Royal Orchid Hotels reports Q2 FY26 revenue growth, targets major portfolio expansion

Royal Orchid Hotels Limited reported consolidated revenues of ₹86.8 crores for Q2 FY26, a 10.7% year-over-year increase, with EBITDA at ₹20.8 crores, growing 7% year-on-year. Net profit after associates for the quarter was ₹4.3 crores. For the first half of fiscal year 2026, consolidated revenue reached ₹169.6 crores, an 8.7% increase, and EBITDA rose 9% to ₹44.5 crores, with cash profit improving to ₹28.4 crores.

The company expanded its portfolio by opening three new properties—ICONIQA Mumbai, Regenta Central Solapur, and Regenta Resort Tropical Village Mysore—adding 388 keys. ICONIQA Mumbai, a 292-key lifestyle hotel, was completed ahead of schedule and began operations towards the end of September 2025. The pre-operating loss for ICONIQA in Q2 was approximately ₹2 crores. The company projects ICONIQA's annual revenue to cross ₹100 crores next year.

Royal Orchid Hotels aims to triple its portfolio to 345 hotels and expand to over 22,000 keys by 2030, driven by an asset-light model, technology, and AI across operations. Employee expenses for Q2 FY26 were ₹25 crores, including approximately ₹3 crores related to ICONIQA Mumbai's pre-opening payroll.