Key Highlights
- Best-ever Quarterly Performance – Revenue at ₹1.7 Billion, PBT grows 30% YoY
- 37% EBITDA Margin – among the top hospitality brands in the country.
- Q1 FY27 marks its 26th consecutive profitable Quarter.
- Operating Excellence – Occupancy rises 700 BPS, ARR grows 10%, RevPAR grows 20%,
- Sterling Kanha only resort in India to win ‘Best of the Best’ Award four years in succession
TTT NEWS NETWORK
CHENNAI | 5 AUGUST 2026
Sterling Holiday Resorts Limited (SHRL) has delivered its strongest-ever quarterly performance in Q1 FY27, posting record-breaking figures across revenue, profitability, and operational cash flow. The stellar quarter highlights the company’s multi-year structural transformation into a highly scalable and resilient hospitality player.
Sterling delivered robust financial results today, reporting a 21 per cent year-on-year increase in total revenue to ₹1.7 billion.
The company maintained its industry-leading operating efficiency, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) rising 21 per cent to over ₹620 million, holding a steady 37 per cent margin.
Profit before tax (PBT) outpaced revenue growth, surging 30 per cent year-on-year on the back of a 200-basis-point expansion in PBT margins. Operating free cash flow also jumped 30 per cent, driven by higher operating leverage, strict cost controls, and strong cash generation.
Sterling continues to operate with a clean balance sheet, remaining completely debt-free. With cash reserves surpassing ₹3.7 billion, the company is well-positioned to fund its future expansion, technology upgrades, and guest experience initiatives.
Sterling has reported a robust strengthening of its earnings quality, driven by sharp growth across key hospitality metrics and surging consumer demand.
The company’s occupancy rate jumped by 700 basis points to reach 77 per cent, a notable achievement despite a significant expansion in its available room inventory. Meanwhile, Average Room Rate (ARR) scaled a historic high of ₹7,809.
Total Revenue per Available Room (TRevPAR) advanced by 20 per cent, a growth officials attribute to disciplined revenue management, sharp commercial execution, and rising brand equity. This momentum translated into a 29 per cent surge in room revenue and a 15 per cent increase in food and beverage income, as market demand continuously outpaced new supply additions.
Sterling Hospitality has emerged as one of India’s fastest-growing listed hospitality players, expanding its footprint to 78 resorts and nearly 3,800 rooms across more than 65 destinations.
Driven by an “asset-right” strategy, the company is balancing its portfolio across owned, leased, and managed properties to ensure strict capital discipline. Looking ahead, Sterling has secured a robust growth pipeline consisting of over 35 new resorts, which will add more than 2,000 rooms to its national inventory
Customer excellence continues to set Sterling apart from the competition. Highlighting this achievement, Sterling Kanha has secured Tripadvisor’s elite “Best of the Best” Award for the fourth year in a row—ranking it in the top 1% of resorts globally and establishing Sterling as a rare multi-year leader in world-class hospitality. Joining this success, 28 Sterling properties took home Tripadvisor Travellers’ Choice Awards, including 12 resorts celebrated for three consecutive years of outstanding service.
Commenting on the performance, Mr. Vikram Lalvani, Managing Director & CEO, Sterling Holiday Resorts Limited said, “We achieved our best quarter in history during Q1 FY27, setting new records across all financial and operating metrics. This success shows that Sterling has transformed into a resilient, profitable, and scalable hospitality company. Thanks to a rock-solid balance sheet and a strong expansion pipeline, we are moving fast by investing in technology, AI, and leadership. After building a high-quality foundation over the past five years, our goal for the next five years is simple: drive steady growth, boost cash generation, and deliver stronger returns for our stakeholders. The best of Sterling is yet to come.”
About Sterling Holiday Resorts Limited:
Sterling Holiday Resorts Limited has expanded its domestic footprint to 78 properties across more than 65 destinations, positioning itself as a major player in India’s booming hospitality sector. The company’s diverse portfolio now spans key leisure segments, including beaches, hill stations, wildlife sanctuaries, heritage sites, and pilgrimage circuits.
According to company data, the hospitality major is aggressively targeting high-growth travel sectors. Alongside traditional leisure tourism, Sterling is scaling up operations to cater to destination weddings, family reunions, group travel, and the Meetings, Incentives, Conferences, and Exhibitions (MICE) segment.
Pan-India Expansion:
The company’s current network covers prominent tourism hubs across multiple regions:
- North & Hills: Ayodhya, Amritsar, Srinagar, Corbett, Manali, Dharamshala, Dehradun, Mussoorie, and Rishikesh.
- South & Wellness: Ooty, Coorg, Munnar, Wayanad, Alleppey, Madurai, and Tiruvannamalai.
- West & Central Wildlife: Goa, Lonavala, Udaipur, Jodhpur, Gir, Kanha, Ranthambore, and Pench.
- East & Heritage: Darjeeling, Gangtok, Kalimpong, and Puri.
Strong Financial Backing:
Industry analysts note that Sterling’s aggressive market penetration is backed by solid corporate structuring. The brand operates as a 100% independently managed subsidiary of travel services major Thomas Cook (India) Limited. Ultimately, it falls under the umbrella of Canada-based global investment giant Fairfax Financial Holdings Limited, ensuring robust financial backing for its ongoing nationwide expansion.
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