The Oberoi Rajgarh Palace, Khajuraho ( Credit Oberoi Hotels& Resorts)NEW DELHI: Oberoi Group parent EIH Ltd Thursday reported a 226% increase in Q1 profit to Rs 120 crore and its revenue rose 15% to Rs 698 crore. The double-digit growth came despite a volatile geo-political environment and supported by resilient domestic demand and sustained momentum in luxury travel. EIH share closed 0.3% lower at Rs 326.05 BSE Thursday when the broader market was up 0.5%.EIH Ltd executive chairman Arjun Oberoi said: “India is emerging as one of the world's most dynamic travel and tourism markets, presenting a transformational opportunity for our industry. Despite an uncertain global environment, the resilience of domestic demand and the strength of India's long-term fundamentals give us confidence to invest in growth. We are undertaking one of the most ambitious development programmes in EIH's history while remaining firmly committed to excellence, sustainability, and value creation.”EIH Ltd MD and CEO Vikram Oberoi said: “We are pleased to report a strong start to the financial year, delivering robust revenue growth despite geopolitical uncertainty. Our Quarter 1 performance reflects sustained domestic demand, the enduring trust and loyalty of our guests, and the dedication of our colleagues who consistently deliver exceptional hospitality. As we pursue our growth strategy and expand our footprint, we remain committed to creating long-term value for all stakeholders through operational excellence, prudent capital allocation, and unforgettable guest experiences.”The hospitality major said in a statement India presents significant opportunities for the hospitality sector, driven by resilient domestic travel, improving connectivity and expanding infrastructure.“EIH continues to strengthen its development pipeline through carefully selected projects that align with its long-term vision and reinforce its leadership in luxury hospitality. Among the recent additions to its portfolio are The Oberoi Rajgarh Palace, Khajuraho and Naila Fort, an Oberoi Residence, Jaipur, two distinctive properties that embody the Group's philosophy of creating exceptional hospitality experiences rooted in heritage, culture and a strong sense of place. Naila fort is first residence managed by EIH,” it said in a statement.Apart from them, EIH added these hotels under management agreements to its development pipeline this Q1: The Oberoi, Kabini - a 60-key luxury wildlife resort adjoining Nagarhole National Park; The Oberoi, Hampi - a 60-key luxury resort near the UNESCO World Heritage Site of Hampi; The Oberoi, Coorg - a 100-key luxury resort; The Oberoi Cairo - a 147-key luxury hotel that will further strengthen the group’s presence in Egypt; Trident, Amritsar - a 150-key hotel and Trident, Pavana - a 150-key leisure hotel near Mumbai.“These developments support EIH's aspiration to significantly expand its portfolio by 2030. They also strengthen the Company's position to capitalise on the long-term growth opportunities emerging across India and international markets,” said the statement.
Oberoi Hotels reports 226% increase in Q1 profit at Rs 120 crore in tough quarter
NEW DELHI: Oberoi Group parent EIH Ltd Thursday reported a 226% increase in Q1 profit to Rs 120 crore and its revenue rose 15% to Rs 698 crore. The double-digit growth came despite a volatile geo-political environment and supported by resilient domestic demand and sustained momentum in luxury travel.











