Lemon Tree Hotels reports record Q1 revenue up 18%

Lemon Tree Hotels recorded its highest-ever Q1 revenue at INR 317.4 crore for FY26, an 18% increase year-over-year. Net EBITDA grew 23% to INR 142 crore, with a margin of 44.8%. Profit after tax rose 139% to INR 48.1 crore.

The company is transitioning to an asset-light model, with significant shareholding in Fleur, expected to become an independent listed asset company by end of next calendar year. Lemon Tree plans to exceed 20,000 rooms in its 5-year plan.