Sterling Holiday Resorts Ltd. has begun FY26 with its strongest first quarter to date, recording INR 1,392 million in revenue — up 8% year-on-year — and a 25% surge in EBITDA to INR 514 million. Profit Before Tax climbed 27% to INR 371 million, while the company maintained its debt-free status, closing the quarter with cash reserves of INR 2,963 million.
Despite expanding room inventory by 21% year-on-year, Sterling sustained robust pricing with an Average Room Rate of INR 7,089. Room revenue rose 11%, and Food & Beverage revenue increased 16%, reflecting balanced growth across business segments.
“This quarter marks Sterling’s shift from transformation to high-performance execution,” said Vikram Lalvani, MD & CEO. “With strong foundations in people, brand, and technology, we’re now set to scale with purpose — delivering exceptional holiday experiences and lasting value.”
The network grew to 54 destinations with the opening of Sterling Kastoori in Rudraprayag and Sterling Vanavasa in Lansdowne, strengthening its presence in Rajasthan, Uttarakhand, Tamil Nadu, Kerala, and key wildlife and Himalayan destinations.
Sterling’s commitment to guest satisfaction earned national recognition, with 30 resorts receiving TripAdvisor Travelers’ Choice Awards. Sterling Kanha achieved “Best of the Best” for the third consecutive year.
Through its ESG programme, Sterling Sankalp, the company advanced solar and heat pump adoption, eliminated plastic bottled water with in-house bottling plants, and, via a partnership with the Fairfax India Charitable Foundation, supported dialysis machine installations in seven hospitals.
With a pipeline of over 20 upcoming resorts, rising domestic travel demand, and a strong operational foundation, Sterling is poised for accelerated, responsible growth through FY26 — continuing to blend scale with standout guest experiences.
