Ventive Hospitality reported a 7% year-on-year revenue growth to ₹554 crores for the first quarter of FY27, driven by strong performance across its hospitality segments. The company also announced the acquisition of Sahyadri Hills Wellness Estate, a Ritz-Carlton Reserve, for ₹281 crores, bolstering its luxury and branded residences portfolio.
Ventive Hospitality Reports Strong Q1 FY27 Performance
Ventive Hospitality Limited has announced its financial results for the first quarter ended June 30, 2026, reporting a consolidated revenue of ₹554 crores, a 7% increase year-on-year. This growth was primarily attributed to a robust performance in the hospitality segment, which saw revenue rise by 9% year-on-year to ₹420 crores. The India portfolio was a key driver, achieving a significant 13% growth in revenue to ₹203 crores, supported by enhanced occupancy and average room rates. The Maldives operations also contributed positively, with revenue growing by 5% to ₹218 crores, despite geopolitical challenges. The company’s annuity business demonstrated resilience, posting a 3% revenue increase to ₹128 crores.
Acquisition of Sahyadri Hills Wellness Estate
In a strategic move to expand its luxury offerings, Ventive Hospitality has acquired Sahyadri Hills Wellness Estate, a Ritz-Carlton Reserve. The acquisition, representing the 10th such property globally, involved an equity consideration of approximately ₹281 crores and an enterprise value of around ₹466 crores, targeting a yield-on-cost exceeding 12%. This acquisition, completed in July 2026, positions Ventive Hospitality firmly within the high-growth luxury wellness and branded residences segment.
EBITDA and Profitability
Consolidated EBITDA for the quarter stood at ₹205 crores, with a healthy margin of 37%. While the reported EBITDA saw a slight decline due to increased fuel costs in the Maldives, adjusted consolidated EBITDA grew by approximately 5% to ₹230 crores. India EBITDA grew by a strong 16% to ₹74 crores. Profit after tax for the quarter was ₹124 crores, influenced by a tax regime transition that reduced the applicable tax rate and resulted in a net reversal of deferred tax liabilities.
Operational Highlights and Future Outlook
The company highlighted structural progress in managing energy costs in India, with an investment of around ₹60 crores in a captive solar plant for its Pune hotels, expected to increase green energy contribution to 85% and reduce energy bills by up to 45%. In the Maldives, initiatives like increasing solar capacity at Raaya are underway to mitigate fuel cost volatility. The company maintains a positive outlook, focusing on growing revenue, widening margins, disciplined pipeline execution, and strategic acquisitions.
Pipeline and Balance Sheet Strength
Ventive Hospitality’s pipeline includes over 1,700 keys across 8 upcoming hotels. The company also benefits from a promoter group ROFO pipeline of 1,114 keys, providing long-term visibility. The balance sheet remains strong, with total debt at ₹2,095 crores as of June 30, 2026, and a net debt to EBITDA ratio of 1.2x. The company is well-positioned to fund growth through internal accruals.
Source: BSE
