Royal Orchid Hotels Limited Latest Updates

Financial Results (Q2 FY2026 / Quarter ended September 30, 2025): The company reported a consolidated Revenue of approximately ₹86.8 Crore, marking an increase of about 10.7% year-on-year (YoY). Consolidated Net Profit for the quarter stood at approximately ₹4.3 Crore, which represents a significant YoY decline of about 42-43% compared to the same quarter last year (Q2 FY2025). The decline in net profit was largely attributed by the company to a near 100% surge in Interest Expenses (finance costs) and a significant increase in Depreciation/Amortization, primarily due to the adoption of IND-AS 116 and the commissioning of new projects. Portfolio Expansion and New Openings: Royal Orchid has continued its aggressive, asset-light expansion strategy (management contracts and franchising). The company recently announced the opening of its 8th property in Goa: Regenta Place M.A.R.S. Candolim, a 36-room deluxe hotel operating under the 'Regenta Place' brand. A significant milestone was the successful and ahead-of-schedule launch of ICONIQA Mumbai, a 292-key lifestyle hotel near the T2 airport, which is a major addition to the portfolio. The company's management stated they now operate 119+ hotels and are aiming to triple their portfolio to 345 hotels by 2030. Corporate Matters and Outlook: The Board of Directors recently initiated a Postal Ballot process for the appointment of new Independent Directors. The management has acknowledged challenges such as slightly lower occupancy rates in Q2 (70% down to 67%) compared to the previous year, attributing it partly to weather conditions and market factors. The company is focusing on leveraging its diversified brand portfolio (Royal Orchid, Regenta, and ICONIQA) to target different consumer segments and drive sustained growth in its room revenue.