EIH Limited (The Oberoi Group) reported its Q2 financial results on November 14, 2025, highlighting a revenue increase of 2%, though EBITDA declined by 9% due to the absence of The Oberoi Grand and Oberoi Airport Services. H1 revenue grew by 14%, with EBITDA up 12%. The company holds a cash reserve of ₹1050 crores and plans to expand with 27 properties by 2030, including hotels, luxury boats, and a Nile cruiser.
Financial Performance Overview
For the second quarter of FY26, EIH Limited experienced a revenue increase of 2% compared to the previous year. However, EBITDA saw a decrease of 9%, primarily due to The Oberoi Grand and Oberoi Airport Services not being operational this year. Looking at the first half of FY26 (H1), revenue grew by 14%, and EBITDA increased by 12% on a like-to-like basis. As of September end, the company’s cash reserve stood at ₹1050 crores.
Industry Trends & Outlook
The industry reported flat occupancy rates during Q2, with an increase in ARR (Average Room Rate) of 5% to 7%. RevPAR (Revenue Per Available Room) increased by approximately 5% year-over-year. Despite the impact of geopolitical events and excessive rains, the industry performed well in the first half. EIH Limited anticipates significant expansion in the sector, driven by domestic tourism, corporate travel, and infrastructure developments.
Expansion and Future Plans
EIH Limited plans to expand its portfolio to 27 properties by 2030 through direct ownership, joint ventures, and management contracts. This includes 17 “The Oberoi” Hotels, 7 Trident Hotels, 3 luxury boats, and 1 Nile cruiser, with 18 domestic and 9 international properties. “The Oberoi” Rajgarh Palace, featuring 66 keys, is set to become operational from November 16th.
Hotel Performance & Strategy
The company has 13 out of 15 hotels ranked at the top in STR benchmarking. Bookings for rooms with pools at Rajvilas have seen robust demand at high rates. EIH’s strategic approach involves minimizing discounting and focusing on brand positioning, which has proven effective even during challenging periods. The company expects strong demand for weddings and foreign travel in the coming winter months. The Flight Services business has a revenue range of ₹120 to 125 crores for the quarter, showing a growth of 30 to 35% compared to last year.
Source: BSE
