank you, and over to you, ma'am.
Thank you. Good afternoon, everyone, and a warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations of Kamat Hotels India Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings conference call for the fourth quarter and 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 risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's beliefs as well as
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