Sterling Holiday Resorts Reports Record Q1 FY27 Results, Highlighting Transformation into Resilient Hospitality Platform

Sterling Holiday Resorts Reports Record Q1 FY27 Results, Highlighting Transformation into Resilient Hospitality Platform​

Chennai, August 4, 2026 — Sterling Holiday Resorts Limited (SHRL), a leading Indian hospitality company, reported its strongest-ever quarterly performance for Q1 FY27. The results reflect the emergence of SHRL as a highly scalable, profitable, and resilient hospitality platform, delivering record figures across revenue, EBITDA, Profit Before Tax (PBT), and Operating Free Cash Flow.

The company reported Total Revenue reaching ₹1.7 Billion, marking a 21% increase year-on-year. EBITDA increased by 21%, maintaining an industry-leading margin of 37%. PBT saw an even steeper rise of 30% over the same period, and Operating Free Cash Flow also grew by 30%, indicating strong operating leverage and robust cash generation capabilities.

Sterling Holiday Resorts Limited has maintained complete financial stability, remaining debt-free and holding cash reserves exceeding ₹3.7 Billion, which provides substantial flexibility for investment in technology, guest experience, and expansion.

Operational Strength and Brand Differentiation​

The quality of Sterling’s earnings continued to improve operationally. Occupancy rates increased by 700 basis points (BPS) to 77%, despite a significant increase in available inventory. Average Room Rate reached a record ₹7,809, while Total Revenue Per Available Room (TRevPAR) increased by 20%.

Operational performance was supported by growth across key revenue streams:


Sterling continues to grow its footprint, operating 78 resorts with nearly 3,800 rooms across more than 65 destinations. The company has a visible development pipeline encompassing over 35 additional resorts and more than 2,000 new rooms, supported by its asset-right strategy.

Award Recognition​

Customer excellence was highlighted as a core differentiator for the brand. Sterling Kanha achieved Tripadvisor's prestigious "Best of the Best" Award for the fourth consecutive year. This distinction places the resort among the top 1% globally and makes Sterling one of the few resorts worldwide to achieve this status over four successive years. Furthermore, 28 Sterling resorts secured Tripadvisor Travellers’ Choice Awards, with 12 properties earning recognition for three consecutive years.

Commenting on the performance, Mr. Vikram Lalvani, Managing Director & CEO of Sterling Holiday Resorts Limited, stated that Q1 FY27 represents a defining milestone in the company's journey. He emphasized that while it was the best quarter ever across every key metric, its significance lies in reflecting the business’s transformation into a scalable and resilient hospitality platform.

Mr. Lalvani added, "Over the last five years, Sterling has built the foundations of a high-quality hospitality company. Over the next five years, our ambition is to compound that transformation into consistent growth, stronger returns on capital, increasing cash generation and sustained stakeholder value creation."

Company Overview​

Sterling Holiday Resorts Limited is a 100% independently managed subsidiary of Thomas Cook (India) Limited and operates as part of Fairfax Financial Holdings Limited. The company caters to various segments including leisure travelers, MICE events, destination weddings, and group travel across its extensive portfolio of resorts located in over 65 destinations throughout India.

THOMASCOOK Stock Price Movement​

Thomas Cook (India) Limited shares slipped by 1.07% today, settling at ₹105.97 in post-market trading. The stock saw robust activity, with a total traded volume of 4.43 million shares recorded during the session.