Hospitality major completes 25 consecutive profitable quarters; plans aggressive expansion to 95 resorts by 2027.
Sterling Holiday Resorts has reported its best-ever fourth quarter performance for FY26, posting strong growth across revenue, profitability and resort expansion, while completing its 25th consecutive profitable quarter.
The company reported Q4 FY26 revenue of ₹1,409 million, marking a 14 percent year-on-year growth. EBITDA stood at ₹348 million, while Profit Before Tax reached ₹206 million during the quarter.
For the full financial year FY26, Sterling reported revenue of ₹5,487 million with EBITDA of ₹1,701 million and PBT of ₹1,142 million, reflecting sustained momentum in India’s domestic leisure travel sector.
Sterling’s resort-led business model continued to drive growth during the year. Resort revenue increased 15 percent year-on-year to ₹4,678 million, while room revenue grew 21 percent. Food and beverage revenue also registered a 14 percent increase.
During Q4, room revenue surged nearly 40 percent to ₹672 million. Occupancy improved to 64 percent compared to 58 percent last year, while Average Room Rate increased 12 percent to ₹6,347.
The company also crossed a major milestone during FY26, expanding to 78 resorts, hotels and retreats across 65 destinations with more than 3,800 rooms nationwide. Sterling added 31 resorts over the last 24 months and expects to cross 95 resorts and 4,500 rooms by 2027.
Sterling maintained a debt-free balance sheet and reported operating free cash flow growth of 49 percent year-on-year to ₹1,140 million.
The company also strengthened its technology and travel distribution ecosystem through “Sterling ONE,” its AI-powered digital platform that now connects over 7,000 travel partners and 360 corporates.
Commenting on the performance, Managing Director & CEO Vikram Lalvani said FY26 has been a defining year for the company, driven by strong revenues, profitability, expansion and balance sheet strength.
