Leela Palaces Hotels & Resorts Limited announced its Q3 FY26 earnings, showcasing strong performance with a 20% year-on-year (YoY) growth in Revenue Per Available Room (RevPAR) and a 23% increase in Operating EBITDA to ₹2,378 million. The company's Adjusted Operating Revenue grew by 21% to ₹4,574 million.

For the nine months ended FY26 (9MFY26), Adjusted Operating Revenue increased by 16% to ₹10,429 million, and Adjusted Operating EBITDA rose by 22% to ₹4,772 million. The Adjusted Operating EBITDA margin improved by 231 basis points to 46% in 9MFY26.

The company highlighted a market share increase of 15 points against the India luxury segment, driving a ₹4.7k RevPAR premium. RevPAR for the owned domestic portfolio saw a 20% increase YoY to ₹21,551 in Q3 FY26, with Average Daily Rate (ADR) growing by 17% and occupancy increasing by 2 percentage points to 71%.

Leela Hotels is actively expanding its footprint with 9 hotels in the pipeline, adding over 1,000 keys, including The Leela Jaisalmer (operational by Mid-FY27) and The Leela Palace BKC, Mumbai. The company has also made a $70 million equity investment in The Leela Dubai, securing a 25% equity stake, with rebranding expected by 2027 and potential fees of ₹670 million annually. The company is on track to achieve its long-term financial goal of ₹20,000 million EBITDA by FY30.