Sterling Reports FY26 Growth with Higher Revenue and Expansion

Sterling FY26 Performance Driven by Resort Expansion and Profitability

Sterling Holiday Resorts reported growth in FY26 with higher revenue, continued profitability and expansion across India’s hospitality sector.

The company reported Q4 FY26 revenue of ₹1,409 million, up 14 per cent year on year. EBITDA stood at ₹348 million, while Profit Before Tax reached ₹206 million during the quarter. Sterling also completed its 25th consecutive profitable quarter.

For the full financial year FY26, the company recorded revenue of ₹5,487 million and EBITDA of ₹1,701 million, maintaining an EBITDA margin of 31 per cent. Profit Before Tax for the year stood at ₹1,142 million.

Sterling’s resort-led business continued to contribute significantly to its performance during the year. Resort revenue grew 15 per cent year-on-year to ₹4,678 million, while room revenue increased by 21 per cent. Food and beverage revenue also grew 14 per cent during FY26.

During the fourth quarter, room revenue rose nearly 40 per cent to ₹672 million. Occupancy improved to 64 per cent from 58 per cent in the previous year, while ARR increased to ₹6,347.

The company expanded its portfolio to 78 resorts, hotels and retreats across 65 destinations, with more than 3,800 rooms operational during FY26. Sterling added 31 resorts over the last 24 months and expects to cross 95 resorts and 4,500 rooms in 2027.

Sterling also maintained a debt-free balance sheet, with cash reserves growing to nearly ₹3,400 million. Operating free cash flow increased 49 per cent year-on-year to ₹1,140 million.

The company continued to strengthen its digital and operational capabilities through Sterling ONE, its proprietary platform powered by distributed ledger technology and AI, which now connects more than 7,000 travel partners and 360 corporates.

Commenting on the performance, Vikram Lalvani, Managing Director and CEO of Sterling Holiday Resorts, said FY26 marked an important year for the company with growth across revenue, profitability, resort expansion and operational capabilities.

The company also received multiple recognitions during the year, including TripAdvisor awards, Booking.com Traveller Review Awards and hospitality industry honours across its resorts and restaurants.

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