Leela Palaces Maintains Mid-to-High Teens Growth Outlook for FY26 Amid Strong Q3 Performance
<strong>Leela Palaces Maintains Mid-to-High Teens Growth Outlook for FY26 Amid Strong Q3 Performance is drawing significant interest across the industry.
The Leela Palaces reported strong Q3FY26 results with revenue of ?457.40 crore and net profit of ?147.80 crore at 52% margins, maintaining mid-to-high teens growth guidance for FY26. The company has strengthened its balance sheet by reducing net debt to ?800 crore while adding ?350 crore of EBITDA through strategic acquisitions and management contracts. FY27 growth drivers include three new hotel openings, luxury branded residences in Mumbai, and expansion of the high-margin Arq members-only club. By FY30, the company targets 23 operating hotels with over 5,100 keys and EBITDA exceeding ?2,000 crore.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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