Ventive Hospitality announced strong Q2 FY26 results, with EBITDA growing by 50% and revenue up 28% year-over-year. The company reported robust performance in both India and Maldives, driven by operational efficiency and strategic acquisitions. India’s revenue grew by 14% and EBITDA by 47%. The company also highlighted key acquisitions and sustainability efforts.
Financial Highlights
Ventive Hospitality reported a consolidated revenue of ₹554.5 crores, a 28% increase year-over-year. Excluding foreign exchange gains, revenue growth was 16.6%. EBITDA reached ₹254.8 crores, up 50% year-over-year, with margins expanding to 46%.
India Business Performance
The India business saw revenue growth of 14% and EBITDA growth of 47%. This was driven by increased ADR (Average Daily Rate), which grew by 12% to ₹11,335. Occupancy in India improved to 66%, resulting in RevPAR (Revenue Per Available Room) growth of 13% to ₹7,486. F&B and banqueting revenues also increased by 17%.
Maldives Portfolio
The Maldives portfolio continued its strong performance, with EBITDA growing by 164% year-over-year. Same-store EBITDA rose 91%, with margins up by 5 percentage points to 13%. This was attributed to operational recovery and integration of assets. The company is also making progress on its solar installation program across all three resorts.
Strategic Acquisitions
Ventive Hospitality announced strategic acquisitions: a controlling stake in Soboho Private Limited to operate Soho House in India and the acquisition of a 76% stake in the Hilton Goa Resort. The investment for the Soho House deal is approximately ₹60 crore for a 51% stake, and the Hilton Goa Resort acquisition involved a minimal initial cash outflow of ₹120 crore.
Debt and Financial Position
The company’s cost of funds has decreased, with Indian assets seeing a reduction of 0.8% (from 8.2% to 7.36%) and Maldivian debt reduced by 0.5% (from 7.7% to 7.27%). As of September 30, 2025, total debt stood at ₹2,129 crore, and the company retains an AA rating with a stable outlook from CRISIL.
Sustainability Initiatives
Ventive Hospitality continues its focus on sustainability, with the Ritz Carlton, Pune, achieving the highest LEED Platinum Certification and ISO 14001:2015. Other initiatives include eco-certifications for Conrad Maldives Rangali Island and partnerships for seagrass ecosystem protection.
Expansion Pipeline
The company aims to reach 4000 keys by FY30. Projects under development include assets in Varanasi (by FY28), a Ritz Carlton Reserve (also by FY28), and an AC by Marriott (by FY27). Four ROFO assets are expected to be ready by FY30.
Source: BSE