Leela Palaces Hotels & Resorts Limited · NSE:THELEELA
Leela Palaces Hotels & Resorts — Q2 FY27 Earnings Presentation
37 slides from Leela Palaces Hotels & Resorts's earnings presentation, Oct 14, 2026
Slide 1: Filing cover letter to stock exchanges
LEELA PALACES HOTELS & RESORTS LIMITED (formerly known as Schloss Bangalore 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.com CIN: L55209DL2019PLC347492 Website: www.theleela.
Slide 2: Q2 FY27 Earnings Release
Leela Palaces Hotels & Resorts Limited Q2 FY27 EARNINGS RELEASE 14 October 2026 The Leela Palace Bengaluru
Slide 3: Q2FY27 | 30%+ Growth Across All Key Metrics
Q2FY27 | 30%+ Growth Across All Key Metrics 1 Record RevPAR Growth 2 Pricing Power Amplified by Demand Strength 30% 30% RevPAR Growth ADR Growth 3 Strong Top-Line Momentum Continues 4 Consecutive quarters of 35%+ EBITDA Growth 33% 36% Operating Revenue Growth Operating EBITDA Growth 2
Slide 4: Record 30% RevPAR Growth
1 Record 30% RevPAR Growth RevPAR (₹) ADR (₹) +30% +30% 25,046 17,225 19,290 Q2FY26 Q2FY27 13,262 OCCUPANCY (%) Ex-Coorg Occupancy has risen to over 70% 69% 69% Q2FY26 Q2FY27 Q2FY26 Q2FY27 Broad-Based Demand and Premium Room Mix Drove ADR Growth; BRICS Added Further Lift Note: Metrics presented abov
Slide 5: Strong Underlying Drivers of Demand and ADR
2 Strong Underlying Drivers of Demand and ADR 30%+ >700bps Domestic Rise in Suite Compression Revenue Growth Occupancy Event All-round Growth Across Retail, Corporate and Leisure Segments 4
Slide 6: All Growth Levers Engaged, Driving Momentum
3 All Growth Levers Engaged, Driving Momentum Operating Revenue (₹ Mn) +27% +33% +39% 441 571 4,119 3,106 Q2 FY26 Room Revenue Non- Room Revenue Q2 FY27 Balanced Revenue Growth led by Same-store and Asset Addition, F&B and Fee Income Streams 5
Slide 7: Second Consecutive Quarter of 35%+ EBITDA Growth
4 Second Consecutive Quarter of 35%+ EBITDA Growth Operating EBITDA (₹ Mn) +38% 3,311 +36% 2,394 +41% 1,877 1,434 1,379 1,014 Q1 Q2 H1 YoY Operating EBITDA Growth FY26 FY27 Demand Acceleration Strengthened Pricing Power and Drove EBITDA Growth 6
Slide 8: 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 4
Slide 9: The Leela | Expanding Across India's Finest Destinations
The Leela | Expanding Across India’s Finest Destinations Strong Growth Pipeline Srinagar 15 Operational Properties Delhi NCR 25 Jaisalmer Jaipur Agra Ayodhya Sikkim Properties Udaipur Ranthambore 10 Properties in Pipeline Gandhinagar Bandhavgarh Dubai Mumbai Tadoba ~50% Owned, 50% Managed Hyderabad
Slide 10: The Leela | Scaling Luxury Across Markets, Segments & Verticals
The Leela | Scaling Luxury Across Markets, Segments & Verticals FY 30 FY 26 FY 202 25 | 5,2573 New Deals 15 | 4,162 (Acq. + HMA) (1.9x | 1.7x) under Total Properties | Keys 8 | 2,498 14 | 2,6463 evaluation 7 | 1,834 (1.8x | 1.8x) Owned Properties | Keys 4 | 1,007 17,460 RevPAR1 (INR) 7,584 (2.3x ove
Slide 11: The Leela | Consistent Performance Since Listing
The Leela | Consistent Performance Since Listing Consistent Double-Digit Growth* Addition of 5 Marquee Assets RevPAR 30% 20% 20% Impact of west Asia Conflict 17% 13% in Mar-26 5% Render Actual Actual BKC Mumbai Dubai Jaisalmer Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 CBD Hotel International L
Slide 12: Operational Performance
01 Operational Performance The Leela Ranked #2 Globally Amongst Best Hotel Brands in the World
Slide 13: Broad-Based RevPAR Growth Across the Portfolio
Broad-Based RevPAR Growth Across the Portfolio City Hotels at record 74% H1 occupancy, while Resorts continue to grow RevPAR amidst Coorg ramp-up 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 ( ₹ ) +18% 14,722 +26% 15,948 12,662 12,456 H1FY26 H1FY27 H1FY26 H1FY27 Ex-Coorg O
Slide 14: Outperforming Luxury Industry Benchmark by ~1.5x
Outperforming Luxury Industry Benchmark by ~1.5x Sustained Outperformance with RevPAR Index expanding to 146 from 141 LY Y o Y R E V P A R G R O W T H (1) +17% Apr-Aug’25 Apr to Aug’26 14,305 12,182 +13% 9,769 8,641 India Luxury Segment The Leela delivered a 5 pts Market Share Gain vs India luxury S
Slide 15: Occupancy Continues to Strengthen, in tandem with ADRs
Occupancy Continues to Strengthen, in tandem with ADRs 68.7% 68.1% 67.9% 66.9% Occupancy 66.5% 66.2% FY23 FY24 FY25 FY26 H1FY26 H1FY27 ADR 17,248 20,966 22,545 25,369 19,064 22,917 Meaningful Occupancy Headroom Available to Capture Growing Demand 14
Slide 16: Scaling Direct Demand Through Brand Website
Scaling Direct Demand Through Brand Website Brand Website Contribution to Room Revenue 15.1% 10.5% 5.5% H1 FY25 H1 FY26 H1 FY27 Brand Website Contribution Increasing Consistently, Improving Distribution Economics 15
Slide 17: A Preferred Choice for High-Profile Events
The Leela - A Preferred Choice for High-Profile Events Prime locations and strong brand equity enable significant ADR premiumization during high-profile events Upcoming Events Successfully Leveraged Events FY24 FY25 FY26 FY27 Q4FY27 India’s Growing Events / MICE Calendar provides a Structural tailwi
Slide 18: Consistently at Pole Position and Improving Customer Experience
Consistently at Pole Position and Improving Customer Experience The Leela Net Promoter Score (NPS) Industry Average for Luxury segment1 87 86 85 84 74 76 74 FY24 FY25 FY26 H1FY27 Excellence in Guest Service Standards, Reflected in The Leela’s RevPAR Premium Source: Revinate. The Leela NPS presented
Slide 19: Three Palaces Awarded Michelin Keys for Two Consecutive Years
Three Palaces Awarded Michelin Keys for Two Consecutive Years The Leela New Delhi, Jaipur and Chennai continue to be recognized among India's finest hospitality destinations The Leela Palace New Delhi The Leela Palace Jaipur The Leela Palace Chennai 2 Michelin Keys 2 Michelin Keys 1 Michelin Keys 18
Slide 20: The Leela Palace, Bengaluru: The City's Luxury Destination
The Leela Palace, Bengaluru: The City’s Luxury Destination Asset Management Azulian House launched in Q1FY27 Maharaja Ballroom ZLB23 Bar (Asia's 50 Best Bars 2025) Over 90% Non-Resident Covers Converted idle parking area to MICE centre Converted unutilized space to Speakeasy Bar Market Leadership #1
Slide 21: Financial Highlights
02 Financial Highlights The Leela Palace Udaipur Ranked #2 Resort In India
Slide 22: Robust Revenue Growth Across Segments
Robust Revenue Growth Across Segments (₹ in Mn) Q2 Q2 Growth H1 H1 Growth Key Drivers Particulars FY27 FY26 % FY27 FY26 % • Same store growth led by Room Revenue 2,041 1,470 39% 3,680 2,782 32% Room both City Hotels and Resorts Revenue • Addition of Coorg Inventory F&B Revenue 1,456 1,206 21% 2,782
Slide 23: Diversifying Revenue Mix and Growing Non-Room Streams
Diversifying Revenue Mix and Growing Non-Room Streams Room Revenue 36% F&B Revenue 48% HMA Fees 7% Other Operational Services Revenue 8% More Than Half the Revenue Comes From Beyond Rooms 22
Slide 24: Strong Operating Momentum Across H1FY27
Strong Operating Momentum Across H1FY27 (₹ in Mn) Particulars Q2 FY27 Q2 FY26 Var.% H1 FY27 H1 FY26 Var.% Notes Revenue from operations 4,119 3,106 33% 7,638 5,854 30% Other Income 62 228 (73%) 147 493 (70%) • Robust EBITDA Total Revenue 4,180 3,334 25% 7,785 6,348 23% margin (+118 bps) EBITDA 1,939
Slide 25: Growth-Ready Balance Sheet
Growth-Ready Balance Sheet (₹ in Mn) Particulars Sep’26 Mar’26 Net Debt to LTM EBITDA Non-Current Assets 85,507 83,667 3.7x Cash and Bank Balance(1)(2) 3,455 2,861 Current Assets 2,732 2,709 Total Assets 91,694 89,237 1.6x 1.4x Equity Share Capital 3,340 3,340 Reserves and Surplus 62,225 60,697 Non-
Slide 26: Growth Updates
03 Growth Updates The Leela Palace New Delhi Ranked #2 City Hotel In India
Slide 27: FY27 Openings: Wellness, Desert Leisure & Luxury Homes
FY27 Openings: Wellness, Desert Leisure & Luxury Homes The Leela Coorg The Leela Luxury The Leela Jaisalmer Forest Sanctuary Residences, Mumbai Iconic Resort in South India A Luxury Desert Resort and Spa New Business Vertical (71 Keys*, Owned) (80 Keys, Managed) (63 Keys, Managed) Rebranded on 8th J
Slide 28: Key Value Drivers Underway
Key Value Drivers Underway New Vertical Same Store Cost Optimization ARQ New Delhi Azulian House Bengaluru Hybrid Plant Chennai Actual Actual Render ARQ Chennai Wellness Facility Bengaluru Solar Plant Coorg Render Render Render 27
Slide 29: On Track for 1,000+ Keys Addition Across Pipeline Assets
On Track for 1,000+ Keys Addition Across Pipeline Assets Keys Timelines Status Jaisalmer 80 CY26 Public area works advancing as planned Mumbai (Waterstones) 63 CY26 Interior fit-outs have advanced significantly and are in the final stages of execution Srinagar 170 CY27 Guest Room civil work in progr
Slide 30: Expansion Pipeline: Execution in Full Swing
Expansion Pipeline: Execution in Full Swing Launching This year Launching Next year Jaisalmer Srinagar Public area works in progress Civil work in progress Waterstones Bandhavgarh Fit-Outs in progress Construction of villas in progress 29
Slide 31: The Leela | Value-Creation Levers
The Leela | Value-Creation Levers Operational Excellence Value Drivers Expansion Capitalizing on Robust Rebranding and ramp-up of ARQ Clubs Domestic Demand Coorg Poised to capture International 6 New Hotels at Marquee MICE and F&B Spaces Demand recovery locations Ramp-up of 8 F&B outlets, World clas
Slide 32: ESG
04 ESG The Leela Palace Jaipur Ranked #5 Resort In India
Slide 33: Recognized Certification Showcasing ESG
Recognized Certification Showcasing ESG Design for Greater Green Building Efficiencies Advanced Rating: Largest All Owned Hotels Platinum Hospitality Portfolio in Rating certified South-East Asia to get Advanced Rating Responsible Eliminating water management single-use plastics For long-term water
Slide 34: Annexure
05 Annexure ZLB23 30 Best Bars in India
Slide 35: Our Journey So Far | Key Quarterly KPIs
Our Journey So Far | Key Quarterly KPIs Operating Metrics Units Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26* Q1 FY27 Q2 FY27 Occupancy % 59.7% 64.9% 69.4% 77.6% 63.6% 68.7% 71.0% 71.4% 67.5% 68.8% ADR ₹ 16,698 18,042 25,827 27,918 18,817 19,290 30,337 32,012 20,722 25,046 RevPAR
Slide 36: Atithi Devo Bhava (Guest is God)
“Atithi Devo Bhava (Guest is God)” The Leela Palace Udaipur
Slide 37: 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
Leela Palaces Hotels & Resorts — Q2 FY27 Earnings Presentation on 6ix