Mumbai, July 22nd, 2025: Schloss Bangalore Limited, India’s only listed company focused on the luxury hotel segment operating under “The Leela” brand, announced its financial and operational results for the quarter ending June 30, 2025 (Q1 FY26). Marking a strong debut as a publicly listed company, The Leela delivered its best-ever first-quarter performance.
Commenting on the results, Mr. Anuraag Bhatnagar, Chief Executive Officer, said: “We are pleased to report a record first-quarter performance. Total revenue grew 25% to ₹3,013 million, and EBITDA rose 63% to ₹1,280 million, supported by a 20% year-on-year RevPAR increase, with market share gains that outpaced the luxury hospitality sector. The performance underscores the strength of India’s luxury travel market and the demand for The Leela’s distinctive experiential offerings. We are entering a defining phase of growth with 8 hotels under development, including ourstrategic expansion into Mumbai through a landmark mixed-use development in BKC featuring a 250-key ultra-luxury hotel,complementing the 63 high-end serviced apartments under development near Mumbai International Airport.”
KEY CONSOLIDATED FINANCIAL HIGHLIGHTS AND OPERATIONAL METRICS; Q1 FY26 (YOY)
Net Debt/ LTMEBITDA
0.3x
EBITDA Margin
42.5%
+980 bps
EBITDA
₹ 1,280 M
+63%
Total Revenue
₹ 3,013 M
+25%
RevPAR
₹ 11,963
+20%
ADR
₹ 18,817
+13%
PAT
₹ 87 M
+₹ 837 M
Occupancy
63.6%
+4 %
ROBUST FINANCIAL AND OPERATIONAL PERFORMANCE IN Q1
SIGNIFICANT EMBEDDED GROWTH AHEAD
The Leela currently operates 13 properties with 3,544 keys across 11 cities in India -comprising five owned, seven managed, and one franchised hotel. The company has a multi-lever growth engine across same store growth, new verticals, and expansion through 966 keys across six owned and two managed hotels. The Company is well-positioned to deliver a robust mid-to-high teens EBITDA growth in FY26, driven by strong operating momentum and continued strategic execution.
SUCCESSFUL IPO AND STRENGTHENED BALANCE SHEET
About The Leela Palaces, Hotels and Resorts
The Leela Palaces, Hotels and Resorts is India’s largest institutionally owned and managed pure-play luxury hospitality brand. Backed by the Brookfield Group, The Leela operates 13 award-winning properties across India’s premier leisure and business destinations. Recognized globally for architectural excellence and bespoke services, The Leela has been ranked the #1 hospitality brand globally by Travel + Leisure World’s Best Awardsin 2020 and 2021, and among the top three in 2023 and 2024. The brand remains committed to delivering timeless Indian hospitality through world-class luxury experiences.
For further information, please contact:
T: +91 22 6901 5454
Additional information:
Corporate Identification No: L55209DL2019PLC347492
Registered Office Address: The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar New Delhi South Delhi 110023
Please visit our website www.theleela.com and connect with us on Facebook, Twitter and Instagram.
Disclaimer: Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.