CEO Anuraag Bhatnagar said the chain’s total revenue grew 25% to Rs 301.3 crore, and EBITDA rose 63% to Rs 128 crore, supported by a 20% year-on-year revenue per available room 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,” he said.
“We are entering a defining phase of growth with 8 hotels under development, including our strategic 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,” he added.
The luxury hospitality chain said occupancies were up 4% year on year to 63.6% in quarter one of financial year 2026, while average daily rate was Rs 18,817, up 13% year on year.
Its EBITDA margins expanded to 42.5% driven by operating leverage, and the chain-owned hotels across all markets posted double-digit revenue per available room growth.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 is well-positioned to deliver a robust mid-to-high teens EBITDA growth in financial year 2026, driven by strong operating momentum and continued strategic execution,” the chain said in a statement.
