Juniper Hotels Limited delivered a landmark performance in Q3 FY26, achieving its highest-ever quarterly revenue of ₹300 crores with robust operational metrics across its luxury hospitality portfolio. The company's strategic focus on premium segments and operational excellence drove significant margin expansion and revenue growth during the quarter.

Record Financial Performance

The company's financial metrics demonstrated exceptional strength across key parameters during Q3 FY26:

For the nine-month period, Juniper achieved EBITDA of ₹306 crores with 40% margin, while PAT reached ₹91.2 crores, representing 459% year-on-year growth. The company's portfolio ARR stood at ₹12,818 with average occupancy of 78% for the quarter.

Strong Operational Metrics Drive Growth

The company's operational performance reflected successful execution of its premium positioning strategy. Portfolio ARR grew 9% year-on-year, with Grand Hyatt achieving 7% ARR growth and Ahmedabad delivering standout performance with 17% YoY ARR increase. Grand Hyatt occupancy improved by 300 basis points year-on-year to reach 75%.

Food & beverage operations emerged as a key growth driver, generating ₹94 crores in Q3 FY26:

The events segment contributed 64% of F&B revenues, with Grand Hyatt being the primary driver of this growth momentum.

Expansion Pipeline and Development Progress

Juniper's growth strategy encompasses strategic expansion across key markets with significant development milestones ahead:

Current Development Projects

The Bengaluru project represents a significant opportunity with 508 total keys upon completion of both phases, developed at approximately ₹1.75 crores per key. Management expects the Phase I asset to contribute upwards of ₹25 crores EBITDA in FY27, scaling to above ₹50-55 crores on a stabilized basis in FY28.

Strong Balance Sheet Supports Growth

Juniper maintains robust financial position with disciplined capital management. Net bank debt-to-EBITDA stands at 1.3x, while the company holds ₹237 crores in cash and deposits as of December 31, 2025. During the nine-month period, the company repaid ₹30 crores of term loans and ₹88 crores of high-cost ECBs, with average borrowing cost at 8.3%.

The company's annuity assets contributed approximately ₹42 crores during the quarter, equivalent to 1.9x finance costs, providing significant business stability. Management projects capex requirements of ₹274 crores in FY27 and ₹525 crores in FY28, primarily funded through robust cash flows and existing debt capacity.

Market Positioning and Future Outlook

Juniper's strategic positioning in luxury hospitality aligns with India's structural premiumization trends. The company maintains presence in key gateway cities, with 67% of existing keys located in proximity to Delhi, Mumbai, and Bengaluru airports. Domestic air traffic reached 155 million passengers in the first 11 months of FY25, up 7.7% from previous year and 12.9% above pre-COVID levels.

The Indian hospitality market, valued at approximately ₹32 billion in 2023, is projected to grow at 9.4% CAGR through 2030. The luxury segment in metro markets, accounting for 76% of Juniper's revenues, expects limited supply growth of less than 5% CAGR, supporting sustained pricing power and occupancy levels.

Juniper Hotels Limited has announced its unaudited consolidated financial results for the quarter ended December 31, 2025, achieving its highest ever quarterly total income of ₹300.00 crores. The luxury hospitality company demonstrated exceptional operational performance with significant revenue growth and remarkable profitability improvements across all key metrics.

Record Financial Performance

The company's Q3FY26 results showcase unprecedented growth momentum with total income reaching ₹300.00 crores, representing a 15% increase from ₹261.00 crores in Q3FY25. This marks the highest quarterly revenue in the company's history, driven by robust operational performance across all properties.

Nine Months Performance Excellence

For the nine months ended December 31, 2025, the company maintained strong growth trajectory with total income of ₹762.30 crores compared to ₹688.70 crores in the corresponding period last year, reflecting an 11% increase.

Operational Excellence and Key Performance Indicators

The company demonstrated strong operational metrics with consolidated Average Room Rate (ARR) reaching ₹12,818 in Q3FY26, marking a 9% increase from ₹11,714 in Q3FY25. Occupancy rates improved to 78% from 75%, while Revenue Per Available Room (RevPAR) surged 14% to ₹9,972.

Expansion Pipeline and Strategic Developments

The company's expansion pipeline progressed steadily during the quarter, with Bengaluru Phase I comprising 235 keys scheduled to open by Q1FY27. Phase II development with 273 keys is underway with approvals in progress. Additionally, developments for adding 111 keys in Kaziranga remain on track, while the approval process continues for the Guwahati project that will add 340 keys to the portfolio.

Management Commentary and Board Approval

Chairman and Managing Director Arun Kumar Saraf commented on the exceptional performance, highlighting the record quarterly revenue of ₹300 crores and the 500 basis-point expansion in EBITDA margins to 44%. He emphasized the company's aggressive expansion across key locations including Bengaluru, Guwahati, and Kaziranga, positioning the company to add significant capacity by FY29. The Board of Directors approved these results at their meeting held on February 11, 2026, which commenced at 11:05 AM and concluded at 12:45 PM.