Lemon Tree Hotels Limited

Lemon Tree Hotels Limited announced a franchise agreement for a Keys Lite by Lemon Tree Hotels property in Manali, Himachal Pradesh, marking the brand's entry into the popular leisure destination. The upcoming hotel will feature 24 rooms and expand Lemon Tree's portfolio in Himachal Pradesh to 11 hotels, comprising four operational and seven upcoming properties. With this signing, Lemon Tree Hotels, which operates seven distinct brands, will continue to strengthen its presence in destinations with strong leisure demand.

Lemon Tree Hotels Limited will hold a meeting of its Board of Directors on August 7, 2026, to consider and approve the unaudited financial results for both standalone and consolidated bases for the quarter ended June 30, 2026. The company previously announced on June 25, 2026, that the trading window for designated persons and their immediate relatives would be closed from July 1, 2026, until 48 hours after the public announcement of the financial results.

Lemon Tree Hotels Limited announced the opening of Keys Prima by Lemon Tree Hotels in Mussoorie, Uttarakhand, its second property in the city and tenth in the state, managed by Carnation Hotels Private Limited, a wholly owned subsidiary. The hotel features 47 rooms and various amenities including a restaurant, bar, banquet, swimming pool, fitness center, spa, and is located approximately 71 kilometers from Dehradun's Jolly Grant Airport, with 11 additional properties planned for Uttarakhand.

Lemon Tree Hotels Limited announced the signing of two new properties, Lemon Tree Hotel, Siddharthanagar in Nepal and Keys Select by Lemon Tree Hotels, Vijayawada in Andhra Pradesh, which will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. The Siddharthanagar hotel in Nepal will feature 120 rooms, expanding Lemon Tree’s presence in the country to eight properties, while the Vijayawada hotel will feature 70 rooms, bringing the group’s total in Andhra Pradesh to 11 properties.

The property, to be branded as Lemon Tree Hotel, Janakpur, will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. With this addition, the hospitality chain's international portfolio has expanded to 11 properties, including six operational hotels and five upcoming projects across Nepal, Bhutan and Dubai. In Nepal, the group's footprint has increased to eight properties, comprising three operational hotels and five in the pipeline, including the newly signed Janakpur property. The company also operates two hotels in Bhutan and one in Dubai. Janakpur, officially known as Janakpurdham, is one of South Asia's most significant religious destinations. Revered as the birthplace of Goddess Sita and the site of her marriage to Lord Ram, the city attracts millions of pilgrims and heritage tourists annually, particularly during festivals such as Vivah Panchami and Ram Navami. The upcoming hotel will feature 85 rooms along with a restaurant, banquet hall, meeting and conference facilities, bar lounge, swimming pool, spa and fitness centre. The signing aligns with Lemon Tree Hotels' strategy of expanding its managed hotel portfolio in key domestic and international leisure, pilgrimage and business destinations. The hotel is located at Dhanusha District, Janakpurdham Sub-Metropolitan City, Nepal, placing it in close proximity to the city's principal pilgrimage sites, including the iconic Janaki Temple, Ram Mandir, Vivah Mandap and the sacred Dhanush Sagar and Ganga Sagar ponds. The property will offer guests a comfortable and wellconnected base from which to explore the full spiritual and cultural landscape of Mithila. This signing reinforces Lemon Tree Hotels' international expansion strategy and its commitment to identifying markets where branded hospitality can make a meaningful difference - building a sustainable presence across South Asia's most culturally and spiritually significant destinations. Vishvapreet Singh Cheema, President, Lemon Tree Hotels, said: Janakpur is one of South Asia's most revered destinations as it holds immense spiritual significance across the subcontinent, and its growing connectivity is driving a major surge in heritage travel. Signing Lemon Tree Hotel, Janakpur aligns strongly with our strategy of building quality hospitality infrastructure in culturally significant, high-potential markets. This addition expands our portfolio in Nepal to eight properties, allowing us to deliver our signature refreshing hospitality and further solidifying our position as a trusted brand in the region. Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests' needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. The company reported an 8.09% rise in consolidated net profit to Rs 91.49 crore in Q4 FY26, compared with Rs 84.64 crore posted in the corresponding quarter last year. Revenue from operations increased 10% year-on-year to Rs 416.40 crore during the quarter ended 31 March 2026. Powered by Capital Market - Live

With the latest additions, the company will have 32 properties in the state, comprising 15 operational hotels and 17 properties under development, including the two newly signed resorts. Both properties will be managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. The company said the twin signings reflect its focus on high-growth micro-markets that are emerging as preferred drive-to destinations for leisure and corporate travellers from Mumbai, Navi Mumbai, Thane and Pune. Lemon Tree Resort, Tadgaon will feature 110 rooms along with a restaurant, banquet hall, meeting and conference facilities, swimming pool, spa and fitness centre. The property is located around 75 km from Navi Mumbai International Airport and 100 km from Mumbai Central railway station. Meanwhile, Lemon Tree Resort, Igatpuri will offer 90 rooms and amenities including a restaurant, banquet hall, meeting and conference facilities, swimming pool, spa and fitness centre. The resort is situated about 134 km from Mumbai International Airport and 5.6 km from Igatpuri railway station. The expansion comes as hospitality companies continue to strengthen their footprint in emerging leisure markets, driven by growing demand for short-haul tourism and corporate offsite travel. Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd, Our expansion strategy with resorts in Tadgaon and Igatpuri in Maharashtra is deeply aligned with the evolving dynamics of the drive-to hospitality sector. Urban travellers and corporate houses are increasingly prioritizing accessible, high-amenity destinations that don't require complex logistics. By introducing the Lemon Tree Resort brand to these two distinct, premium micro-markets, we are uniquely positioned to capture a highly lucrative mix of weekend leisure, multi-generational travel, and mid-to-high-level corporate retreats. Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests' needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. The company reported an 8.09% rise in consolidated net profit to Rs 91.49 crore in Q4 FY26, compared with Rs 84.64 crore posted in the corresponding quarter last year. Revenue from operations increased 10% year-on-year to Rs 416.40 crore during the quarter ended 31 March 2026. Powered by Capital Market - Live

The property, Lemon Tree Hotel, Sri Ganganagar, is managed by Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels. With this launch, the company's portfolio in Rajasthan has expanded to 23 hotels. Located in the northernmost part of Rajasthan, Sri Ganganagar is known for its agricultural prosperity and serves as an important commercial hub. The city also attracts visitors to nearby cultural and religious destinations, including Balaji Dham, Gauri Shankar Temple, Budha Johad Gurudwara, and the Hindu Malkot border. The hotel features 68 rooms and suites and offers amenities such as an all-day dining restaurant, a terrace bar, banquet and meeting facilities, a spa, a swimming pool, and a fitness centre. The property is situated about 8 km from Sri Ganganagar Junction railway station and approximately 122 km from Bathinda Airport. The latest addition is in line with Lemon Tree Hotels' strategy of expanding its presence across key business and leisure destinations in India. Commenting on the new opening, Vishvapreet Singh Cheema, President, Lemon Tree Hotels, said, 'Sri Ganganagar is one of Rajasthan's most prosperous commercial and agricultural hubs, drawing a consistent influx of business and traderelated travel. With the launch of Lemon Tree Hotel, Sri Ganganagar, we are introducing our signature comfort, quality, and warm hospitality to a high-potential market that has historically been underserved by organized hospitality. This opening marks our 13th operational hotel in Rajasthan, with 10 additional hotels in the pipeline across the state, reflecting our commitment to expanding across high-potential Tier-II and Tier-III markets.' Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests' needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. The company reported an 8.09% rise in consolidated net profit to Rs 91.49 crore in Q4 FY26, compared with Rs 84.64 crore posted in the corresponding quarter last year. Revenue from operations increased 10% year-on-year to Rs 416.40 crore during the quarter ended 31 March 2026. Powered by Capital Market - Live

The upcoming hotel will feature 88 well-appointed rooms, a restaurant, banquet and conference facilities, a fitness centre, and modern public spaces catering to both business and leisure travellers. With this signing, the company's portfolio in Rajasthan has expanded to 23 properties, comprising 13 operational hotels and 10 upcoming projects, marking another milestone in its regional growth strategy. Neelendra Singh, managing director, Lemon Tree Hotels, said: 'Scaling our footprint to six hotels in the Pink City reflects a deliberate strategy of building strong regional clusters in high-potential markets and reinforces our growing network across Rajasthan. The introduction of Keys Prima in Jaipur broadens our brand portfolio in the city with a distinct, upper-midscale lifestyle offering. Designed for India's evolving class of experience-conscious yet value-driven travellers, it brings together contemporary rooms and vibrant interiors with thoughtful service and curated social spaces. This multi-brand presence allows us to cater to the full spectrum within Jaipur's diverse travel ecosystem.' Meanwhile, the company's board approved the appointment of Kartikeya Kumar Singh as chief digital and transformation officer with effect from 8 June 2026. Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests' needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. The company reported an 8.09% rise in consolidated net profit to Rs 91.49 crore in Q4 FY26, compared with Rs 84.64 crore posted in the corresponding quarter last year. Revenue from operations increased 10% year-on-year to Rs 416.40 crore during the quarter ended 31 March 2026. The counter declined 2.55% to settle at Rs 107.05 on the BSE.Powered by Capital Market - Live

Lemon Tree Hotels announced the signing of Keys Prima by Lemon Tree Hotels, Jaipur in Rajasthan. The property will be operated under a franchise agreement, further expanding the group's robust pipeline across the region. The hotel will feature 88 well-appointed rooms, a restaurant, banquet and conference facilities, a fitness centre, and modern public spaces catering to both business and leisure travellers.

Revenue from operations increased 10% year-on-year to Rs 416.40 crore during the quarter ended 31 March 2026. Profit before exceptional items and tax surged 17.40% to Rs 143.53 crore in Q4 FY26 from Rs 122.25 crore recorded in the same quarter a year ago. The company also reported exceptional items worth Rs 1.93 crore during the period. EBITDA stood at Rs 218.3 crore in the March quarter, registering a 6.48% year-on-year growth. However, EBITDA margin declined to 52% from 54% in Q4 FY25. Operationally, the company reported strong growth in room metrics. Gross average revenue per room (ARR) rose 5.89% YoY to Rs 7,457, while occupancy improved to 78.5% compared with 77.6% in the year-ago quarter. Revenue per available room (RevPAR) increased 7.19% to Rs 5,855 in Q4 FY26. For the full financial year FY26, Lemon Tree Hotels posted a 15.52% rise in consolidated net profit to Rs 227.10 crore, while revenue from operations climbed 12.31% to Rs 1,444.50 crore. Patanjali Keswani, Executive Chairman, Lemon Tree Hotels, said, Despite intermittent global headwinds, including renewed geopolitical tensions in the Middle East, aviation disruptions and GST changes during the year, FY26 was the best year in Lemon Tree's history across occupancy, ARR, revenue, EBITDA, PBT, PAT and cash profit, and Q4 FY26 was our best ever fourth quarter on the same parameters. In FY26, our margins were impacted by 580 basis points due to a significant step-up in renovation expenditure as we invest in upgrading our owned hotel portfolio, investments in technology and the GST-related change that came into effect during the year, which only had a half-year impact in FY26 and will have a full-year impact going forward. This GST impact will decrease year on year as the numbers of customers paying a rate below Rs 7,500 keep reducing in the medium term with our price hikes / ARR growth. Additionally, all our current future supply is being planned under the upper upscale Aurika brand, which remains largely unaffected by this change. We expect all these 3 expense heads to reduce to ~3.7% of revenue by FY28 and onwards, leading to a corresponding expansion in EBITDA margins. On debt, we have brought our total borrowings down to Rs 1,500 crore from Rs 1,699 crore vs a year ago, and our cost of debt has fallen to 7.42%, down 115 basis points vs a year ago. Our combined operational and signed pipeline inventory now stands at 22,581 rooms across 268 hotels of which 131 hotels with 11,811 rooms are already operational. In FY26, on the asset-light side we opened 20 managed and franchised hotels with 1,523 rooms and signed 55 managed and franchised hotels with 4,912 rooms. Fees from management and franchised contracts for third-party-owned hotels stood at Rs 73.9 crore in FY26, an increase of 23% year on year. Fees from Fleur Hotels stood at Rs 95.8 crore in FY26, an increase of 8% year on year, which was partially subdued due to the impact of the GST change and accelerated renovation in the Fleur portfolio. Total management fees for Lemon Tree stood at Rs 169.7 crore in FY26, an increase of 14% year on year. Lastly, the Indian hospitality market continues to be in a favourable structural position, demand is consistently outpacing supply in the mid-market segment, which is exactly where we operate. Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests' needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels. The counter shed 0.25% to Rs 119.25 on the BSE. Powered by Capital Market - Live