Samhi Hotels Posts Q1 FY27 Results: Strong Portfolio Occupancy Amid Industry Headwinds

Samhi Hotels Posts Q1 FY27 Results: Strong Portfolio Occupancy Amid Industry Headwinds​

Samhi Hotels Limited has reported its financial performance for the first quarter of Fiscal Year 2027 (Q1 FY27), demonstrating resilience amid geopolitical and macroeconomic headwinds. The company reported Total Income of ₹3,083mn, showing a +7.3% year-on-year increase when compared to adjusted figures, while Consolidated EBITDA stood at ₹1,013mn.

The results reflect the company's diverse portfolio, which is supported by significant growth projects in both urban business and leisure segments.

Financial Summary (Q1 FY27)​

When analyzing the Q1 FY27 data, it is crucial to distinguish between reported figures and comparable performance metrics, as the reported numbers were impacted by one-time entries and GST changes.

The table below outlines the key financial outcomes for the quarter:


The company reported that the GST change, specifically a shift from 12% with ITC to 5% without input credit, compressed the reported EBITDA growth by approximately ₹92mn for the quarter.

Operational Performance and Segment Analysis​

Operational metrics showcased a strong performance across the portfolio. The comparable revenue growth was recorded at +10.8% year-on-year, supported by high occupancy rates. The company reported an Occupancy level of ~79.3%, up from approximately 74.2% in Q1 FY26, translating to a RevPAR growth of +9.6% year-on-year.

Domestic travel remains a resilient segment, accounting for 81% of the total room nights sold in the first quarter, an increase from 78% during the same period last year.

The company's diversified portfolio is segmented across three categories: Upper Upscale & Upscale, Upper Mid-scale, and Mid-scale. In Q1 FY27, the revenue contribution from the segments was as follows:

Portfolio Strength and Growth Pipeline​

Samhi Hotels is structured as a diversified, multi-branded hotel company with an established base of 31 business hotels, comprising 4,899 rooms, which generated approximately ₹12.5bn in revenue during FY2026.

The near-term growth pipeline includes the addition of 7 new hotels, representing 1,669 rooms. The long-term potential is underpinned by a leisure hotel platform encompassing 75 hotels and 1,046 rooms, providing opportunities for asset light, experience-led travel in key destinations across the Indian subcontinent.

Several strategic growth projects are underway to bolster future revenue streams:

• Urban Expansion: Projects include the development of W in Hyderabad (Upper Upscale & Upsale), an Upper Upscale hotel planned with Ingka Centres in Sec-51, Noida (162 rooms), and ongoing work on Westin, Whitefield, Bangalore (220 rooms).
• Mid-scale Growth: The company operates 12 Mid-scale hotels with 1,729 rooms, including existing assets like Holiday Inn Express in Hyderabad's Hi-tech City.

Financial Health and Strategy​

The balance sheet remains healthy. Net Debt stood at approximately 3.2x EBITDA. Management has emphasized that the combined strength of the operational portfolio and the development pipeline provides a formidable path to growth.

The company maintains a core strategy focused on leveraging its track record in acquisitions and turn-around, which helps build scale at replacement cost discount. The leisure segment is being rapidly expanded through RARE India—a platform comprising 75 hotels and 1,046 rooms, positioned for distribution via Marriott Bonvoy's Outdoor Collection.

SAMHI Stock Price Movement​

Samhi Hotels Limited shares slipped on Monday, closing down 0.41% to settle at ₹179.10. The stock saw substantial activity during the session, with a total traded volume reaching 777,492 shares.