Leela Palaces Hotels & Resorts Limited · NSE:THELEELA
Leela Palaces Hotels & Resorts — Q4 FY2026 Earnings Presentation
46 slides from Leela Palaces Hotels & Resorts's earnings presentation, Apr 28, 2026
Slide 1: Cover letter to stock exchanges
LEELA PALACES HOTELS & RESORTS LIMITED (formerly known as Schloss Bangalore Limited) (formerly known as Schloss Bangalore Private Limited) Registered Office: The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar New Delhi South Delhi 110023 Tel No. +91 (11) 39331234 Email Id: cs@theleela
Slide 2: Q4 & FY26 Earnings Release
Leela Palaces Hotels & Resorts Limited Q4 & FY26 EARNINGS RELEASE 28 April 2026 The Leela Palace Bengaluru
Slide 3: FY26 Highlights: Delivered Strong, All-Round Performance
FY26 Highlights: Delivered Strong, All-Round Performance 1 OPERATIONS: Outperformance v/s Industry 2 GROWTH: Highest Annual Key Addition 19% Operating EBITDA Growth 23% Key Count ↑ 150 86 966 4 RGI NPS Keys Properties 3 FINANCIALS: Record Profitability 4 WELL-CAPITALIZED FOR SCALE ₹4,000 Mn+ 1.6x (8
Slide 4: FY26 Consistent Outperformance vs Luxury Industry
1 FY26|Consistent Outperformance vs Luxury Industry The Leela Brand, Service & Operational Excellence Drive Pricing Power Operating EBITDA NPS^ RGI* ADR* Margin The Leela 86 150 13% 49% Benchmark 74 100 6% Thirties Industry Leading ^ Source: Revinate Hospitality Benchmark Report 2026. Industry avera
Slide 5: FY26 Four Quarters, Four Hotels, Fastest Pace of Expansion
2 FY26|Four Quarters→ Four Hotels→ Fastest Pace of Expansion Mumbai, BKC Palm Jumeirah, Dubai Jaisalmer Coorg CBD International Expansion Destination Resort Luxury Leisure HMA Wellness 71 Keys 250 Keys 546 Keys 80 Keys +19 Expansion 4
Slide 6: FY26 Record Profitability
3 FY26| Record Profitability P R O F I T AF T E R T AX (₹ in Mn) 4,030 1,717 1,479 747 87 477 Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY25 FY26 Delivered Strong Operating Leverage in FY26, Led by Same-Store RevPAR Growth of 14% YoY 5
Slide 7: FY26 Growth-Ready Platform with Robust Balance Sheet
4 FY26|Growth-Ready Platform with Robust Balance Sheet Achieved Debt Reduction Significant Headroom for Growth ₹35,000 Mn IPO Subscribed 4.7x^ Conservative Debt/EBITDA levels 25,677 3.7x 12,707 1.6x FY25 FY26 FY25 FY26 Net Debt (₹ Mn) Net Debt to EBITDA ^Mainboard subscription 6
Slide 8: The Leela Palaces, Hotels and Resorts
The Leela Palaces, Hotels and Resorts “Best Hotel Group of the Year” 6th Consecutive Year The Leela Palace Udaipur
Slide 9: The Leela: 40 Years of Timeless Indian Luxury
The Leela| 40 Years of Timeless Indian Luxury Own the ‘True Indian Luxury’ Space Deepen Guest Engagement Strengthen Brand Visibility and Saliency Scale the Culture of The Leela … through Year-round Activations, Specialised Programming, and Customer Delight Offerings 8
Slide 10: Scaled Footprint: 5,200+ Luxury Keys Across Business & Leisure
Scaled Footprint |5,200+ Luxury Keys Across Business & Leisure Srinagar Strong Growth Pipeline 15 Operational Properties Delhi NCR 24 Properties 9 Properties in Pipeline Jaisalmer Agra Sikkim Jaipur Ayodhya Udaipur Ranthambore Gandhinagar Bandhavgarh Dubai 50% Owned, 50% Managed Mumbai 2,616 Owned K
Slide 11: Tailwinds: Luxury Consumption in India on an Upswing
Tailwinds | Luxury Consumption in India on an Upswing Expansion of Millionaire Households in India Gathering Pace1 Ability and Propensity for Luxury Consumption Rising1 Threshold Net Worth CAGR: 17.5% Uber Rich 872k 15k Households (> ₹ 200 Cr) Ultra Rich 52k Households (> ₹ 100 Cr) CAGR: 16.1% Wealt
Slide 12: The Leela: Growing Footprint, in an Attractive Market
The Leela: Growing Footprint, in an Attractive Market A Decade of Growth, over FY20-FY30 : 2x Keys, 3x Properties and 10x EBITDA FY 30 FY 26 FY 202 24 | 5,2273 New Deals 15 | 4,162 (Acq. + HMA) (1.9x | 1.7x) under Total Properties | Keys 8 | 2,498 evaluation 13 | 2,6163 7 | 1,834 (1.8x | 1.8x) Owned
Slide 13: The Leela Value Proposition
The Leela | Value Proposition The Leela Brookfield Pure Play Luxury Hospitality The Sponsor & Promoter Luxury Market Focus Demand-Supply Strong Growth Pipeline Backing of Long Term Capital, CAGR Gap (1,000+ Luxury Keys) Institutional Ownership (4.9% in FY25-28E) and Sound Governance Brand Strength N
Slide 14: Financial Performance, Operational Highlights, Growth Updates
1 Financial Performance 2 Operational Highlights 3 Growth Updates 4 ESG 5 Annexure 13 The Leela Palace Udaipur
Slide 15: FY26 Double Digit RevPAR Growth
FY26 | Double Digit RevPAR Growth R e vP AR ( ₹ ) AD R ( ₹ ) +13% 25,375 +14% 17,460 22,545 15,306 FY25 FY26 O C C U P AN C Y ( % ) +1pp 69% 68% FY25 FY26 FY25 FY26 Note: Metrics presented above pertains to 5 Owned Palaces 14
Slide 16: FY26 Strong RevPAR Growth Across City & Resort Hotels
FY26 | Strong RevPAR Growth Across City & Resort Hotels C I T Y H O T E L S R E V P AR ( ₹ ) R E S O R T H O T E L S R E V P AR ( ₹ ) +17% 21,329 +13% 16,321 14,427 18,225 FY25 FY26 FY25 FY26 Occupancy 72% 72% 53% 59% ~6 pp Chart not to scale Note: Metrics presented above pertains to 5 Owned Palaces
Slide 17: FY26 Outperforming Luxury Benchmark by 2.3x
FY26 | Outperforming Luxury Benchmark by 2.3x Consistently Gaining Market Share: +11 Points vs India Luxury ▲14% YoY REVPAR GROWTH FY25 17,460 FY26 15,306 ▲6% 11,638 10,976 India Luxury Segment RevPAR Index 150 vs 139 LY Source: CoStar; The Leela metrics presented above pertains to 5 Owned Palaces 1
Slide 18: Q4: Sustained RevPAR Growth Despite Geopolitical Disruption
Q4: Sustained RevPAR Growth Despite Geopolitical Disruption R e vP AR ( ₹ ) AD R ( ₹ ) +15% 32,059 27,918 +6% 23,028 21,678 Q4FY25 Q4FY26 O C C U P AN C Y ( % ) -6pp War Impact 78% 72% Q4FY25 Q4FY26 Q4FY25 Q4FY26 Note: Metrics presented above pertains to 5 Owned Palaces 17
Slide 19: FY26 19% Growth in Operating EBITDA
FY26 | 19% Growth in Operating EBITDA Delivering strong operating leverage in FY26 with a 60% operating EBITDA flowthrough (₹ in Mn) Particulars Q4 FY26 Q4 FY25 Var.% FY26 FY25 Var.% Revenue from operations 4,844 4,247 14% 15,273 13,006 17% Other Income 77 381 (80%) 705 1,060 (33%) Total Revenue 4,9
Slide 20: Delivered on Guidance Despite Recent Headwinds
Delivered on Guidance Despite Recent Headwinds High Teens Operating EBITDA Growth and PAT > Rs 4,000 Mn +19% 8.5x +1,173 Mn 7,429 +3,554Mn 4,030 6,256 477 FY25 FY26 FY25 FY26 Operating EBITDA (₹ Mn) PAT (₹ Mn) Exceeding mid-to-high teens EBITDA Contributed by strong Op EBITDA growth (₹ 1,173Mn) Grow
Slide 21: Strong Balance Sheet
Strong Balance Sheet Improved Leverage Profile and Growth Ready Balance Sheet (₹ in Mn) Particulars Mar’26 Mar’25 Mar’26 Mar’25 Non-Current Assets 83,667 66,719 Cash and Bank Balance(1) 2,861 13,411 Net Debt / 1.6x 3.7x Current Assets 2,709 2,532 LTM EBITDA Total Assets 89,237 82,662 Equity Share Ca
Slide 22: Financial Performance, Operational Highlights, Growth Updates
1 Financial Performance 2 Operational Highlights 3 Growth Updates 4 ESG 5 Annexure 21 The Leela Palace Udaipur
Slide 23: Consistently Highest NPS
Consistently Highest NPS Improved our NPS Score, Further Extending our Leadership Over Industry Industry Average for Luxury segment (1) 86 85 84 9 12 points points 76 74 74 FY24 FY25 FY26 Source: Revinate Hospitality Benchmark Report 2025 & 2026. The Leela Metric presented above pertains to Portfoli
Slide 24: Sustained Excellence Recognised Globally
Sustained Excellence Recognised Globally The Leela Palaces, The Leela Palace Chennai The Leela Gandhinagar Hotels and Resorts Best Luxury Hotel (Domestic) Best Celebration Hotel Best Hotel Group of the Year
Slide 25: Leela Hyderabad: Strong First-Year Operational Performance
Leela Hyderabad | Strong First-Year Operational Performance 62% Occupancy in the first full year of operation 1.24x Average Room Rates compared to peers in FY26 Positive GOP in First Year of Operation 24
Slide 26: Enhancing The F&B Proposition
Enhancing The F&B Proposition 7 Curated F&B Launches and Upgrades Across Key Properties - YoC of +25%^ Qube, New Delhi Le Cirque, New Delhi The Aravalli Dining Room, Jaipur Q1FY26 Q2FY26 Q3FY26 Amber Terrace, Jaipur Peacock Lounge, Jaipur Jamavar, Jaipur Palace Terrace, New Delhi Q3FY26 Q3FY26 Q3FY2
Slide 27: F&B Growth Accelerated with Higher Non-Resident Covers
F&B Growth Accelerated with Higher Non-Resident Covers FY25 FY26 Growth F&B 4,782 5,499 +15% Revenue F&B/Room 70.3% 71.2% +87 bps Revenue Non Resident +13% Absolute Cover Mix 51% 54% growth (City Hotels) 26
Slide 28: Industry Accolades for Our Distinctive F&B Experiences
Industry Accolades for Our Distinctive F&B Experiences ZLB23 The Library Bar The Library Bar ZLB23 Aujasya by The Leela Palace The Leela Palace The Leela Palace The Leela Palace The Leela Bengaluru New Delhi Bengaluru Bengaluru #7 among 30 Best in India #16 among 30 Best in India #10 among Top 12 un
Slide 29: Financial Performance, Operational Highlights, Growth Updates
1 Financial Performance 2 Operational Highlights 3 Growth Updates 4 ESG 5 Annexure 28 The Leela Palace Udaipur
Slide 30: Unveiling The Leela Coorg Forest Sanctuary
New Hotel Unveiling The Leela Coorg Forest Sanctuary Acquired 100% ownership of an all-villa, ultra-luxury operating resort with 71 keys in Coorg 71 Operational Villas 25 Villas with Pool 25,000 sqf Wellness Centre 25 Wellness Rooms 4 F&B Destinations 250 pax Banqueting Capacity1 1. Including indoor
Slide 31: The Leela Coorg Value Proposition
New Hotel The Leela Coorg | Value Proposition Robust market dynamics, significant entry barriers, strong synergy potential with nearby Leela properties Attractive Acquisition, with Expansion Upside Robust Market Fundamentals Most Visited hill station in Purchase Price c. ₹ 5,600 Mn South India, but
Slide 32: Strategic Expansions: Wellness, Desert Leisure and Luxury Homes
Expansion Pipeline Strategic Expansions: Wellness, Desert Leisure and Luxury Homes 3 Assets to Drive Growth in FY27 The Leela Coorg The Leela Luxury The Leela Jaisalmer Forest Sanctuary Residences, Mumbai Actual Actual Render Iconic Resort in South India A Luxury Desert Resort and Spa New Business V
Slide 33: On Track for 1,000+ Keys Addition Across Pipeline Assets
Expansion Pipeline On Track for 1,000+ Keys Addition Across Pipeline Assets Hotel Keys Type Timelines Status Jaisalmer 80 Managed CY26 Property Improvement plan in progress. Final fit-outs for interior works in progress. Façade Mumbai Waterstone 63 Managed CY26 work in advanced stage. Srinagar 170 O
Slide 34: Construction at Full Swing Across All Locations
Expansion Pipeline Construction at Full Swing Across All Locations Waterstones Residences, Andheri Mumbai Jaisalmer Façade Work in Advanced Stage Property Improvement Plan in Progress Srinagar Bandhavgarh Interior Demolition and Scrap Removal in Progress Construction for 15 Villas in Progress 33
Slide 35: Value Accretive Growth Drivers
Same Store Growth Value Accretive Growth Drivers Completion of asset enhancement projects across the portfolio- YoC of ~25%^ Bengaluru Jaipur New Delhi, Jaipur Chennai Render Invite only Ultra Luxury Club Villas upgrade for multi Refurbishment & addition of 7 Solar Plant installation ARQ BY THE LEEL
Slide 36: Case-Study: Active Asset Management Delivering +20% YoC
Same Store Growth Case-Study: Active Asset Management Delivering +20% YoC Upgraded F&B Outlet Q1 FY26 (Qube) Actual Image Upgraded F&B Q2 FY26 Outlet (Le Cirque) Actual Image All weather - MICE Space Q4 FY26 (With Retractable Roof) Actual Image Q1 FY27 ARQ BY THE LEELA The Leela Palace New Delhi Ini
Slide 37: Building Blocks Firmly in Place for Outsized Growth
Near Term Growth Levers Building Blocks Firmly in Place for Outsized Growth FY28 / FY29 • Stabilisation of FY’27 growth levers • HMA fees from Dubai FY27 • 33 Keys at Udaipur (Capacity expansion) Completed • Stabilisation of FY’26 growth levers • The Leela Srinagar • The Leela Jaisalmer • The Leela
Slide 38: Financial Performance, Operational Highlights, Growth Updates
1 Financial Performance 2 Operational Highlights 3 Growth Updates 4 ESG 5 Annexure 37 The Leela Palace Udaipur
Slide 39: ESG – Growing Responsibly
ESG – Growing Responsibly Continued success towards our net zero goal Towards Net Zero By 2050 Environmental Responsible Inclusive Heritage & Stewardship Supply chain Culture Communities 67% 100% 26%(1) 30,000+ Powered by renewables Vendors compliant with Permanent Women talent Community members COC
Slide 40: ESG Initiatives
ESG Initiatives Creating shared value through partnerships Leela’s JMGU – Women Leela Ke Phool Jalinga Tea Ceremonial Rituals Empowerment 3 MT 45% 50 ~190K Of floral Tea sourced from Local artists Embroidered jute waste upcycled a carbon-neutral, supported daily bags procured locally organic estate
Slide 41: CSR – Creating Lasting Impact in Communities We Serve
CSR – Creating Lasting Impact in Communities We Serve Satyarthi Movement for Global Compassion Threads of Tradition Skill development and livelihood initiative aimed at empowering artisans particularly women Beneficiaries: ~50 Artisans Transforming villages into child-friendly communities Beneficiar
Slide 42: Atithi Devo Bhava (Guest is God)
“Atithi Devo Bhava (Guest is God)” The Leela Palace Udaipur
Slide 43: Financial Performance, Operational Highlights, Growth Updates
1 Financial Performance 2 Operational Highlights 3 Growth Updates 4 ESG 5 Annexure 42 The Leela Palace Udaipur
Slide 44: Reconciliation to Operating EBITDA
Reconciliation to Operating EBITDA (₹ in Mn) YoY YoY Particulars Q4 FY26 Q4 FY25 FY26 FY25 Growth Growth Reported Total Revenue (A) 4,921 4,628 6% 15,978 14,066 14% Less: Other Income (77) (381) (705) (1,060) Reported Revenue from Operations (B) 4,844 4,247 14% 15,273 13,006 17% Adj: Rental and othe
Slide 45: Our Journey So Far: Key Quarterly KPIs
Our Journey So Far | Key Quarterly KPIs Operating Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Units Metrics^ FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 Occupancy % 58.7% 62.0% 69.1% 78.0% 59.7% 64.9% 69.4% 77.6% 63.6% 68.7% 71.0% 71.8% ADR ₹ 16,148 19,027 23,224 24,127 16,698 18,042 25,827
Slide 46: Disclaimer
Disclaimer This presentation (“Presentation”) prepared by Leela Palaces Hotels & Resorts Limited (Previously known as ‘Schloss Bangalore Limited’) does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or
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