VENTIVE
Ventive Hospitality share price & financials
- Price
- ₹622.15
- Market cap
- ₹13.8k Cr
- Sector
- Consumer Services
- Calls analysed
- 7
Ventive Hospitality Limited Q1 FY27
What went well
- Consolidated revenue grew 7% year-on-year to INR554 crores, driven by strong performance across operating segments.
- India hospitality revenue grew 13% to INR203 crores, with EBITDA growing 16% to INR74 crores, and margin expanding from 35% to 36%.
- Acquisition of Sahyadri Hills, Wellness Estate (Ritz-Carlton Reserve), for an equity consideration of INR281 crores, targeting a yield-on-cost above 12%.
What to watch
- Maldives EBITDA declined 32% to INR32 crores, primarily due to a INR19 crore increase in fuel and ancillary costs caused by the West Asia conflict and diesel prices reaching 2.1x pre-war levels.
- The Sri Lanka Ritz-Carlton Reserve project's targeted completion timeline has shifted to FY30 from FY28 due to environmental permissions.
What Ventive Hospitality Limited does
Ventive Hospitality owns and develops luxury and upper-upscale hotels, operating them under long-term management contracts with global brand partners such as Marriott, Hilton (Conrad, DoubleTree), Minor Group (Anantara), Atmosphere (Raaya), Oakwood and Soho House. Its portfolio spans India (Pune, Bengaluru, Mumbai, Goa), the Maldives and an upcoming Sri Lanka property, serving premium domestic business/wedding/MICE travellers in India and high-end international leisure travellers in the Maldives. Beyond hospitality, it owns an annuity commercial real estate portfolio of offices and retail space in Pune leased on a committed-occupancy basis, giving it a steadier income stream alongside the cyclical hotel business.
Segments
- India Hospitality
- International (Maldives) Hospitality
- Annuity (Commercial Real Estate)
- Hotels operated
- 14
- Total keys (rooms)
- 2,199
- Countries of operation
- 3 (India, Maldives, Sri Lanka pipeline)
- Luxury-segment focus
- ~80% of portfolio
- India Hospitality keys
- 1,684
- International (Maldives) Hospitality keys
- 515
Guidance record · Q1 FY27
what the last two calls moved 27 tracked 5 delivered 3 missed 19 open- Acquired Entity Profitability delivered said Q3 FY25 Promised: Recently acquired loss-making entities to turn PBT positive in 1-2 quarters. Q1 FY27: Company continues to report strong PAT (INR 124 crores), sustaining the achieved profitability.
- 5-Year Cumulative EBITDA went quiet said Q1 FY26 Promised: Generate estimated cumulative EBITDA of ₹6,500 crores over the next five years. Q1 FY27: The specific cumulative EBITDA target was not mentioned for the third consecutive quarter. A new, vague guidance to 'double our EBITDA' was given instead.
- New Project Completion delayed said Q3 FY25 Promised: New projects (Varanasi, Sri Lanka, Bangalore) to be operational by FY28. Q1 FY27: Management announced the Sri Lanka project is delayed to FY30 due to environmental permissions. Other projects (Bangalore, Varanasi) are now guided for completion between FY28-FY30, a delay from previous specific timelines.
All 27 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 7.1%, net profit up 226.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 258 | 534 | 698 | 507 | 489 +90% | 686 +28% | 779 +12% | 543 +7% |
| EBITDA | 87 | 238 | 352 | 208 | 190 +118% | 311 +31% | 385 +9% | 192 −8% |
| Net profit | -47 | 35 | 151 | 38 | 64 +236% | 140 +300% | 259 +72% | 124 +226% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −23.5% 1Y
1Y: ₹751.5 on 10 Sept 2025 → ₹574.7. High ₹779.25 (22 Sept 2025), low ₹548.9 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.9%
- 5 Aug
- Q4 FY26
- −0.7%
- 13 May
- Q3 FY26
- +1.6%
- 3 Feb
- Q2 FY26
- −0.1%
- 14 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 53.3% a year over 1 year, FY25 to FY26. Operating margin narrowed to 44.5%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹1.6k Cr | ₹2.5k Cr |
| Operating profit | ₹745 Cr | ₹1.1k Cr |
| Operating margin | 46.4% | 44.5% |
| Interest | ₹257 Cr | ₹229 Cr |
| Depreciation | ₹256 Cr | ₹327 Cr |
| Net profit | ₹165 Cr | ₹501 Cr |
| Net margin | 10.3% | 20.4% |
| Cash from operations | ₹677 Cr | ₹950 Cr |
| Free cash flow | ₹624 Cr | ₹755 Cr |
| ROCE | 12.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹10 Cr | ₹23 Cr | ₹23 Cr |
| Reserves | ₹324 Cr | ₹5.0k Cr | ₹5.5k Cr |
| Borrowings | ₹470 Cr | ₹2.6k Cr | ₹2.6k Cr |
| Other liabilities | ₹148 Cr | ₹2.4k Cr | ₹2.6k Cr |
| Total liabilities | ₹952 Cr | ₹9.9k Cr | ₹10.7k Cr |
| Fixed assets | ₹556 Cr | ₹8.7k Cr | ₹9.4k Cr |
| Capital work in progress | ₹9 Cr | ₹105 Cr | ₹182 Cr |
| Investments | ₹158 Cr | ₹37 Cr | ₹118 Cr |
| Other assets | ₹229 Cr | ₹1.1k Cr | ₹1.0k Cr |
| Total assets | ₹952 Cr | ₹9.9k Cr | ₹10.7k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +1.52 pp while FIIs trimmed −1.48 pp. The shareholder count shrank 20% to 28,026.
- Promoters
- 89.0%
- FIIs
- 1.2%
- DIIs
- 5.2%
- Public
- 4.6%
Since Jun 2025
- Public +1.52 pp
- FIIs −1.48 pp
- DIIs −0.03 pp
How it drifted, 7 quarters
Over this window FIIs fell from 3.3% to 1.2% — −2.1 pp.
Ownership split by quarter, oldest first. Dec '24: Promoters 89.0%, FIIs 3.3%, DIIs 3.8%, Public 3.9%.Mar '25: Promoters 89.0%, FIIs 2.9%, DIIs 5.4%, Public 2.7%.Jun '25: Promoters 89.0%, FIIs 2.7%, DIIs 5.2%, Public 3.1%.Sep '25: Promoters 89.0%, FIIs 1.7%, DIIs 5.2%, Public 4.1%.Dec '25: Promoters 89.0%, FIIs 1.6%, DIIs 5.2%, Public 4.2%.Mar '26: Promoters 89.0%, FIIs 1.4%, DIIs 5.2%, Public 4.4%.Jun '26: Promoters 89.0%, FIIs 1.2%, DIIs 5.2%, Public 4.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Serum Institute Of India Private Limited newly disclosed 1.03% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ventive Hospitality Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Premsagar Infra Realty Private Limited | 37.28% | unchanged |
| Bre Asia Icc Holdings Ltd | 22.31% | unchanged |
| Brep Asia Iii India Holding Co Vi Pte. Ltd. | 10.05% | unchanged |
| Quant Mutual Fund-Quant ELSS Tax Saver Fund Mutual fund | 4.99% | unchanged |
| Panchshil Infrastructure Holdings Private Limited | 4.17% | unchanged |
| Panchshil Realty And Developers Private Limited | 3.91% | unchanged |
| Balewadi Techpark Private Limited | 3.84% | unchanged |
| Panchshil IT Park Private Limited | 2.08% | unchanged |
| Atul Ishwardas Chordia | 1.65% | unchanged |
| Panchshil Hotels Private Limited | 1.54% | unchanged |
| Serum Institute Of India Private Limited | 1.03% | newly disclosed |
| Atul I. Chordia Huf | 0.99% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Ventive Hospitality Limited
Guides on how to read this kind of business and the numbers that matter.