Waterways Leisure Tourism Limited — Investor Meet, 28-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Waterways Leisure Tourism Limited's Q1 FY27 conference call transcript is now available. The company reported a net profit of Rs. 22.77 Cr with a 12% net profit margin despite industry headwinds like high fuel costs. Strong demand for Indian cruise vacations was evident with a 10% YoY growth in guests served. Expansion plans include new islands in Lakshadweep, testing West Coast destinations, and the upcoming delivery of two new ships, Cordelia Sky and Cordelia Sun. A loyalty program, Chairman's Club, and a new sales center in Cochin are also in the works to deepen customer engagement.

Management commentary highlighted the impact of fuel costs on EBITDA, with a significant increase in fuel prices offsetting potential gains. However, strategies to recover these costs through fuel surcharges on new bookings and cost-saving initiatives are in place, expected to reflect in Q2/Q3 results. The company plans international sailings to attractive destinations like Sri Lanka and Maldives.

The introduction of new ships, Cordelia Sky and Cordelia Sun, is expected to significantly boost revenue potential due to improved cabin mix, with a substantial increase in premium balcony and suite offerings. Advance bookings for these ships are performing well, with Rs. 65 Cr in advance bookings translating to an estimated Rs. 110-115 Cr in revenue for shorter sailings. The company anticipates double-digit growth for the existing Empress ship and a significant step-up in utilization with the new fleet. Management expressed confidence in driving revenue growth and differentiation in the Indian cruise market.