Sterling Delivers Record Q3 FY26 Results with Highest-Ever Revenue, EBITDA and Profitability

Sterling Holiday Resorts Ltd., one of India’s leading hospitality brands, reported a record Q3 FY26, delivering the highest quarterly Revenue, EBITDA and Profit Before Tax (PBT) in the company’s history while extending its streak to 24 consecutive profitable quarters.

Financial Highlights
- Highest-ever quarterly revenue, EBITDA, and PBT in company history.
- 24th consecutive profitable quarter, underscoring consistency and quality of growth.
- Revenue: ₹1,582 million (+10% YoY).
- EBITDA margin: 36% (well above industry average).
- Balance sheet: Debt-free, with cash reserves up 54% YoY.

Growth & Expansion
- Portfolio expanded to 72 resorts, hotels & retreats across 59 destinations.
- Over 3,600 operational keys, spanning beaches, hills, jungles, heritage, pilgrimage, and drive-to getaways.
- Rapid ramp-up capability: new resorts achieve operational speed within 1–2 quarters.

Digital Edge
- Sterling ONE proprietary platform driving distribution, especially in Tier 2 & Tier 3 markets.
- Boosts direct bookings, customer engagement, and reach.

Guest Experience & Product Upgrades
- Reinvestment in themed suites, specialty restaurants, wellness & spa offerings.
- Guest satisfaction metrics improved: TripAdvisor rating rose from 4.55 to 4.61.
- Focus on curated on-property experiences to enhance repeat visitation.

Leadership Insight
- Vikram Lalvani, MD & CEO:
“Q3 FY26 has been a landmark quarter for Sterling, delivering record financial performance and significant operational gains. Our ability to grow inventory, enhance yield and strengthen our balance sheet while remaining debt-free demonstrates the robustness of our performance.”

Strategic Outlook
- Strong tailwinds from India’s domestic travel market.
- Continued expansion of resort network, digital capabilities, and guest experience focus.
- Clear visibility for sustained momentum in H2 FY26 and beyond.

This quarter cements Sterling’s position as one of India’s most consistently profitable hospitality brands, balancing aggressive expansion with operational discipline.