Ventive Hospitality FY26: Rate-led India, resilient Maldives, and a steady annuity base

FY26 total income was INR 2,666.1 crore, EBITDA INR 1,298.7 crore (49% margin) and PAT INR 501.9 crore, as per the presentation.

Q4 FY26 total income was INR 869.6 crore, EBITDA INR 476.1 crore (55% margin) and PAT INR 259.2 crore, as per the presentation.

Consolidated hospitality revenue was INR 1,979.6 crore and EBITDA INR 735.2 crore with a 37% margin, as per the presentation.

FY26 annuity revenue was INR 504.5 crore and EBITDA INR 452.1 crore with a 90% margin and 99% committed occupancy, as per the presentation.

Gross debt was INR 1,999.4 crore, cash and cash equivalents INR 517.9 crore and net debt INR 1,481.4 crore, as per the presentation and concall.

The presentation lists Varanasi Marriott Hotel (161 keys, completion FY28), AC by Marriott Bengaluru rebranding/expansion (completion FY27) and Ritz-Carlton Reserve, Pottuvil Sri Lanka (73 keys plus 80 branded residences, design and approvals underway).