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India
As of 18 Sept 2026, 03:30 pm
On September 14, 2026, Lemon Tree Hotels Limited's subsidiary, Carnation Hotels Private Limited, entered into a Joint Venture Agreement with RJ Corp Limited to develop the Aurika Shillong project. Through this agreement, RJ Corp will acquire a 49% stake in Arum Hotels Private Limited, a step-down subsidiary, causing it to cease being a wholly owned subsidiary. This transaction is expected to be completed by September 21, 2026, and involves no cash consideration for existing stakes, with Arum having reported zero turnover and revenue with a net worth of -1.2 million INR in the previous year. In terms of expansion, the company announced the opening of Lemon Tree Premier in Jabalpur on September 17, 2026, adding 80 rooms and marking its entry into the city. Additionally, on September 15, 2026, Keys Lite by Lemon Tree Hotels opened in Moga, Punjab, with 33 rooms operating under a franchise agreement.
As of September 18, 2026, the daily trend for Lemon Tree Hotels Limited indicates a bearish SuperTrend direction with the SuperTrend level at ₹108.76. The closing price was ₹106.47. Recent performance shows a 1-year return of -38%, a year-to-date return of -32%, and a 3-month return of -5%. The stock has experienced a maximum drawdown of -44% and a current drawdown of -40%.
The nearest identified support levels for Lemon Tree Hotels Limited are ₹106.07 (0.37% below the current price), ₹105.07 (1.32% below), and ₹104.13 (2.19% below). The nearest resistance levels are ₹107.01 (0.5% above the current price), ₹107.75 (1.2% above), and ₹110.50 (3.79% above).
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Upward price movement of 2.68 standard deviations recorded on 2026-09-07.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹344.61 crore | PEAK₹416.40 crore | ₹406.05 crore | ₹306.28 crore | ₹315.77 crore |
| Expenses | ₹267.34 crore | ₹275.41 crore | PEAK₹277.59 crore | ₹252.17 crore | ₹254.15 crore |
| Profit Before Tax | ₹79.41 crore | PEAK₹142.17 crore | ₹98.83 crore | ₹55.82 crore | ₹63.26 crore |
| Profit Loss For Period | ₹57.34 crore | PEAK₹116.45 crore | ₹81.83 crore | ₹41.93 crore | ₹48.10 crore |
| Finance Costs | ₹36.38 crore | ₹38.76 crore | ₹41.44 crore | ₹42.30 crore | PEAK₹44.68 crore |
| Profit Before Exceptional Items And Tax | ₹79.41 crore | PEAK₹144.10 crore | ₹130.16 crore | ₹55.82 crore | ₹63.26 crore |
Revenue from operations increased to ₹344.61 crore in the first quarter of FY2026‑27, up ₹28.84 crore from ₹315.77 crore in the year‑ago quarter. Compared with the immediately preceding March 2026 quarter (₹416.40 crore), revenue declined by 17.2%, a sequential movement that aligns with a seasonally softer June period for the hotel industry.
Finance costs fell for the fifth consecutive quarter on a year‑on‑year basis, declining 18.6% to ₹36.38 crore from ₹44.68 crore in the same quarter last year. Compared with the March 2026 quarter (₹38.76 crore), finance costs were 6.1% lower. The year‑on‑year reduction contributed approximately ₹8.3 crore to pre‑tax profit relative to the prior‑year quarter.
Lemon Tree Hotels delivered year‑on‑year gains in both revenue and profit during the June 2026 quarter. PBT margin expanded as expenses grew more slowly than revenue, and a lower finance cost burden supported earnings. Revenue and net profit declined sequentially from the March 2026 quarter, while total expenses proved more stable, declining by a smaller proportion.
Exchange disclosures and regulatory announcements for Lemon Tree Hotels.
Lemon Tree Hotels held its 34th Annual General Meeting on September 18, 2026, via video conferencing. The agenda included adopting audited standalone and consolidated financial statements for FY ended March 31, 2026, reappointing directors Mr. Aditya Madhav Keswani and Mr. Willem Albertus Hazeleger, and appointing Mr. Patanjali Govind Keswani as Chairman and Non-Executive Director effective April 1, 2027. The statutory and secretarial audit reports for FY 2026 contained no qualifications. E-voting results will be submitted to stock exchanges separately.
Lemon Tree Hotels Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Outcome of Board Meeting of Fleur Hotels Limited, a material subsidiary |SUBJECT: General Updates
Lemon Tree Hotels Limited announced the planned incorporation of a new subsidiary in the Republic of Maldives on September 18, 2026, to operate within the hospitality sector. The holding company, Fleur Hotels Limited, intends to subscribe to an initial capital of 2,000 Maldivian Rufiyaa (MVR) for this entity, subject to regulatory approvals and finalization of the company name. Although the filing lists the event date as September 18, 2026, it clarifies that the actual incorporation process has not yet been initiated.
On September 17, 2026, Lemon Tree Hotels Limited announced the opening of Lemon Tree Premier in Jabalpur, marking its entry into the city and bringing its operational presence in Madhya Pradesh to four hotels. The property features 80 rooms and suites, a multi-cuisine restaurant, and leisure amenities, and is managed by the company's wholly owned subsidiary, Carnation Hotels Private Limited. This expansion supports the group's broader strategy, which includes eleven additional properties currently in the pipeline across the state.
On September 14, 2026, Lemon Tree Hotels Limited's wholly owned subsidiary Carnation Hotels Private Limited entered into a Joint Venture Agreement with RJ Corp Limited to develop the Aurika Shillong project through their step-down subsidiary Arum Hotels Private Limited. Pursuant to this agreement, RJ Corp will acquire a 49% stake in Arum by subscribing to a fresh issuance of equity shares, while Carnation retains 51%, causing Arum to cease being a wholly owned subsidiary upon completion expected by September 21, 2026. The transaction involves no cash consideration for the sale of existing stakes, and Arum reported zero turnover and revenue with a net worth of -1.2 million INR in the previous year.
On September 15, 2026, Lemon Tree Hotels Limited announced the opening of Keys Lite by Lemon Tree Hotels in Moga, Punjab, operating under a franchise agreement with 33 rooms. This launch marks the company's fourth operational hotel in the state and brings its total pipeline in Punjab to nine additional properties. The facility includes a multi-cuisine restaurant, fitness center, and various room types, positioning the brand within India's Tier-3 markets.
On September 14, 2026, Lemon Tree Hotels Limited's wholly owned subsidiary Carnation Hotels Private Limited executed a Joint Venture Agreement with RJ Corp Limited to develop the Aurika Shillong project through their Special Purpose Vehicle, Arum Hotels Private Limited. Pursuant to this agreement, Arum will issue 47,653,94 equity shares of Rs. 10 each to RJ Corp within seven days, resulting in RJ Corp acquiring a 49% stake while Carnation retains 51%. Consequently, Arum will cease to be a step-down wholly owned subsidiary and continue as a step-down subsidiary with an equal board representation for both parties.
On September 14, 2026, Lemon Tree Hotels Limited's wholly owned subsidiary Carnation Hotels Private Limited executed a Joint Venture Agreement with RJ Corp Limited to develop the Aurika Shillong project through their Special Purpose Vehicle, Arum Hotels Private Limited. Pursuant to this agreement, Arum will issue 47,653,94 equity shares of Rs. 10 each to RJ Corp within seven days, resulting in RJ Corp acquiring a 49% stake while Carnation retains 51%. Consequently, Arum ceased to be a step-down wholly owned subsidiary and became a joint venture with an equal board representation for both parties, generating no immediate consideration or turnover impact for the parent company.
Recent market and company developments associated with Lemon Tree Hotels.
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Indian equity markets experienced volatility, with the Nifty 50 extending its losing streak for four weeks. Escalating US-Iran hostilities pushed crude oil prices higher, impacting overall market sentiment. Several companies, including Tata Motors and Rail Vikas Nigam, are expected to be active on Monday. Mazagon Dock Shipbuilders and Eicher Motors also reported significant corporate developments. Lupin received US FDA approval, while JSW Steel saw production increases in August.
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Lemon Tree Hotel, Bodhgaya will feature 75 well-appointed rooms, a restaurant, banquet hall, meeting/conference room, swimming pool and a fitness center.
Lemon Tree Hotels announced the opening of its 13th operational property in Gujarat, Lemon Tree Premier, Vadodara, strengthening its presence in one of the state's key commercial and cultural centres.
Comprehensive Section Breakdown for Lemon Tree Hotels
Strategic Vision: Indian hotel chain operating across hospitality segments.
• Operates across various segments of the hospitality industry.
• Extensive portfolio of hotels across India and internationally.
• Differentiated service offerings and value propositions across multiple brands.
Lemon Tree Hotels Limited reported revenue from operations of ₹344.61 crore for the quarter ended June 30, 2026, a 9.1% increase from the same period last year. Net profit rose 19.2% to ₹57.34 crore. Profit before tax margin expanded as total expenses grew more slowly than revenue, and finance costs continued to decline, providing a further lift to earnings. On a sequential basis, revenue and profit were lower than the March 2026 quarter, accompanied by a smaller reduction in expenses.
Profit before tax (PBT) grew 25.5% year‑on‑year to ₹79.41 crore from ₹63.26 crore. As a percentage of revenue, PBT margin widened from 20.0% to 23.0%, driven by revenue growth of 9.1% while total expenses rose by only 5.2%.
Net profit after tax rose 19.2% to ₹57.34 crore from ₹48.10 crore. The tax charge increased to ₹21.78 crore (27.4% of PBT) from ₹14.76 crore (23.3% of PBT) a year earlier, reflecting a higher effective tax rate. Diluted earnings per share were ₹0.58, compared with ₹0.48 a year ago.
Total expenses increased 5.2% year‑on‑year to ₹267.34 crore from ₹254.15 crore, a slower pace than the 9.1% revenue gain. Employee benefit expense was ₹64.75 crore in the quarter, and the cost of materials consumed amounted to ₹20.43 crore.
On a sequential basis, total expenses fell 2.9% from ₹275.41 crore in the March 2026 quarter, a smaller decline than the 17.2% drop in revenue, suggesting that a portion of costs does not vary directly with quarterly revenue. Depreciation expense for the quarter was ₹36.06 crore.
Lemon Tree Hotels delivered a solid Q1 FY27, with consolidated revenue from operations rising 9.1% YoY to ₹344.61 crore and net profit increasing 19.2% YoY to ₹57.34 crore, reflecting strong demand across its portfolio. The Board continued to execute its strategic agenda, approving a Composite Scheme of Arrangement to segregate hotel ownership and development from the management and brand business—a move that received Competition Commission of India approval on April 7, 2026. Additionally, a new joint venture for the Aurika Shillong project was formalized, with subsidiary Carnation Hotels holding a 51% stake. Management noted that Q1 results are not indicative of the full year due to seasonal factors, and the company is evaluating the impact of new Labour Codes on employee benefit costs.
Category: Hospitality
Upscale properties offering exclusive experiences, sustainable design inspired by local culture, elegant ambience, and efficient service.
Key Products & Services: Aurika Hotels & Resorts
Category: Hospitality
Upper-midscale hotels and resorts with stylish, contemporary interiors, focusing on warm, friendly service, personalized experiences, award-winning restaurants, and rejuvenating recreational options.
Key Products & Services: Lemon Tree Premier
Category: Hospitality
Midscale hotels and resorts characterized by fresh, vibrant interiors, quirky elements, and a spirited environment, aiming to provide a comfortable, home-like experience.
Key Products & Services: Lemon Tree Hotels
Category: Hospitality
Economy hotels known for their fun, bold interiors, and crisp, clean rooms, focusing on professional service, reliable safety standards, and value.
Key Products & Services: Red Fox by Lemon Tree Hotels
Category: Hospitality
Upper-midscale properties.
Key Products & Services: Keys Prima by Lemon Tree Hotels
Category: Hospitality
Midscale properties.
Key Products & Services: Keys Select by Lemon Tree Hotels
Category: Hospitality
Economy properties.
Key Products & Services: Keys Lite by Lemon Tree Hotels
Core Thesis: The company caters to a diverse range of guests by offering seven distinct brands across upscale, upper-midscale, midscale, and economy segments.
• Hybrid Business Model: The group employs a hybrid business model that includes owning, leasing, operating, and franchising hotels. • Brand Diversification: The company offers seven distinct brands catering to different market segments and guest needs. • Geographic Expansion: The company has a significant presence across major Indian cities and is expanding internationally.