Quarterly Result8 Aug 2025, 09:37 pm
Viceroy Hotels Limited: Q1 FY26 Financial Performance Snapshot, Expansion Milestones at Courtyard by Marriott
AI Summary
Viceroy Hotels Limited, a leading leisure hospitality provider in India, announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a decline in revenue and profitability, primarily due to limited inventory availability at Courtyard by Marriott during its ongoing renovation. However, key expansion milestones are expected to be completed by Q3 FY26, including 56 additional guest rooms and a full-fledged spa, gym, and rooftop bar. The company remains confident in delivering strong and sustainable growth in the years ahead.
Key Highlights
- Quarterly revenue witnessed a temporary decline due to limited inventory availability at Courtyard by Marriott during renovation.
- Key expansion milestones at Courtyard by Marriott expected to be completed by Q3 FY26.
- 56 additional guest rooms to be fully operational, expected to command higher Average Daily Rates (ADR).
- A full-fledged spa with 7 rooms and a gym to be developed on the 8th floor.
- The 9th floor will feature a rooftop bar with 70 covers overlooking the swimming pool and offering scenic views.