Ventive Hospitality announced strong Q3 FY26 results, driven by broad-based growth across India and the Maldives. Hospitality revenue grew by 35% year-on-year, while EBITDA increased by 54%. The company is on track to achieve its annual plan and anticipates strong momentum into FY27. Key highlights include significant ADR growth in India, superior profitability, and consistent margin expansion.
Financial Performance Highlights
Ventive Hospitality reported strong financial results for Q3 FY26, demonstrating robust growth across its key markets:
- Hospitality revenue increased by 35% year-on-year.
- EBITDA surged by 54%, with margins expanding to 40%.
- Annuity revenues grew by 15%.
India Performance
The India hotel revenue, including the contribution from Hilton Goa, saw a notable increase:
- Revenue grew by 22% year-on-year.
- Same-store revenue growth in India was 17%.
- EBITDA grew by 33%, with margins expanding to 41%.
- ADR rose by 17% to over ₹13,000.
Maldives Performance
The Maldives also experienced substantial growth, driven by strong occupancy rates:
- Revenue grew by 46%.
- Same-store occupancy increased by 4 percentage points to 65%.
- EBITDA grew by 72%, with margins expanding by 6 percentage points to 39%.
Strategic Developments
Ventive Hospitality is actively pursuing strategic developments to enhance its portfolio:
- Development pipeline remains on track with projects including Marriott Varanasi and Ritz-Carlton Reserve, Pottuvil.
- ROFO assets, including the JW Marriott, Navi Mumbai, are progressing through approvals.
- The recent acquisition of Hilton Goa expands asset portfolio and adds 60-65 new rooms.
Guidance and Outlook
Ventive Hospitality is confident in achieving its annual plan for FY26 and anticipates strong momentum into FY27. The company is also focused on maintaining a strong balance sheet and pursuing disciplined, value-accretive growth opportunities.
Source: BSE
