Suba Hotels Limited, recognized as India's 9th largest hotel chain and listed on the NSE SME platform under the ticker SUBAHOTELS, has announced its audited financial results for the fiscal year ending March 31, 2026. The company reported its highest-ever total revenue of INR 115.89 crore, marking a significant milestone in its growth trajectory.
Record Revenue and Network Expansion
During FY26, Suba Hotels expanded its operational footprint to over 102 hotels, encompassing more than 4,660 keys across 73 destinations. This expansion reflects the company's robust business model and its ability to scale operations effectively. The revenue growth of 45% during the year was driven by network expansion, improved business volumes, and sustained traction across its brand portfolio and operating formats.
Management Commentary
Mr. Mansur Mehta, Managing Director of Suba Hotels Limited, commented on the results: "FY26 has been a landmark year for Suba Hotels as we delivered our highest-ever revenue while expanding our footprint. These milestones reflect the strength of our business model, the trust of our partners, and our ability to consistently execute at scale."
He further highlighted the company's unique competitive advantage: "One of the biggest strengths of Suba Hotels is our ability to operate across all five hospitality business models: Management Contracts, Revenue Sharing, Franchising, Asset Ownership, and Hybrid Structures. To the best of our knowledge, Suba Hotels is the only listed hospitality company in India with a presence across all five operating models. This provides us with a unique competitive advantage, allowing us to partner with hotel owners in a flexible manner and accelerate expansion across markets and segments."
Mr. Mubeen Mehta, CEO of Suba Hotels Limited, added: "The scale achieved during FY26 demonstrates the strength of our operating platform and execution capabilities. Revenue grew by 45% during the year, supported by network expansion, improved business volumes, and continued traction across our brands and operating formats."
He also addressed margin impacts: "While EBITDA and PAT continued to grow, margins were impacted by changes in the GST framework introduced during the year, which resulted in the loss of Input Tax Credit benefits on certain operating expenses. This regulatory change affected the hospitality industry as a whole and led to a higher cost base despite strong underlying business performance."
Future Outlook
Looking ahead, the company's focus remains on expanding the portfolio through asset-light models, improving operating efficiencies, and strengthening its presence across high-growth markets. With a strong pipeline of hotels under development, Suba Hotels is confident in its ability to sustain growth and create long-term value for stakeholders.
About Suba Hotels Limited
Suba Hotels Limited is India's 9th largest hotel chain and one of the fastest-growing domestic hotel chains in the mid-market segment. The company offers a comprehensive mix of upscale, upper midscale, midscale, and economy brands. With a strong footprint across Tier 2 and Tier 3 cities, Suba has established itself through strategic market penetration, asset-light growth models, and a commitment to superior guest experiences at accessible price points.
In 2022, Suba became the exclusive master franchisee of Choice Hotels in India, bringing globally recognized brands such as Comfort, Clarion, and Quality under its umbrella. This partnership positioned Suba as a key player in India's mid-market hospitality segment.
Disclaimer
This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
Note: As per the JJL Report (India Hospitality Industry Overview), DRHP, and RHP, Suba ranks as the 9th largest hotel chain in India.
