Key takeaway: During the Q4 FY26 Earnings Conference Call, management reported a profit before tax of approximately INR 165 crores, reflecting an 89% increase year-over-year. Revenue growth for FY26 was 12.3%, exceeding the initial commitment of 9% to 11%. The company faced several disruptions, including geopolitical conflicts and severe weather, which impacted revenue by INR 45 to 52 crores. Management highlighted the launch of a GIC platform for upscale hotels, a partnership with Ingka Centers for a new hotel in Noida, and the development of a 700-room project in Navi Mumbai. The consolidated EBITDA for FY26 was INR 463 crores, with a margin of 36.2%. Management set a goal to reduce net debt-to-EBITDA to approximately 2.5x and emphasized a disciplined approach to capital allocation, including potential shareholder returns. The call concluded with management expressing confidence in future growth despite ongoing challenges.

Key takeaway: Management reported that SAMHI Hotels Limited has agreed to acquire a 70% stake in RARE India, a leisure platform with over 60 small experience-led hotels across India, Bhutan, and Nepal. The total investment is approximately INR 47 crores, aimed at scaling RARE into a B2C brand in partnership with Marriott. Management highlighted the growth potential in the leisure segment and emphasized the asset-light model of this investment, which allows for scalability with minimal capital expenditure. They noted that the transaction marks SAMHI's first entry into the leisure segment and its first asset-light investment. Management also discussed the strategic rationale behind the acquisition, including the existing scale of RARE and the anticipated benefits from the affiliation with Marriott's distribution network. The management expressed confidence in the long-term growth opportunities without deviating from their core focus on tier-one business hotels.

Key takeaway: The investor presentation for Samhi Hotels Limited detailed the company's position as the largest owner of multi-branded hotel rooms in India, with 31 operating hotels and 4,904 rooms. Management highlighted their ability to work with institutional capital and a strong track record in acquisitions and turnarounds. The presentation outlined their strategy of focusing on high-potential locations and product upgrades to enhance operating efficiency. It reported a diverse portfolio across various price points, capturing a wide segment of travelers. Financially, the company demonstrated strong fundamentals with a goal of achieving mid-teen ROCEs. The presentation also emphasized sustainability initiatives and strong governance practices, including a diverse board and compliance measures. Overall, management conveyed a comprehensive growth strategy supported by a solid financial foundation.

Key takeaway: SAMHI Hotels Limited held its Q3 FY26 Earnings Conference Call on January 29, 2026. Management reported a strong operating quarter despite external disruptions, with same-store RevPAR growing by 13% year-on-year to INR 5,643 and total income increasing by 16% to INR 342 crores. EBITDA grew by 19% on an underlying basis, although reported growth was moderated to 13.2% due to changes in GST regulations. Management noted that the impact of GST would lead to greater sales volumes in the long term. The company has 4,900 operational rooms and 1,900 rooms under development, aiming to shift revenue mix towards upscale segments. Management highlighted a strong growth pipeline and reaffirmed a goal of reaching INR 3,000 crores in revenue by FY30. The call concluded with management expressing confidence in the resilience of their portfolio and the strength of demand in core markets.