New Delhi: Luxury hospitality chain Leela Palaces Hotels & Resorts has reported operating revenue of Rs 484.4 crore for quarter four of financial year 2026, up 12% year on year. The chain said its profit after tax (PAT) rose 46% to Rs 172 crore during the quarter under review. Leela'soperating EBITDA margin stood at approximately 55%, expanding by 57 basis points year-on-year.
Revenue per available room for the chain's five owned palaces increased 6% year-on-year to Rs 23,028, supported by a 15% rise in average daily rate to Rs 32,059, partly offset by moderation in occupancy due to geopolitical disruptions. On an annual basis, Leela's operating revenue grew 15% year-on-year to Rs 1527.3 crore, while profit after tax was up 8.5 times to Rs 403 crore in financial year 2026.
Also Read: Leela Palaces Hotels acquires luxury resort in Coorg
Anuraag Bhatnagar, whole time director and CEO said financial year 2026 has been a 'landmark year' for The Leela.
"We delivered a strong, broad-based performance led by double-digit revenue per available room growth, driving a 19% EBITDA growth and our highest ever PAT of Rs 403 crore," he said.
"Our revenue per available room outperformance at 2.3 times of the luxury segment continues to deliver market share gains, underscoring our pricing power. As demand continues to significantly outpace supply in the luxury segment, we have strategically expanded our portfolio and pipeline across key destinations including Mumbai BKC, Dubai, Jaisalmer, and Coorg," he added.
Bhatnagar said with a strong balance sheet and net debt to EBITDA at 1.6 times, the chain is 'well positioned' to scale and capitalize on the next phase of luxury demand growth.
Also Read: Leela Palaces incorporates new subsidiary for luxury hotels, resorts
The chain said sustained average daily rate expansion, faster F&B growth and 'resilient' domestic demand, even amidst geopolitical headwinds, drove healthy operational performance in quarter four.
Leela's same-store revenue per available room for the five owned palaces grew 14% year-on-year to Rs 17,460, with average daily rate up 13% to Rs 25,375 and a 1 percentage improvement in occupancy to 69%.
Financial year 2026 marked Leela’s fastest pace of expansion with four additions across Mumbai BKC, Palm Jumeirah (Dubai), Jaisalmer, and Coorg, driving a 23% growth in keys.
Leela has a scaled footprint of over 5,200 luxury keys across business and leisure destinations, with 15 operational hotels (4,162 keys) and 9 hotels in the pipeline (1,065 keys).
The chain said its net debt reduced from Rs 2568 crore financial year 2025 to Rs 1271 crore in financial year 2026, with Net Debt to EBITDA improving from 3.7x to 1.6x as of March 31, 2026.
Revenue per available room for the chain's five owned palaces increased 6% year-on-year to Rs 23,028, supported by a 15% rise in average daily rate to Rs 32,059, partly offset by moderation in occupancy due to geopolitical disruptions. On an annual basis, Leela's operating revenue grew 15% year-on-year to Rs 1527.3 crore, while profit after tax was up 8.5 times to Rs 403 crore in financial year 2026.
Also Read: Leela Palaces Hotels acquires luxury resort in Coorg
Anuraag Bhatnagar, whole time director and CEO said financial year 2026 has been a 'landmark year' for The Leela.
"We delivered a strong, broad-based performance led by double-digit revenue per available room growth, driving a 19% EBITDA growth and our highest ever PAT of Rs 403 crore," he said.
"Our revenue per available room outperformance at 2.3 times of the luxury segment continues to deliver market share gains, underscoring our pricing power. As demand continues to significantly outpace supply in the luxury segment, we have strategically expanded our portfolio and pipeline across key destinations including Mumbai BKC, Dubai, Jaisalmer, and Coorg," he added.
Bhatnagar said with a strong balance sheet and net debt to EBITDA at 1.6 times, the chain is 'well positioned' to scale and capitalize on the next phase of luxury demand growth.
Also Read: Leela Palaces incorporates new subsidiary for luxury hotels, resorts
The chain said sustained average daily rate expansion, faster F&B growth and 'resilient' domestic demand, even amidst geopolitical headwinds, drove healthy operational performance in quarter four.
Leela's same-store revenue per available room for the five owned palaces grew 14% year-on-year to Rs 17,460, with average daily rate up 13% to Rs 25,375 and a 1 percentage improvement in occupancy to 69%.
Financial year 2026 marked Leela’s fastest pace of expansion with four additions across Mumbai BKC, Palm Jumeirah (Dubai), Jaisalmer, and Coorg, driving a 23% growth in keys.
Leela has a scaled footprint of over 5,200 luxury keys across business and leisure destinations, with 15 operational hotels (4,162 keys) and 9 hotels in the pipeline (1,065 keys).
The chain said its net debt reduced from Rs 2568 crore financial year 2025 to Rs 1271 crore in financial year 2026, with Net Debt to EBITDA improving from 3.7x to 1.6x as of March 31, 2026.
