Leela Palaces Hotels & Resorts Ltd

Leela Palaces Hotels & Resorts Limited reported strong financial results for Q2 FY27, with operating revenue growing 33% year-on-year to INR 4,119 million and operating EBITDA increasing 36% to INR 1,877 million. The company highlighted a 30% RevPAR growth, driven by strong demand across corporate, leisure, and event sectors, with domestic and international tourism showing resilience. The Net Promoter Score (NPS) reached 87, significantly above the luxury hospitality average. Non-room revenue streams, including F&B and management fees, grew by 21% and 76% respectively. The company emphasized its asset-light strategy, with management fees contributing 7% of revenue and expanding its balance sheet strength, with net debt-to-EBITDA at 1.4x. Strategic developments include new projects like Arq By The Leela and wellness facilities, while the Mumbai BKC project is progressing with plans to acquire FSI. The company remains confident in sustaining growth, with H1 FY27 showing 38% EBITDA growth and a strong outlook for H2. Management guided toward mid-to-high teens EBITDA growth for FY27, with no immediate plans to revise guidance despite a strong H1 performance. The company also discussed ongoing initiatives in talent development and partnerships with educational institutions.

The document emphasizes strong financial performance, growth in key metrics, and confidence in future prospects.