Leela Palaces Targets Mid-to-High Teens Growth for FY26, Strong Future Outlook

• The Leela Palaces anticipates mid-to-high teens growth for FY26, driven by strong demand in weddings, MICE, leisure, and inbound travel.
• The company has significantly reduced net debt to ₹800 crores and made strategic asset-light expansions, including an international acquisition in Dubai and new management contracts in India.
• FY227 is projected to be another growth year with three new hotel openings, luxury branded residences in Mumbai, and the launch of the high-margin members-only club 'Arq' in multiple cities.
• By FY30, Leela Palaces aims to operate 23 hotels with over 5,100 keys and generate an EBITDA exceeding ₹2,000 crore.
• Q3FY26 saw robust performance with ₹457.40 crore revenue, ₹147.80 crore net profit, and 52% margins, with international business showing strong growth potential.

Why It Matters: Leela Palaces maintains a strong growth outlook for FY26 and beyond, fueled by strategic expansion and debt reduction.