Lemon Tree Hotels Ltd. · NSE:LEMONTREE
Lemon Tree Hotels — Q1 FY26 Earnings Presentation
43 slides from Lemon Tree Hotels's earnings presentation, Aug 8, 2025
Slide 1: Exchange filing cover letter for Q1 FY26 investor presentation
August 08, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Name of Scrip: LEMONTREE BSE Scrip Code: 541233 Subject: Investor Presentation – For Q1 FY26 Unaudited Fi
Slide 2: Q1 FY26 Earnings Presentation
8-August-2025 Q1 FY26 Earnings Presentation 1 Q1 FY26 Earnings Presentation 8th August 2025 Aurika, Mumbai SkyCity Aurika, Udaipur
Slide 3: Disclaimer
8-August-2025 Q1 FY26 Earnings Presentation 2 Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause ac
Slide 4: Chairman & Managing Director's Message
Q1 FY26 Earnings Presentation 8-August-2025 3 Chairman & Managing Director’s Message Commenting on the performance for Q1 FY26, Mr. Patanjali Keswani, Chairman & Managing Director – Lemon Tree Hotels Limited said, In Q1 despite the headwinds faced by the industry due to the geopolitical tensions and
Slide 5: We Are Everywhere
8-August-2025 Q1 FY26 Earnings Presentation 4 WE ARE EVERYWHERE Operational – 116 hotels; 10,661 rooms and 73 destinations Pipeline – 110 hotels; 7,770 rooms and 83 destinations Total operational and pipeline – 226 hotels; 18,431 rooms and 135+ unique destinations
Slide 6: Q1 FY26 performance across key financial metrics; Best Ever Q1
8-August-2025 Q1 FY26 Earnings Presentation 5 Q1 FY26 performance across key financial metrics; BEST EVER Q1 Q1 FY26 performance snapshot vs Q1 FY25 (YoY change) Total Revenue Net EBITDA Net EBITDA % Rs. 317.4 Cr Rs. 142.1 Cr 44.8% Up 18% Up 23% Up 178 bps PAT Cash Profit# Cost of Debt % Rs. 48.1 Cr
Slide 7: Q1 FY26 Performance Highlights – Operational Metrics (Consolidated)
8-August-2025 Q1 FY26 Earnings Presentation 6 Q1 FY26 Performance Highlights – Operational Metrics (Consolidated) Inventory Average Room Rate (Rs.) Owned/Leased rooms Managed/Franchised Total rooms -11% rooms 5% QoQ YoY 10% 10,661 10,125 7,042 YoY 6,236 6,236 12% 5,686 YoY 5,759 5,759 4,902 4,366 Q1
Slide 8: Q1 FY26 Performance Highlights – Financial Metrics (Consolidated)
8-August-2025 Q1 FY26 Earnings Presentation 7 Q1 FY26 Performance Highlights – Financial Metrics (Consolidated) Total Revenue (Rs. Cr) Net EBITDA (Rs. Cr) 23% -31% 18% -16% YoY QoQ YoY QoQ 379.4 205.0 317.4 317.4 268.4 142.1 142.1 115.4 Q1 FY26 Q1 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q4 FY25
Slide 9: Q-o-Q performance of FY26, FY25, FY24 and FY23
8-August-2025 Q1 FY26 Earnings Presentation 8 Q-o-Q performance of FY26, FY25, FY24 and FY23 Best ever Q1 – highest Q1 ARR, Occ%, Revenue, EBITDA, PBT, PAT and Cash Profit Particulars Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24 Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Gross ARR (R
Slide 10: Total Management Fees | Q1 FY26 vs Q1 FY25
8-August-2025 Q1 FY26 Earnings Presentation 9 Total Management Fees | Q1 FY26 vs Q1 FY25 37.4 29.1 21.3 16.1 16.6 12.5 + = Management / Franchise fees from 3rd party Management Fees from Fleur Hotels Total Management Fees hotels Q1 FY26 Q1 FY25 Fees to Lemon Tree Hotels (Rs. Cr) Q1 FY26 Q1 FY25 % Ma
Slide 11: Market Segments: Q1 FY26 vs Q1 FY25 (for all 41 owned hotels)
8-August-2025 Q1 FY26 Earnings Presentation 10 Market Segments: Q1 FY26 vs Q1 FY25 (for all 41 owned hotels) Market Segments Room Nights Sold Market Segments Room Revenue Q1 FY26 vs Q1 FY25 Q1 FY26 vs Q1 FY25 60 .0% 60 .0% 54.2% 55.3% 51.7% 50.3% 49.7% 50 .0% 50 .0% 48.3% 45.8% 44.7% 40 .0% 40 .0% 3
Slide 12: Q1 FY26 Operational Performance by Brands & Region
8-August-2025 Q1 FY26 Earnings Presentation 11 Q1 FY26 Operational Performance by Brands & Region (for all 41 owned hotels) Hotel level Average Daily Rate Hotel level EBITDAR Parameters RevPAR (Rs.) Occupancy Rate (%) EBITDAR/room/qtr. (Rs.) Margin %* (Rs. Lacs)* Q1 Q1 Change Q1 Q1 Change Q1 Q1 Chan
Slide 13: Consolidated P&L: Q1 FY26 vs Q1 FY25
8-August-2025 Q1 FY26 Earnings Presentation 12 Consolidated P&L: Q1 FY26 vs Q1 FY25 Q1 FY26 Consolidated P&L Waterfall – Revenue to Cash Profit (Rs. Cr) 317.4 (19.8) (58.0) (21.9) 142.1 (60.6) (15.1) 3.3 34.2 82.3 (48.0) 62.9 48.1 (34.2) (0.4) (14.8) Total Rev. RMC Payroll HLP Other Reno- EBITDA Fin
Slide 14: Cost Structure: Q1 FY26 vs Q1 FY25
8-August-2025 Q1 FY26 Earnings Presentation 13 Cost Structure: Q1 FY26 vs Q1 FY25 * Expenses as a percentage of total revenue Down 178 bps 57.0% 55.2% Up 55 bps Down 63 bps 23.8% 23.3% 18.3% 18.9% Up 11 bps Down 181 bps 8.7% 6.2% 6.1% 6.9% Payroll expenses* F&B/Raw Material expenses* Power & Fuel ex
Slide 15: Lemon Tree Consolidated Profit & Loss Statement Breakup
8-August-2025 Q1 FY26 Earnings Presentation 14 Lemon Tree Consolidated Profit & Loss Statement Breakup Lemon Tree Consolidated Keys Hotels Lemon Tree Consolidated excluding Keys Hotels Rs. Cr Q1 Q4 Q1 QoQ YoY Q1 Q4 Q1 QoQ YoY Q1 Q4 Q1 QoQ YoY FY26 FY25 FY25 Change Change FY26 FY25 FY25 Change Change
Slide 16: Discussion on Consolidated Financial & Operational Performance – Q1 FY26
8-August-2025 Q1 FY26 Earnings Presentation 15 Discussion on Consolidated Financial & Operational Performance – Q1 FY26 ❖ Total Revenue stood at Rs. 317.4 Cr in Q1 FY26 which was down 16% from Rs. 379.4 Cr in Q4 FY25 and was up 18% as compared to Rs. 268.4 Cr in Q1 FY25 ❖ Gross ARR stood at Rs. 6,23
Slide 17: Lemon Tree Consolidated Profit & Loss Statement – Q1 FY26
8-August-2025 Q1 FY26 Earnings Presentation 16 Lemon Tree Consolidated Profit & Loss Statement – Q1 FY26 Q1 FY26 vs Q1 FY26 vs Rs. Cr Q1 FY26 Q4 FY25 Q1 FY25 Q4 FY25 Q1 FY25 Change (%) Change (%) Revenue from operations 315.8 378.5 268.0 -17% 18% Other income 1.6 0.9 0.4 86% 362% Total revenue 317.4
Slide 18: Lemon Tree Consolidated Balance Sheet - FY25 and FY24
8-August-2025 Q1 FY26 Earnings Presentation 17 Lemon Tree Consolidated Balance Sheet - FY25 and FY24 As on 31st March As on 31st March FY25 vs # Rs. Cr 2025 2024 FY24 (FY25) (FY24) Change 1 Shareholder's Funds 1163.5 966.9 20% 2 Non-controlling interests 626.1 579.5 8% 3 Total Shareholder’s equity 1
Slide 19: Lemon Tree Hotel Network Revenue – Delta in Q1 FY26 vs Q1 FY25
8-August-2025 Q1 FY26 Earnings Presentation 18 Lemon Tree Hotel Network Revenue – Delta in Q1 FY26 vs Q1 FY25 30 498 45 423 Q1 FY25 Total Network Revenue Owned Hotels Managed and Franchised Hotels Q1 FY26 Total Network Revenue Hotel Network Revenue Q1 FY26 vs Q1 FY25 Change Q1 FY26 Q1 FY25 (Rs. Cr)
Slide 20: Expansion Plans – Hotels under Development
8-August-2025 Q1 FY26 Earnings Presentation 19 Expansion Plans – Hotels under Development Expected Under-development hotels Type Rooms Opening date Aurika, Shimla (rebranded from Lemon Tree Mountain Resort, Shimla) Owned 91 TBD Aurika, Shillong Owned 165* TBD For Aurika, Shimla total capital deplo
Slide 21: Hotel opened in Q1 FY26 (managed & franchised contracts)
8-August-2025 Q1 FY26 Earnings Presentation 20 Hotel opened in Q1 FY26 (managed & franchised contracts) # Hotels Pipeline States Rooms 1 Lemon Tree Hotel, Pune Maharashtra 117 2 Lemon Tree Hotel, Mira Road, Mumbai Maharashtra 108 3 Lemon Tree Hotel, Anjuna, Goa Goa 51 4 Lemon Tree Hotel, Jamnagar Gu
Slide 22: Hotels signed in Q1 FY26 (managed & franchised contracts)
8-August-2025 Q1 FY26 Earnings Presentation 21 Hotels signed in Q1 FY26 (managed & franchised contracts) # Hotels Pipeline States Rooms 1 Lemon Tree Suites, Nashik Maharashtra 135 2 Lemon Tree Suites, Greater Noida Uttar Pradesh 336 3 Lemon Tree Resort, Mori Bera Rajasthan 17 4 Lemon Tree Resort, Li
Slide 23: Expansion Plans – Pipeline of managed & franchised contracts (1 of 5)
8-August-2025 Q1 FY26 Earnings Presentation 22 Expansion Plans – Pipeline of managed & franchised contracts by opening (1 of 5) # Hotel Pipeline State Rooms 1 Aurika, Kasauli Himachal Pradesh 110 2 Aurika, Rishikesh Uttarakhand 132 3 Aurika, Sasan Gir Gujarat 82 4 Aurika, Surat Gujarat 175 5 Bhanger
Slide 24: Expansion Plans – Pipeline of managed & franchised contracts (2 of 5)
8-August-2025 Q1 FY26 Earnings Presentation 23 Expansion Plans – Pipeline of managed & franchised contracts by opening (2 of 5) # Hotel Pipeline State Rooms 26 Keys Select by Lemon Tree Hotels, Chirang Assam 40 27 Keys Select by Lemon Tree Hotels, Dispur, Guwahati Assam 60 28 Keys Select by Lemon Tr
Slide 25: Expansion Plans – Pipeline of managed & franchised contracts (3 of 5)
8-August-2025 Q1 FY26 Earnings Presentation 24 Expansion Plans – Pipeline of managed & franchised contracts by opening (3 of 5) # Hotel Pipeline State Rooms 51 Lemon Tree Hotel, Bokaro Jharkhand 70 52 Lemon Tree Hotel, Chandausi Uttar Pradesh 70 53 Lemon Tree Hotel, Civil Lines, Ayodhya Uttar Prades
Slide 26: Expansion Plans – Pipeline of managed & franchised contracts (4 of 5)
8-August-2025 Q1 FY26 Earnings Presentation 25 Expansion Plans – Pipeline of managed & franchised contracts by opening (4 of 5) # Hotel Pipeline State Rooms 76 Lemon Tree Hotel, Sasan Gir Gujarat 74 77 Lemon Tree Hotel, Shirdi Maharashtra 50 78 Lemon Tree Hotel, Sri Ganganagar Rajasthan 60 79 Lemon
Slide 27: Expansion Plans – Pipeline of managed & franchised contracts (5 of 5)
8-August-2025 Q1 FY26 Earnings Presentation 26 Expansion Plans – Pipeline of managed & franchised contracts by opening (5 of 5) # Hotel Pipeline State Rooms 101 Lemon Tree Resort, Nashik Maharashtra 72 102 Lemon Tree Resort, Pavagarh Gujarat 44 103 Lemon Tree Suites, Greater Noida Uttar Pradesh 336
Slide 28: Lemon Tree – Snapshot as on 30th June 2025: Brands
8-August-2025 Q1 FY26 Earnings Presentation 27 Lemon Tree – Snapshot as on 30th June 2025 Operational Pipeline Operational + Pipeline Group 10,661 rooms; 7,770 rooms; 18,431 rooms; 116 hotels 110 hotels 226 hotels Brand Current Pipeline Operational + Pipeline Aurika Hotels & Resorts 808 Rooms; 2 Hot
Slide 29: Portfolio Breakup as on 30th June 2025 - Operational
8-August-2025 Q1 FY26 Earnings Presentation 28 Portfolio Breakup as on 30th June 2025 - Operational Owned (incl. on leased Operational Portfolio Leased Managed/ Franchised Total land) Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms Aurika Hotels & Resorts 2 808 0 0 0 0 2 808 Lemon Tree Premier 7
Slide 30: Portfolio Breakup as on 30th June 2025 - Pipeline
8-August-2025 Q1 FY26 Earnings Presentation 29 Portfolio Breakup as on 30th June 2025 - Pipeline Owned (incl. on Public Private Managed/ Pipeline Portfolio Leased Total leased land) Partnership Franchised Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms Aurika Hotels & Resorts 1 91 0
Slide 31: Annexure
8-August-2025 Q1 FY26 Earnings Presentation 30 Annexure Hotels under development Lemon Tree Hotel, Dubai
Slide 32: Aurika, Shimla | Representation
8-August-2025 Q1 FY26 Earnings Presentation 31 Aurika, Shimla | Representation
Slide 33: Aurika, Shimla | Current
8-August-2025 Q1 FY26 Earnings Presentation 32 Aurika, Shimla | Current
Slide 34: Aurika, Shimla | Current
8-August-2025 Q1 FY26 Earnings Presentation 33 Aurika, Shimla | Current
Slide 35: Aurika, Shimla | Current
8-August-2025 Q1 FY26 Earnings Presentation 34 Aurika, Shimla | Current
Slide 36: Aurika, Shimla | Current
8-August-2025 Q1 FY26 Earnings Presentation 35 Aurika, Shimla | Current
Slide 37: Aurika, Shillong | Representation
8-August-2025 Q1 FY26 Earnings Presentation 36 Aurika, Shillong | Representation
Slide 38: Aurika, Shillong | Representation
8-August-2025 Q1 FY26 Earnings Presentation 37 Aurika, Shillong | Representation
Slide 39: Aurika, Shillong | Current
8-August-2025 Q1 FY26 Earnings Presentation 38 Aurika, Shillong | Current
Slide 40: Aurika, Shillong | Current
8-August-2025 Q1 FY26 Earnings Presentation 39 Aurika, Shillong | Current
Slide 41: Aurika, Shillong | Current
8-August-2025 Q1 FY26 Earnings Presentation 40 Aurika, Shillong | Current
Slide 42: Conference Call Details
8-August-2025 Q1 FY26 Earnings Presentation 41 Conference Call Details Timing 3:00 PM IST, Monday, August 11, 2025 Conference dial-in Primary number +91 22 6280 1141 / +91 22 7115 8042 Singapore Toll Free Number 800 101 2045 Hong Kong Toll Free Number 800 964 448 USA Toll Free Number 1 866 746 2133
Slide 43: About Lemon Tree Hotels
8-August-2025 Q1 FY26 Earnings Presentation 42 About Lemon Tree Hotels Lemon Tree Hotels Limited (LTHL) is one of the largest hotel chains in India, and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale and economy segments. LTHL delivers differentiated yet superior