Luxury hotel chain The Leela is accelerating its growth trajectory, reporting a net profit of Rs 74.7 crore for Q2 FY26, a significant turnaround from a INR 51.17 crore loss in the same period last year. The company’s consolidated revenue rose to INR 310.65 crore, with RevPAR up 13% to Rs 13,262, outperforming luxury segment benchmarks across all markets.
The positive performance underscores The Leela’s ongoing expansion plans. With nine new hotels in the pipeline, the company aims to operate 22 properties by 2028 in high-growth destinations including Agra, Ayodhya, Bandhavgarh, Mumbai, Ranthambore, Sikkim, Srinagar — and now Dubai, marking its first international foray.
The board has approved acquiring a 25% stake in a luxury beachfront resort on Dubai’s Palm Jumeirah, with private funds managed by Brookfield taking the remaining 75%. The 23-acre resort includes 546 keys — 361 hotel rooms, 182 residences, and three villas — and will be converted to The Leela brand, extending its global presence.
CEO Anuraag Bhatnagar said, “This marks our fourth consecutive profitable quarter. Our Dubai entry reinforces The Leela’s strategy of growth, portfolio enhancement, and world-class hospitality expansion.”
