Ventive Hospitality reports a 13% revenue increase in India driven by higher room rates and full hotels, as the company invests in solar projects and expands its luxury portfolio amid rising costs in the Maldives.
Ventive Hospitality said its India business delivered a strong start to the year, with revenue rising 13% from a year earlier to ₹203 crore as higher room rates and fuller hotels pushed earnings higher. Chief executive Ranjit Batra said the core market remained firm, with revenue per available room up 20% on the back of a 7% rise in occupancy and an 8% increase in average daily rates.
The company’s luxury-focused portfolio continued to benefit from demand in Pune, where it has a dominant position and where corporate travel, conventions and weddings are supporting prices. Batra said the city still has little new luxury supply in the pipeline, while office development and the growth of global capability centres should underpin demand over the coming years. Ventive also pointed to its annuity assets, which produced an 87% EBITDA margin and 98% committed occupancy.
The picture was less comfortable in the Maldives, where EBITDA fell 32% as fuel costs surged after diesel prices doubled during the period of West Asia conflict. Ventive said Maldives revenue still rose 5%, but higher fuel and ancillary costs cut into consolidated earnings. Batra said the company has since shifted its commercial focus towards higher-value source markets, with India’s share of arrivals rising and China and Russia also performing well. He added that July arrivals had recovered to 2025 levels as disruption eased.
Ventive is now leaning on solar power to reduce exposure to diesel prices. The company said projects across its India and Maldives resorts should cut energy costs meaningfully, with the first major benefits expected from fiscal 2028. In Pune, a ₹60 crore captive solar investment with battery storage is due to be commissioned in the final quarter of fiscal 2027 and is expected to reduce energy bills sharply.
The group is also broadening its portfolio through acquisitions and development. It recently added Sahyadri Hills Wellness Estate, a Ritz-Carlton Reserve project with branded residences, and said the deal should generate a return on cost above 12%. The company also highlighted a healthy balance sheet, with net debt to EBITDA at 1.2 times, and said a switch to the new tax regime lowered its effective tax rate and produced a one-off deferred tax reversal of ₹102 crore.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
