Sterling Holiday Resorts posts record FY26: Rs 548.7 cr revenue, 31% EBITDA margin, eyes 95 resorts by 2027
Sterling Holiday Resorts logged its 25th straight profitable quarter, with Q4 FY26 revenue at Rs 140.9 cr (+14% YoY) and FY26 PBT of Rs 114.2 cr. Network now spans 78 resorts and 3,800+ rooms across 65 destinations; ARR rose 12% to Rs 6,347 with 64% Q4 occupancy. Debt-free with ~Rs 340 cr cash, the chain targets 95 resorts and 4,500 rooms by 2027.
What happened
Sterling Holiday Resorts posted record Q4 FY26 with revenue of Rs 140.9 cr (+14% YoY) and 25th straight profitable quarter. FY26 revenue hit Rs 548.7 cr.
Key facts
- Q4 revenue Rs 140.9 cr (+14% YoY)
- Q4 EBITDA Rs 34.8 cr
- FY26 revenue Rs 548.7 cr
- FY26 EBITDA Rs 170.1 cr (31% margin)
- FY26 PBT Rs 114.2 cr
- 78 resorts/65 destinations/3,800+ rooms
- Q4 occupancy 64%
- ARR Rs 6,347 (+12%)
- cash reserves ~Rs 340 cr
- target 95 resorts/4,500 rooms by 2027
Why this matters
With Rs 340 cr cash and a 17-resort gap to its 2027 target, Sterling is positioned to consolidate fragmented leisure assets across India's tier-2 destinations.