EIH Limited reported robust financial results for the quarter ended December 31, 2025, marked by significant year-over-year growth in both standalone and consolidated revenue. Consolidated Revenue grew by 9% for the quarter and 7% for the nine months. EBITDA also saw positive trends. The company continues to maintain RevPAR leadership over its competition set and is advancing an aggressive development pipeline of 30 properties.
Q3 FY26 Performance Highlights
Consolidated Performance
For the quarter ended December 31, 2025 (Q3 FY26), EIH Limited reported a Total Revenue of INR 910.0 Cr, marking a 9% increase over the previous year’s Q3 figure of INR 831.2 Cr. Consolidated EBITDA also grew by 7% to INR 413.4 Cr. However, Profit for the period from operations saw a slight dip of 9% YoY, resulting in INR 254.8 Cr, influenced by substantial exceptional items amounting to a less of INR 30.0 Cr in the current quarter.
Nine-Month Consolidated Performance
For the 9-month period ending December 2025, Total Revenue increased by 7% to INR 2,151.8 Cr. EBITDA grew by 4% to INR 797.1 Cr. The Profit for the period from operations declined by 20% to INR 408.2 Cr, largely due to a significant negative impact from Exceptional Items totaling (INR 132.0 Cr) for the 9M period.
Standalone Performance (Q3 FY26)
On a standalone basis, Q3 FY26 Revenue reached a high of INR 810 Cr, with EBITDA at INR 355 Cr and Profit from operations at INR 198 Cr, demonstrating strong operational leverage compared to prior periods.
Operational Metrics and Market Leadership
Industry Context
In Q3 FY25-26, the domestic industry saw moderate growth, with occupancy remaining relatively flat YoY for the 9-month period. Domestic hotels achieved ARR growth of +9–12% and RevPAR growth of +11–13%, driven by corporate, MICE, and festive demand in October-November.
RevPAR Leadership
EIH maintained consistent RevPAR leadership over its STR Competition Set across all domestic managed hotels. For December 2025, the RGI index reached 130%. Furthermore, 13 out of 15 benchmarked hotels ranked 1st or 2nd in their respective competitive sets.
Brand Performance Growth (RevPAR Y-o-Y)
- The Oberoi Hotels: Achieved 5.4% RevPAR growth in Q3 FY26 over Q3 FY25. The 9M RevPAR growth was 11.9%.
- Trident Hotels: Achieved 12.5% RevPAR growth in Q3 FY26 over Q3 FY25. The 9M RevPAR growth was 7.3%.
Monthly Trends (Q3 FY26)
Occupancy peaked in November at 84% (FY26) compared to 83% in the prior year. Quarterly RevPAR for Q3 FY26 stood at INR 19,688, compared to INR 17,784 in Q3 FY25.
City-Level RevPAR Growth
Strong Q3 RevPAR Y-o-Y growth was noted in several cities, including Bhubaneswar (19%) and Hyderabad (19%). International operations posted an 11% RevPAR growth.
Business Footprint and Pipeline
Current Footprint (As of Dec 31, 2025)
The company manages a widespread presence across attractive destinations, totaling 3,801 keys in India across Oberoi and Trident brands, plus the Maidens Hotel. Internationally, there are 408 keys across 6 properties, including Nile Cruisers.
Hotels Development Pipeline
EIH has a substantial pipeline of 30 Properties comprising 2,448 keys slated to open through 2030 and beyond. This includes 20 Oberoi Hotels and 7 Trident Hotels, with a mix of 20 Domestic and 10 International properties planned. Key upcoming openings include several properties in 2026, such as The Oberoi Dahabiya 1 & 2, and The Oberoi Diriyah & Residences.
Recent Opening
The presentation highlights the recent opening of The Oberoi Rajgarh Palace on November 16, 2025.
Liquidity Position
The consolidated funds position remains strong, showing a net positive balance of INR 1,426 Cr as of December 31, 2025, supporting long-term growth plans.
Source: BSE
