Leela Palaces Records High Growth and Margins in FY26 Results

Leela Palaces Records High Growth and Margins in FY26 Results​

Leela Palaces Hotels & Resorts Limited, India's pure-play luxury hospitality company, announced its financial and operational results for the quarter and full year ending March 31, 2026. The company reported record performance for FY26, characterized by significant growth in revenue, profitability, and margins, significantly outpacing the broader industry.

The financial results highlight a transformative year of growth, with operating revenue reaching ₹15,273 million. Key figures for the period and the most recent quarter are presented below.


*Industry data refers to the India Luxury Segment (April 2025 - March 2026).

The company noted that FY26 marked a landmark performance, driven by double-digit RevPAR growth and robust operating efficiency. The operational highlights for the final quarter included operating revenue rising 12% to ₹4,844 million, with operating EBITDA increasing 13% to ₹2,657 million. Profit after tax (PAT) saw a 46% jump to ₹1,717 million.

For the full year, the performance was even more substantial, with PAT rising nearly eight and a half times to ₹4,030 million. The full-year revenue growth of 15% and 19% EBITDA growth underscores the company's robust market position.

Operational Strengths and Market Leadership​

The Leela emphasized its ability to outperform the luxury segment. The brand delivered an estimated 2.3 times RevPAR growth compared to the industry average, indicating strong pricing power and continued market share gains.

In addition to property performance, the company noted significant growth in its Food and Beverage (F&B) segment, with F&B revenue growing 15% year-on-year to ₹5,499 million, supported by seven curated F&B launches and upgrades across key properties.

The brand continues to build its footprint through disciplined expansion. FY26 saw the company execute four additions across Mumbai BKC, Palm Jumeirah (Dubai), Jaisalmer, and Coorg, contributing to a 23% growth in keys. In Q4 FY26, The Leela Coorg Forest Sanctuary was acquired, an all-villa ultra-luxury resort with 71 keys and further development potential.

The Leela maintains a scaled footprint of over 5,200 luxury keys, comprising 15 operational hotels (4,162 keys) and 9 hotels in the pipeline (1,065 keys).

Balance Sheet and Sustainability​

The company reported a substantial strengthening of its balance sheet. Net debt reduced from ₹25,677 million in FY25 to ₹12,707 million in FY26. This improvement resulted in the Net Debt to EBITDA ratio improving from 3.7x to 1.6x as of March 31, 2026, providing considerable financial flexibility for future expansion.

On the front of sustainability and service, The Leela maintained its Net Promoter Score (NPS) leadership with a score of 86 in FY26, significantly exceeding the luxury segment benchmark of 74 in the APAC region. The brand reaffirmed its commitment to a net zero ambition by 2050, noting that 67% of its power now comes from renewable sources.

THELEELA Stock Price Movement​

Shares of Leela Palaces Hotels & Resorts Limited are shedding 3.28% in live trading, hitting ₹412.90 as of 2:59 PM. This drop occurs amid substantial market activity, with the stock seeing a total volume of 868,789 shares traded.