Lemon Tree Hotels Ltd. Announces Q2 and HY1 Results; Revenue up 18% to ₹363.8 crore

Lemon Tree Hotels Limited, one of India’s largest hotel chains with seven brands across the upper-upscale, upscale, upper-midscale, midscale and economy segments, announced its unaudited results for the quarter and half year ended 30 September 2026.

Financial Performance
- Revenue up 18% to ₹363.8 crore
- Net EBITDA up 22% to ₹162.2 crore
- EBITDA margin improved 157 bps to 44.6%
- PBT (before exceptional items) up 59% to ₹88.8 crore
- PAT up 90% to ₹79.8 crore
- Cash profit up 28% to ₹97.2 crore

Operating Performance
- RevPAR up 18% to ₹5,137
- Average Room Rate (ARR) up 8% to ₹6,751
- Occupancy increased 633 bps to 76.1%
- Owned hotel revenue up 15% to ₹337 crore

H1 FY27 Highlights
- Revenue up 14% to ₹710.6 crore
- Net EBITDA up 14% to ₹314.0 crore
- PAT up 52% to ₹137.1 crore
- Cash profit up 22% to ₹193.2 crore
- Management fees up 20% to ₹86.1 crore

Brand Performance
- RevPAR growth across all brands:
- Aurika: +17%
- Lemon Tree Premier: +18%
- Lemon Tree Hotels: +15%
- Red Fox: +21%
- Keys: +29%
- Third-party hotel fees up 30% to ₹18.7 crore

Expansion & Pipeline
- Opened 8 hotels (523 rooms) in Q2
- Signed 11 hotels (825 rooms)
- Total portfolio: 285 hotels, 24,061 rooms across 170+ cities
- Acquired land in Bandra, Mumbai for a 172-room Lemon Tree Premier hotel
- Upcoming Aurika hotels:
- Shimla (FY27)
- Shillong (FY28)
- Varanasi (FY29)

Balance Sheet
- Gross debt reduced 11% to ₹1,429.2 crore
- Cost of debt improved to 7.44%
- Debt-to-equity ratio improved to 0.64x

ESG Highlights
- 100% of owned and leased hotels now green building certified
- Renewable energy usage increased to 39.4% (vs. 17.0% in FY25)
- Target: 50% renewable energy usage

Management Commentary
- Record Q2 revenue, profitability, room rates, and occupancy.
- Strong contribution from owned, managed, and franchised hotels.
- Continued focus on asset-light expansion and premium brand growth.