Lemon Tree Hotels Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Lemon Tree Hotels reported strong FY26 results: Revenue at Rs. 1,452.7 Cr (+13% YoY), EBITDA at Rs. 699.3 Cr (+10%), and PAT at Rs. 288.3 Cr (+19%). Gross ARR hit an all-time high of Rs. 6,875 with 73.5% occupancy. Q4 also saw record performance. Margins were impacted by renovation, tech investments, and GST changes, but management expects these costs to normalize, expanding EBITDA margins to ~3.7% of revenue by FY28. Debt reduced to Rs. 1,500 Cr. The asset-light strategy is robust, with 20 new hotels opened and 55 signed in FY26. Fleur Hotels plans to add 2,500 rooms. The demerger will create two distinct entities: a debt-free, high-margin Lemon Tree and a growth-oriented Fleur.