SAMHI Hotels posts 9.6% RevPAR growth in Q1 FY27 as PAT rises 29.6%

SAMHI Hotels reported Q1 FY27 total income of Rs 308.3 crore and EBITDA of Rs 101.3 crore. The hotel operator is increasing its upscale inventory mix through its Marriott partnership and RARE India leisure strategy, targeting a 60% upscale share by FY2030.

— Source publishedTue, 4 Aug, 2026, 12:00 IST·First seen Tue, 4 Aug, 2026, 12:50 IST·Source ET Hospitality

What happened

Samhi Hotels · SAMHI Hotels reported resilient Q1 FY27 growth, with RevPAR up 9.6% and PAT up 29.6%. It is expanding upscale inventory, pursuing a Marriott

Key facts

  • Q1 FY27 RevPAR: Rs 5,219, up 9.6% YoY comparable
  • Occupancy: 79.3%, versus 74.2% in Q1 FY26
  • Total income: Rs 308.3 crore, up 10.8% YoY comparable and 7.3% reported
  • EBITDA: Rs 101.3 crore, up 12.1% YoY comparable and down 4.1% reported
  • PAT: Rs 24.9 crore, up 29.6% YoY
  • Operating EBITDA margin: 36.0% excluding GST impact
  • Effective interest rate: 7.8%, about 300 bps lower since IPO
  • Net debt/EBITDA: about 3.2x; 2.4x on operating assets
  • Upscale inventory share targeted to rise from about 41% to 60% by FY2030
  • Target operating EBITDA margin: about 40%

Why this matters

SAMHI’s Marriott partnership and RARE India strategy signal an active portfolio-upgrading agenda, creating potential opportunities around upscale asset acquisitions, conversions and leisure-market partnerships.

What to watch

  • Quarterly ADR growth versus occupancy growth; ADR must increasingly drive RevPAR from the current 79.3% occupancy base.
  • Progress toward the 60% upscale inventory target, including number of Marriott-branded rooms opened or converted.
  • EBITDA margin, interest expense and net debt trends as expansion and refurbishment spending rises.
  • Hotel supply additions in SAMHI's key metro and leisure markets, particularly in upper-upscale categories.
  • Foreign tourist arrivals, domestic corporate travel demand and major-event calendars affecting premium room rates.
  • Accelerate Marriott conversions, rebrandings and distribution integration across acquired or repositioned assets.
  • Prioritize RARE India leisure destinations and premium room upgrades to raise ADR mix rather than rely solely on occupancy.
  • Use stronger EBITDA and PAT growth to fund capex, refinance debt where possible and preserve balance-sheet capacity for selective acquisitions.
  • Increase direct and loyalty-led bookings to reduce OTA dependence and improve net RevPAR.