Why did Royal Orchid Hotels miss its revenue target?

The company reported **₹384 crore** for FY26, failing to reach the **₹420 crore** projection management previously set.

What is the status of the company's future revenue guidance?

Management withdrew its medium-term guidance of **₹500 crore** for FY27-28, citing geopolitical instability and rising costs.

What caused the write-off at the Iconica Mumbai property?

Auditors disallowed the capitalization of pre-operating expenses, forcing a **₹5.5 crore** write-off that delays the property's path to profitability.

Does the company still have a long-term expansion plan?

Yes, management maintains a vision for **345** hotels and **22,000** keys by 2030, though it declined to provide specific near-term forecasts.

Concalls · Hospitality · Micro cap

Royal Orchid Hotels misses revenue target and pulls long-term guidance

The hotel chain reported FY26 revenue of ₹384 crore, missing its own ₹420 crore target, and wrote off ₹5.5 crore at its Mumbai flagship.

— 1 earlier story on Royal Orchid Hotels Ltd. →

ROHLTD 26 May 2026 · 1:17 PM IST Verify on BSE · NSE

Mkt cap₹879 cr

P/E27.31×

ROE20.47%

Debt / eq.0.43

Div yld0.74%

₹384 cr Consolidated revenue for FY26, falling short of the ₹420 cr projection.

What's new

FY26 revenue of ₹384 cr missed the company's own ₹420 cr target.
Management withdrew its medium-term revenue guidance of ₹500 cr for FY27-28.
Iconica Mumbai recorded a ₹5.5 cr write-off after auditors rejected pre-operating expense capitalization.

Why this matters

Missing revenue targets while simultaneously pulling future guidance is a clear signal of cooling momentum. The surprise write-off at the Mumbai flagship further complicates the path to profitability for a key asset.

What we're watching

Whether the company provides updated near-term financial targets.
The impact of the Iconica Mumbai write-off on upcoming quarterly margins.
Any further delays in the 2030 expansion plan.

The full read

Royal Orchid Hotels missed its FY26 revenue target, reporting ₹384 crore against a previous projection of ₹420 crore. The company responded by withdrawing its medium-term guidance of ₹500 crore for FY27-28, pointing to geopolitical instability and rising costs. Compounding the disappointment, the flagship Iconica Mumbai property recorded a ₹5.5 crore write-off after auditors disallowed the capitalization of pre-operating expenses. This move delays the hotel's path to profitability. While management continues to tout a long-term vision of 345 hotels and 22,000 keys by 2030, the lack of specific near-term forecasts suggests a period of uncertainty. The company is effectively hitting the reset button on its financial outlook.

Questions answered

Why did Royal Orchid Hotels miss its revenue target?: The company reported ₹384 crore for FY26, failing to reach the ₹420 crore projection management previously set.
What is the status of the company's future revenue guidance?: Management withdrew its medium-term guidance of ₹500 crore for FY27-28, citing geopolitical instability and rising costs.
What caused the write-off at the Iconica Mumbai property?: Auditors disallowed the capitalization of pre-operating expenses, forcing a ₹5.5 crore write-off that delays the property's path to profitability.
Does the company still have a long-term expansion plan?: Yes, management maintains a vision for 345 hotels and 22,000 keys by 2030, though it declined to provide specific near-term forecasts.

Mentioned: Royal Orchid Hotels · Iconica Mumbai

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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26 May 2026 · 1:17 PM IST Royal Orchid Hotels misses revenue target and pulls long-term guidance
today Royal Orchid Hotels releases Q4 and FY26 summary