Apeejay Surrendra Park Hotels Limited has released the transcript of its conference call held on May 29, 2026, with investors and analysts regarding the audited financial results for the fourth quarter and the financial year ended March 31, 2026. The call featured management including Priya Paul (Chairperson), Vijay Dewan (MD), and Atul Khosla (CFO). During the call, the management discussed the company's performance amidst a dynamic hospitality environment, highlighting resilience driven by domestic demand, strong occupancy at 91% for the year, and RevPAR leadership in the upper upscale segment. The company reported consolidated operating revenue of ₹184 crore for Q4 FY26, a 4% year-on-year increase, with EBITDA at ₹53 crore and Profit After Tax at ₹12 crore. For the full financial year FY26, consolidated operating revenue stood at ₹707 crore, up 12% year-on-year, with EBITDA at ₹218 crore and Profit After Tax at ₹66 crore. Key operational highlights included strong performance in the F&B segment, crossing ₹300 crore in revenue for FY26. The company also detailed progress on its development pipeline, including the launch of an integrated hospitality-led mixed-use development at EM Bypass, Kolkata, with strong apartment sales. Expansion plans were outlined, aiming to double the number of hotels to 85 and keys to 6,635 by FY30, with a significant focus on an asset-light strategy. The management also discussed the strategic shift for Flurys, moving towards outsourcing manufacturing for faster expansion and cost-effectiveness, with plans to add 30 outlets in the next 10 months. The company reiterated its vision to build a stronger, more scalable, and future-ready hospitality platform, targeting over 6,000 keys by FY30 and focusing on enhancing profitability and guest experiences through technology. The positive outlook for the Indian hospitality sector was emphasized, driven by structural growth drivers and limited supply growth.
