Kamat Hotels (India) Limited has scheduled a board meeting for February 03, 2026, to review and approve its unaudited financial results for the third quarter of fiscal year 2026. The hospitality company, which positions itself as "Asia's Pioneering Hospitality Chain of Environmentally Sensitive 5 Star Hotels & Resorts," made this announcement through official communication to stock exchanges.

Board Meeting Details

The meeting will focus on considering and approving the unaudited standalone and consolidated financial results for specific reporting periods. The company has provided clear timelines and regulatory compliance information to ensure transparency with stakeholders.

Regulatory Compliance and Trading Window

In accordance with the company's Code of Conduct for Prevention of Insider Trading, specific trading restrictions will be implemented around the results announcement. The trading window for dealing in company securities will remain closed until 48 hours after the announcement of the unaudited financial results.

The company has formally notified both major stock exchanges - Bombay Stock Exchange Limited and National Stock Exchange of India Limited - about this scheduled board meeting. This notification fulfills the requirements under Regulation 29 of the SEBI Listing Regulations.

Company Information

Kamat Hotels operates under the stock symbol KAMATHOTEL on NSE and code 526668 on BSE. The company's registered office is located at 70-C, Nehru Road, Vile Parle (East), Mumbai. The announcement was signed by Nikhil Singh, Company Secretary & Compliance Officer, and digitally authenticated on January 28, 2026.

The company operates multiple hospitality brands including The Orchid Hotels & Resorts, Fort Jadhav Gadh, Mahodadhi Palace, Lotus Resorts By Orchid Hotels, and Ira By Orchid Hotels, reflecting its diverse portfolio in the hospitality sector.

Kamat Hotels India Limited (KHIL) reported a challenging second quarter for the fiscal year 2026, with consolidated revenue declining 12% year-on-year to INR 75.00 crores. Despite the setback, the company remains optimistic about achieving its annual revenue target of INR 400.00 crores.

Financial Performance

The company's Q2 FY26 results showed significant pressure on profitability:

For the first half of FY26, KHIL's performance remained relatively flat:

Factors Affecting Performance

Several factors contributed to the company's subdued performance in Q2 FY26:

1. Natural Calamities: Road washouts affected properties in Shimla and Manali, significantly impacting revenue.
2. Expansion Costs: Pre-opening expenses for five new hotels, adding 280 rooms, weighed on profitability.
3. Renovation Impact: Ongoing work at Orchid Pune affected MICE (Meetings, Incentives, Conferences, and Exhibitions) business.
4. Seasonal Weakness: Extended monsoon led to revenue drops in Mumbai and Maharashtra properties.

Operational Updates

Despite challenges, KHIL continued its expansion:

• Now operates 24 properties with 2,100 rooms
• Opened new hotels in Panchgani, Dwarka, Rishikesh, Porvorim (Goa), and Hyderabad
• Bhavnagar property opening rescheduled to April due to owner-related delays

Management Commentary

Vishal Kamat, Executive Director of KHIL, expressed confidence in achieving the INR 400.00 crore annual revenue guidance, citing:

• Strong Q3 wedding season bookings
• Improved performance from previously opened hotels
• Positive outlook for new properties, especially Hyderabad, expected to break even in its second month of operation

Future Outlook

The management remains optimistic about H2 FY26 performance, expecting:

• Rebound in occupancy rates, particularly in established properties
• Increased wedding-related business in Q3
• Improved contribution from new and stabilizing properties

Corporate Actions

KHIL has withdrawn a pending merger proposal due to regulatory delays, aiming to remove uncertainty for investors. The company's current shareholding structure remains unchanged.

While the Q2 results present a challenging picture, KHIL's management expresses confidence in a strong second half, banking on seasonal trends and the performance of its expanded portfolio to meet annual targets.

Investors are advised to monitor the company's performance in the coming quarters to assess the realization of management's projections and the impact of recent expansions on overall financial health.