Apeejay Surrendra Park Hotels reported a first-quarter net profit of ₹11.49 crore for the quarter ended June 30, 2026, down from ₹13.42 crore in the corresponding period last year. While consolidated revenue grew 8.1% year-on-year to ₹166.78 crore, the company’s profitability faced headwinds as pre-tax profits declined despite operating leverage.

The hospitality firm logged an EBITDA of ₹51.65 crore for the quarter, up from ₹47.67 crore in the prior year. This represents an improvement in operating efficiency compared to the previous quarter, where EBITDA stood at ₹53.74 crore. However, the bottom-line impact was pronounced, with net profit declining by 14.4% despite higher revenues and improved operating margins.

Financial Performance

What the Numbers Show

The divergence between revenue growth and profit before tax highlights pressure on margins below the operating level. While top-line sales rose by over 8% and EBITDA expanded by 8.3%, profit before tax fell nearly 10%. This suggests that finance costs, depreciation, or other non-operating expenses increased disproportionately relative to operating gains. Additionally, other income more than doubled to ₹4.79 crore from ₹2.28 crore, indicating that non-operating contributions are becoming a larger component of total income, though this was insufficient to offset the decline in core profitability.

The unaudited consolidated financial results were reviewed by the Audit and Risk Management Committee and approved by the Board of Directors in their meeting held on August 14, 2026. The statutory auditors have expressed an unmodified opinion on these consolidated financial results.

Apeejay Surrendra Park Hotels has announced the opening of its iconic bakery and confectionery brand Flurys' first standalone café in Gurugram, located at Galleria Market. The launch, announced on August 07, 2026, marks a significant milestone in the brand's North India expansion strategy, with additional Tea Rooms and cafés planned across Delhi and other parts of North India. As Flurys approaches its centenary in 2027, the Gurugram opening signals a defining new chapter in the brand's growth journey.

A Nearly Century-Old Institution Comes to North India

Founded in 1927 on Kolkata's Park Street by Swiss couple Joseph and Frieda Flury, Flurys introduced generations of Indians to Swiss-inspired patisserie, elegant tea rooms, and European café culture. Today, the brand operates over 110 Tea Rooms, cafés, and kiosks across cities including Kolkata, Mumbai, Hyderabad, Indore, and Gurugram. The Gurugram café represents the brand's first standalone presence in the National Capital Region, bringing its heritage and craftsmanship to a new audience.

Signature Menu and Café Experience

The Gurugram café's menu is anchored by the recipes that have made Flurys a beloved institution across generations. Guests can expect a curated selection of both classic and contemporary offerings:

• Iconic confections: Rum Ball, Chicken Patty, Chocolate Boat, and Buttercream Cubes
• French classics: Millefeuille, Opera, and Paris-Brest
• Specialty dessert: Nolen Gur Crème Brûlée in a Bhanr — a French classic reimagined with Bengal's prized date-palm jaggery
• Beverages: Espresso favourites, Flurys' signature Viennese Coffee, handcrafted teas, cold brews, frappes, and the Chilled Coffee Sprüngli
• Celebration cakes crafted for every occasion

Designed as a 24-hour neighbourhood café, the 16-seater space features archival photographs celebrating Flurys' Park Street heritage, creating a warm and welcoming environment at any hour.

Leadership Voices on the Expansion

Speaking on the launch, Ms. Priya Paul, Chairperson, Apeejay Surrendra Park Hotels, said, "The world's most enduring brands are those that become part of people's lives, and Flurys has done exactly that for nearly a century. It has always stood for simple pleasures, exceptional craftsmanship and the joy of sharing moments over good food. As Flurys enters new cities, our endeavour is not simply to grow its footprint, but to preserve the character and authenticity that have made it an enduring institution across generations."

Mr. Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels Ltd, added, "As Flurys approaches its centenary, we are entering a defining chapter in the brand's journey. North India has long been a target market for us, and Gurugram marks a significant milestone in our expansion plans. With additional tea rooms and cafés planned across Delhi and other parts of India, our focus remains unchanged — to preserve the heritage, craftsmanship and warm hospitality that have defined Flurys since 1927."

Mr. Rohit Kakra, COO, Flurys, noted, "Every Flurys café is designed to feel familiar from the very first visit. Whether someone comes in for a morning coffee, their favourite Rum Ball, a celebration cake or a late-night bite, we want the experience to be warm, welcoming and unmistakably Flurys. We are excited to introduce that experience to Gurugram and become a neighbourhood destination for the city."

About Apeejay Surrendra Park Hotels Limited

Apeejay Surrendra Park Hotels Limited is a leading player in the hospitality sector, operating 42 hotels across India under five distinct brands: THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. Since its inception in 1967 with the opening of its first property in Kolkata, the company has built a pan-India presence spanning upscale and upper mid-scale hospitality categories. Alongside its core hotel operations, the company maintains a diverse portfolio in food and beverage and entertainment, including restaurants, nightclubs, bars, and its retail brand Flurys.