The Leela Hotels Posts INR 75 Cr Q2 Profit, Announces Landmark Dubai Expansion with INR 437 Cr Investment

New Delhi – The Leela Palaces, Hotels & Resorts has reported a robust profit after tax of ?75 crore for Q2 FY26, a sharp rebound from a ?51 crore loss in the same period last year. The luxury hospitality group in India has now registered four consecutive profitable quarters, underscoring the strength of its operations and premium positioning in the market.

Q2 FY26 Financial Snapshot

Strategic Leap: The Leela Enters Dubai

In a defining moment for the brand, The Leela has received board approval to acquire a 25% stake in a luxury beachfront resort at Palm Jumeirah in Dubai—marking its first-ever international venture.

• Investment for 25% stake: ?437 crore
• Remaining 75% stake: To be acquired by Brookfield-managed funds

"This marks our entry into the international luxury hospitality space and reflects our ambition to scale globally," said Anuraag Bhatnagar, CEO, The Leela.

CEO's Outlook

"This quarter underscores the strength of our business model," Bhatnagar noted. "Revenue per available room grew 13%, with owned hotels showing strong double-digit RevPAR growth across both city and resort segments."

He further emphasized that The Leela remains on track for mid-to-high teens EBITDA growth through:

• Strategic portfolio expansion
• Brand enhancement and experiential luxury offerings
• Operational excellence across city and resort properties

Looking Ahead

Leela's entry into Dubai's Palm Jumeirah luxury market marks a pivotal step in its global growth journey. The move not only enhances the brand's international visibility but also positions it among India's foremost luxury hospitality exports. With rising domestic demand and strategic global diversification in Dubai, The Leela is poised to redefine the future of Indian luxury hospitality.