Lemon Tree Hotels Ltd (NSE:LEMONTREE)

Q3 2026 Lemon Tree Hotels Ltd Earnings Call Transcript

Feb 10, 2026 / 10:30 AM GMT

Release Date Price: ₹132.87 (+2.40%)

Transcript

Key Points

Positve

Lemon Tree Hotels Ltd (BOM:541233) recorded its highest ever revenue and EBITDA in Q3 FY26, with revenue growing 15% year-on-year.
The company signed 17 new management and franchise contracts, adding 1,855 rooms to its pipeline, and operationalized 9 hotels, adding 816 rooms to its operational portfolio.
Management fees from third-party owned hotels increased by 24% year-on-year, indicating strong growth in their asset-light strategy.
The company plans to open two blocks of Orika Shimla by Q2 to capture increased demand during the summer season.
Lemon Tree Hotels Ltd (BOM:541233) is focusing on expanding its upper upscale Orika brand, which is less affected by GST changes, indicating a strategic shift towards higher-value offerings.

Negative

EBITDA margin decreased by 133 basis points year-on-year due to increased investments in renovation, technology, and GST impact.
Occupancy for the quarter decreased by 82 basis points year-on-year, indicating potential challenges in maintaining occupancy levels.
The company incurred an expense of 31.3 crores as exceptional items related to labor code impact and property tax payments, affecting profitability.
RevPAR growth was lower than industry averages, particularly affected by weak performance in Gurgaon and tier-two markets.
The impact of GST changes and accelerated renovation led to flat fee income from Fle Hotels, indicating challenges in maintaining consistent revenue growth.

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

LEMO.NS - Lemon Tree Hotels Ltd
Q3 2026 Lemon Tree Hotels Ltd Earnings Call
Feb 10, 2026 / 10:30AM 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 the Lemon Tree Hotel Limited's earnings conference call.

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 and then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Mahitehsh Jain from CDR India.

Thank you and over to you, sir.

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Unidentified_2 [2]
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