Marriott, Hilton operator Ventive Hospitality’s FY26 PAT jumps multi-fold to ₹502 crore; revenue rises 24%

Ventive Hospitality, the luxury hotel owner and asset manager backed by global hospitality brands such as Marriott International and Hilton Worldwide, has closed financial year 2026 on a strong note, driven by robust growth in its hospitality business and resilient annuity income.

The Pune-headquartered company reported a consolidated profit after tax (PAT) of ₹502 crore for FY26, marking a massive 939% increase compared to ₹48 crore in FY25. Consolidated revenue for the year rose 24% year-on-year to ₹2,666 crore.

On the operating front, EBITDA increased 28% to ₹1,299 crore, while margin expanded by 2 percentage points to 49%.

“FY26 marks a defining chapter for Ventive, not just in numbers, but in the direction we are building towards. A 939% surge in full-year PAT and 28% consolidated EBITDA growth reflect the strength of our model and the discipline behind every decision we make,” said Ranjit Batra, Chief Executive Officer, Ventive Hospitality.

Ventive said all FY25 comparison figures are on a proforma basis.

Q4 profit rises 72% to ₹259 crore

For the January-March quarter of FY26, Ventive Hospitality posted consolidated revenue of ₹870 crore, up 21% from the year-ago period. Net profit for the quarter stood at ₹259 crore, rising 72% over the corresponding quarter last year.

Quarterly EBITDA stood at ₹476 crore, growing 28% year-on-year, while margin improved to 55%.

According to the company, the core hospitality business remained the primary growth driver during the year. Revenue from hospitality operations rose 23% year-on-year to ₹1,980 crore in FY26, while hospitality EBITDA climbed 33% to ₹735 crore. EBITDA margin for the segment expanded by 3 percentage points to 37%.

During the March quarter, hospitality revenue stood at ₹658 crore, up 13% year-on-year, while hospitality EBITDA came in at ₹295 crore. However, the company noted that geopolitical tensions and travel restrictions impacted revenue growth and margins during the quarter.

Premium pricing, strong occupancy support operations

Operationally, the company continued to benefit from premium room pricing and strong demand trends. Its Indian hotels reported an average daily rate (ADR) of ₹14,020 during Q4 FY26, registering 12% growth year-on-year, while occupancy remained stable at 69%. Revenue per available room (RevPAR) in the India hospitality business increased 8% year-on-year.

For the full year, ADR across Indian properties rose 13% to ₹12,516, while occupancy stood at 64%.

Ventive’s international hospitality portfolio, which includes resort properties in the Maldives, also posted healthy performance. Occupancy in the international hospitality business improved by 3 percentage points year-on-year to 75% during the quarter.

The release noted that the company’s food and beverage business also contributed meaningfully to growth. Same-store total revenue per available room (TRevPAR) for Indian hotels rose 5% year-on-year to ₹17,295 during Q4 FY26 and increased 12% to ₹15,007 for the full year.

Its Maldives resorts reported significantly higher TRevPAR at ₹90,818 during the quarter, reflecting an 18% year-on-year increase. For the full year, Maldives TRevPAR rose 15% to ₹72,167.

Annuity biz generates ₹504 crore revenue in FY26

Apart from hospitality operations, Ventive continued to benefit from its annuity asset portfolio comprising commercial office and retail properties in Pune. The annuity business generated revenue of ₹504 crore in FY26 with an EBITDA margin of 90%.

In the March quarter alone, annuity revenue stood at ₹127 crore, while EBITDA came in at ₹113 crore.

Strategic acquisitions expand lifestyle portfolio

The company also undertook multiple acquisitions during the quarter to strengthen its presence in the premium hospitality and lifestyle segment.

Ventive completed the acquisition of Sol De Goa through its subsidiary Soham Leisure Ventures, expanding its leisure and lifestyle offerings. It also acquired a 50.02% stake in Narmada Estates through Panchshil Corporate Park, enhancing its footprint in Pune’s central business district. The land parcel has a development potential of 0.63 million square feet and an estimated EBITDA potential of ₹70-75 crore once fully leased.

Additionally, Panchshil Corporate Park acquired Finest-VN Business Park, securing exclusive rights for the expansion of Soho House in India, including ownership and operations of Soho House Mumbai.

“What excites us most is what lies ahead. The modern traveller is no longer seeking just a room; they are seeking experiences, wellness and lifestyle. With Soho House, Sol de Goa, and a growing leisure portfolio, we are deliberately positioning Ventive at the intersection of luxury hospitality and curated living,” said Batra.

“Ventive is entering FY27 with the right assets, the right partners, and a clear conviction about where premiumisation is headed. We are not just growing; we are growing in the right direction,” he added.

In a separate development, the board of directors of Ventive approved the amendment in the agreement for subscription to additional optionally convertible debentures (OCDs) of its in its subsidiary, Soham Leisure Ventures. It has raised controlling stake in its Soham to 76% through a new ₹30 crore investment in OCDs. Soham Leisure Ventures manages the Hilton Goa Resort.

Ventive Hospitality currently owns, develops and manages 14 operational hospitality assets across India and the Maldives, representing 2,199 keys. Its hotels are operated under global brands including Marriott International, Hilton Worldwide, Minor Hotels and Atmosphere Hotels & Resorts.