Kamat Hotels (I) Limited — Investor Meet, 07-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kamat Hotels reported Q3 FY26 consolidated revenue up 12% YoY to ₹118 Cr, with PAT at ₹19 Cr (vs ₹26 Cr last year). Management noted Q3 was strong despite aviation issues, but new hotel ramp-up losses initially weighed on results. Jamnagar and Chandigarh properties are now turning profitable. Expect 280-290 new rooms from delayed projects to open in FY27, boosting future growth. Mumbai hotels showed healthy ARRs, and Pune renovation quickly boosted rates. Manali/Shimla continue to face road challenges. Net debt is near ₹50 Cr. FY26 revenue target might be missed by 5-7%. Exploring inorganic growth.