Kamat Hotels (I) Limited — Investor Meet, 05-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kamat Hotels reported strong Q1 FY26 financials: Revenue at INR 83 Cr (+12% YoY), EBITDA at INR 18 Cr (+37% YoY) with 21.91% margin, and PAT at INR 4 Cr (+291% YoY). Management aims for INR 400 Cr revenue this fiscal and INR 500 Cr by FY27. Debt-zero was achieved ahead of schedule. The company is rapidly expanding its asset-light portfolio, targeting 30 operational hotels by March, up from 19, increasing rooms from ~1,850 to ~2,500. New openings include Rishikesh, Dwarka, Bhavnagar, and Panchgani. While growth is strategic and qualitative, not just numerical, the company is confident in future performance and expects stable EBITDA margins.