This article first appeared on GuruFocus .
Release Date: November 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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EIH Ltd ( BOM:500840 ) reported a 14% year-to-date revenue growth and a 12% EBITDA growth, indicating strong financial performance.
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The company has a healthy cash reserve of 1,050 crores, providing a solid foundation for future expansions.
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EIH Ltd is planning to expand robustly with 27 new properties lined up by 2030, indicating a strong growth trajectory.
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The company has received numerous awards for its exceptional quality and service, enhancing its brand reputation.
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EIH Ltd's luxury and upper-scale segments continue to show high demand, with significant growth in the middle and upper-middle-class segments in India.
Negative Points
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The company faced geopolitical disruptions and adverse weather conditions, impacting Q2 performance.
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There was a 3% decline in EBITDA for Q2, attributed to operational disruptions and other external factors.
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Occupancy rates remained flat compared to last year, indicating challenges in increasing room bookings.
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Certain properties, such as those in Jaipur and Mumbai, experienced declines in RevPAR due to renovations and adverse weather.
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The company experienced a decline in domestic air passenger traffic by 2.5% in Q2, affecting travel-related revenues.
Q & A Highlights
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Q: Are there any exceptional items expected in the upcoming quarters? A: In the current quarter, there were a few exceptional items, but they were not significant in value. (Unidentified_3)
Q: Can you provide clarity on the hotels in the pipeline and their ownership? A: Tirupati and Gandhikota will come under Muktas, while the Bangalore development will be standalone. (Unidentified_3)
Q: How is the demand for weddings and the impact of renovations on Jaipur hotels? A: There is strong demand for weddings in the coming quarter. The Jaipur renovation is completed, and the hotel is ready for the upcoming wedding season. (Unidentified_2)
Q: What is the impact of the T20 World Cup on hotel occupancy? A: Historically, events like the T20 World Cup increase demand, allowing us to raise rates. We expect the same this year. (Unidentified_2)
Q: How is the Mumbai market performing, considering recent renovations? A: The Mumbai market saw some impact due to renovations, but strong growth in room nights sold at Trident Nariman Point was observed. The market is expected to stabilize with the return of renovated rooms. (Unidentified_2)
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
