Samhi Hotels reported a 29.6% year-on-year increase in net profit to ₹249mn for the quarter ended June 30, 2026 (Q1FY27), driven by resilient domestic travel demand that offset geopolitical disruptions affecting international arrivals. Total income rose 7.3% to ₹3,083mn, while comparable revenue grew by 10.8%, aligning with management guidance. The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 3, 2026, pursuant to Regulation 30 of the SEBI LODR Regulations.

Operational metrics remained robust, with same-store occupancy reaching 79.3%, up from 74.2% in the prior year period. Same-store Revenue Per Available Room (RevPAR) increased by 9.6% to ₹5,219. Domestic travelers now constitute 81% of total room nights sold, up from 78% in Q1FY26, providing stability amidst international volatility. Consolidated EBITDA grew 12.1% on a comparable basis to ₹1,013mn, though reported EBITDA declined 4.1% due to the impact of GST changes.

Financial Performance Breakdown

The financial results for Q1FY27 reflect strong underlying growth masked by one-time items and regulatory changes in reported figures.

Comparable figures exclude one-time GIC-transaction related items from Q1FY26 and the GST input tax credit (ITC) impact in Q1FY27. Finance costs decreased significantly, contributing to a pre-tax profit before exceptional items of ₹327mn, up 26.4% year-on-year.

Operational Headwinds and GST Impact

The shift in GST structure from 12% with ITC to 5% without input credit compressed reported EBITDA growth by approximately ₹92mn for the quarter. Management noted that operating margins stood at ~36% excluding GST impact, with scope for improvement as the upscale inventory mix increases. Additionally, delays in approvals for the Hyatt Regency Pune apartments resulted in lost revenue in a strong market, although 22 apartments are fully completed.

What the Numbers Show

A key analytical observation is the divergence between reported and comparable profitability metrics. While reported PAT grew 29.6%, comparable PAT surged 179.2%, driven by the absence of one-time expenses in the current quarter and the normalization of finance costs. The effective interest rate has dropped to 7.8%, roughly 300bps lower since the IPO, enhancing capital efficiency. Furthermore, the net debt-to-EBITDA ratio stands at ~3.2x, indicating manageable leverage levels despite the ongoing expansion pipeline.

Growth Pipeline and Leisure Expansion

Samhi Hotels continues to expand its portfolio with 7 new hotels totaling 1,669 rooms in the pipeline. Key upcoming openings include W HITEC City, Hyderabad (170 rooms) in Q4FY27, and Westin Whitefield, Bangalore (220 rooms) in FY30. The company also advanced its leisure strategy through RARE India, which now includes 75 hotels across 15 states. Over 40 RARE hotels have agreed to join the Marriott Outdoor Collection, with pilot properties targeted for integration in H2FY27.

Samhi Hotels has reported a significant rise in occupancy rates for the month of June, with figures climbing to almost 80%. The development highlights robust demand across the company's portfolio and underscores improving performance in the hospitality segment.

Strong Occupancy Performance in June

The near-80% occupancy rate recorded in June reflects healthy utilisation levels across Samhi Hotels' properties. This performance points to sustained demand in the markets where the company operates, contributing positively to its overall operational metrics.

Revenue Expansion Plans

Alongside the occupancy update, Samhi Hotels has announced plans to substantially scale its revenue base. The company aims to grow its revenue from ₹1,200 crores to ₹3,000 crores, representing a significant step-up in its financial targets.

The key highlights from the company's announcements are summarised below:

The combination of improving occupancy metrics and an ambitious revenue growth roadmap positions Samhi Hotels as a notable player to watch in India's hospitality industry. The company's focus on scaling revenues reflects its broader strategy to strengthen its market presence.