Apeejay Surrendra Park Hotels targets 6,653 keys as FY26 revenue tops ₹707 crore

The company reported FY26 results while outlining plans to more than double its room inventory over the next five years.
Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for the fourth quarter and year ended March 31, 2026.

Revenue from operations stood at Rs. 183.70 crore in Q4 FY26, versus Rs. 177.32 crore in Q4 FY25. Operating EBITDA was Rs. 52.99 crore versus Rs. 62.09 crore in the corresponding quarter last year, while profit after tax for the quarter stood at Rs. 11.88 crore versus Rs. 26.58 crore in Q4 FY25. For FY26, revenue from operations stood at Rs. 707.28 crore and PAT at Rs. 65.72 crore

Expansion and Portfolio Growth

The company continued to expand its presence during the year, with a focus on Tier II and Tier III markets. It acquired controlling stakes in Zillion Hotels and Resorts Private Limited, Fisherman’s Grove Resorts Private Limited and Thali Hotels and Destinations Private Limited, adding properties in Mumbai and Kerala to its portfolio. The company also plans to increase its room inventory to 6,653 keys over the next five years.

Flurys Performance

Flurys, the Company’s iconic bakery and confectionery brand, now operates 110 outlets and remains well positioned for further expansion. Flurys delivered a strong 29% YoY growth in revenue during FY26, reflecting continued traction across both new and existing stores. The brand’s consistent network expansion aligns with the Company’s strategy to scale its retail footprint while preserving its rich legacy and brand equity.

Leadership Comment

Commenting on the Q4 FY26 performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said, “FY26 has been a significant year, with revenue crossing the ₹700 crore milestone for the first time. Q4 continued to reflect resilient operating performance across the portfolio with the Company maintaining its leadership position in occupancy and RevPAR. The sale of serviced apartments at EM Bypas Kolkata, has exceeded expectations resulting in substantial improvement in this year’s cash flow. The 75% dividend payout approved by the Board reflects the strength of our balance sheet and growth momentum. The outlook remains positive, and we continue to focus on creating long-term value for our shareholders through strategic portfolio expansion, enhanced guest-centric experiences, operational excellence, and sustained margin improvement.”