Higher renovation and business development expenses hurt margins

Company
09 Aug 2024
5 Min read 
  • Lemon Tree Hotels reports 21% revenue growth in 1QFY25.
  •  EBITDA margins affected by increased renovation and business development expenses.
  •  Company aims for INR12.5b revenue and ~INR9b EBITDA by FY25/FY26.
  •  Rising ARR and Aurika Mumbai ramp-up to drive sales.
  •  Confident of achieving healthy RevPAR growth in FY25/FY26.
  •  Expects CAGR of 21%/24%/43% in revenue/EBITDA/Adj. PAT over FY24-26.
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