Q1 2027 Ventive Hospitality Ltd Earnings Call Transcript
Key Points
- India hospitality revenue grew 13% YoY to INR203 crores, with EBITDA up 16% and margin expansion to 36%.
- RevPAR in India grew 20% YoY, driven by a 7% occupancy increase and 8% ADR growth, reflecting strong demand.
- Maldives revenue grew 5% YoY despite geopolitical disruptions, with July arrivals recovering to 2025 levels.
- Annuity business maintained high margins with 87% EBITDA margin and 98% committed occupancy.
- Strategic solar investments in India and Maldives are expected to reduce energy costs significantly, improving future margins.
- Acquisition of Sahyadri Hills Wellness Estate (Ritz-Carlton Reserve) adds a luxury wellness resort with branded residences, targeting a yield on cost above 12%.
- Balance sheet remains strong with net debt-to-EBITDA at 1.2x and credit ratings of CRISIL AA/AA+.
- Tax regime transition reduced the applicable tax rate from 34.94% to 25.17%, resulting in a one-time deferred tax reversal of INR102 crores.
- Maldives EBITDA declined 32% YoY due to a sharp rise in fuel costs, with diesel prices doubling during the peak war period.
- Fuel and ancillary costs in Maldives increased by INR19 crores, impacting overall consolidated EBITDA.
- Consolidated EBITDA declined by INR16 crores YoY, primarily due to the Maldives cost pressure.
- The West Asia conflict caused disruptions in Maldives inbound tourism, leading to cancellations in April.
- The Sri Lankan Ritz-Carlton Reserve project has been delayed to FY31 due to environmental permissions.
- The Bengaluru property is temporarily closed for renovation, affecting comparability and performance.
- Fuel costs remain elevated, and the full-year margin recovery in Maldives is uncertain, dependent on geopolitical stability.
Ladies and Gentlemen, Good day and welcome to the Q&FY27 conference call hosted by Ventive Hospitality. (Operator Instructions)
I now hand the conference over to Ms. Aishwarya.V.R, Investor Relations Department at Ventive Hospitality. Thank you and over to you, Ms. Aishwarya.
Thank you. Good evening, everyone, and thank you for joining the earnings conference call for the quarter ended June 30, 2026. Our financial results and investor presentation have been published on the exchanges and the information pack has been placed in the investor relations section of our website www.ventivehospitality.com. Before we proceed, I'd like to highlight that the management may make certain statements that may constitute forward-looking statements. Please be advised that actual results may differ materially from these statements. Ventim Hospitality does not guarantee these statements or results and is not obligated to update them
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