Viceroy Hotels posted solid financial results for Q4 and FY26, fueled by strong hospitality demand.

Total Income for Q4 FY26 rose 35.3% YoY to ₹49.53 Cr, with full-year FY26 Total Income up 6.3% YoY to ₹149.73 Cr.

EBITDA for Q4 soared 33.7% YoY to ₹15.55 Cr (31.4% margin), and FY26 EBITDA increased 20.6% YoY to ₹44.57 Cr (29.8% margin). However, profit after tax saw a sharp decline, with FY26 standalone EPS at ₹2.7, down 76.4% from FY25, partly due to geopolitical tensions in Q4. The company is actively expanding and upgrading, committing over ₹100 Cr to renovate existing Hyderabad properties like Courtyard by Marriott and Marriott Hyderabad.

These multi-phase upgrades, including new guest rooms, a spa, and a rooftop bar, are expected to complete by FY28. Viceroy also acquired Marriott Executive Apartments (75 rooms) and plans a new 200-room Courtyard by Marriott Greenfield project.

Their investment strategy focuses on financially viable greenfield, brownfield, and distressed assets in strategic locations.

Management is upbeat, eyeing India's hospitality sector's projected 10.5% CAGR growth by FY27 and sustained corporate demand in Hyderabad, boosted by new infrastructure.