Lemon Tree Hotels

Quick check

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• DebtAdequate safetyRated AA- to A+ by 2 agencies.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 9.2% and profit rose 19% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 22% of the company, about the same as in Jun 2025.
• ValuationCheap vs its pastThe share trades at 33.2 times its yearly earnings (P/E), cheaper than 98% of the time in the last 4 years. Its usual P/E is about 78.

Lemon Tree Hotels against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)33.2 against a typical 25.5: pricier than most peers (1st = cheapest).48th of 74
• Sales growth+9.2% against a typical +10.3% from a year earlier.39th of 70
• Profit growth+18.8% against a typical +17.9% from a year earlier.24th of 50
• Share price, 3 months−2.1% against a typical −7.9%.17th of 67
• Size₹ 8,714.7 Cr. market value against a typical ₹ 232.8 Cr. (1st = largest).7th of 64

Exchange filings and their impact on the company.

• 27 Oct 2026Press ReleaseLow impactPositivePrice +1.3% on 28 Oct
  Lemon Tree signed a 76-room managed hotel in Sirhind, adding marginal fee income.

  Lemon Tree Hotels signed a license agreement for Lemon Tree Hotel, Sirhind with 76 rooms, a restaurant, banquet and wellness facilities. The property will be managed by its wholly-owned subsidiary Carnation Hotels. With this, the group will have 4 operational and 10 upcoming hotels in Punjab, part of 130+ operational and 140+ pipeline hotels overall. As an asset-light managed deal, it adds small fee income with no owned capex.

  Full analysisFiling
• 23 Oct 2026Press ReleaseLow impactPositivePrice +1.1% on 26 Oct
  Signed 63-room asset-light managed hotel in Bhilwara, adding marginal fee income.

  Lemon Tree Hotels signed Keys Lite by Lemon Tree Hotels, Bhilwara with 63 rooms, a restaurant, banquet and meeting facilities. The hotel will be managed by its wholly-owned subsidiary Carnation Hotels, taking the group's Rajasthan footprint to 24 hotels (14 operational and 10 upcoming). As an asset-light management contract, it adds small recurring fee income with no owned investment.

  Full analysisFiling
• 16 Oct 2026Press ReleaseLow impactPositivePrice +0.8% that day
  Lemon Tree signed its largest asset-light deal to operate ~4,000 Omaxe keys, lifting its pipeline to ~16,000 keys.

  Lemon Tree Hotels and its subsidiary Carnation Hotels have signed an MOU with Omaxe to operate about 4,000 hotel rooms across Lucknow, Vrindavan, Amritsar, NCR and other destinations. The company says this is its largest single operating arrangement and takes its total development pipeline to nearly 16,000 rooms. As an asset-light management deal where Omaxe will develop the properties, it boosts Lemon Tree's long-term growth without major capital spending, though meaningful revenue will come only as hotels open over the next few years.

  Full analysisFiling
• 13 Oct 2026Press ReleaseLow impactPositivePrice −0.4% on 14 Oct
  Lemon Tree signed a 52-room Keys Select franchise in Bareilly, adding to its UP pipeline with negligible near-term earnings.

  Lemon Tree Hotels signed a franchise agreement for Keys Select by Lemon Tree Hotels, Bareilly with 52 rooms, a restaurant, banquet and conference facilities. It will be its 26th property in Uttar Pradesh with 8 operational and 18 upcoming hotels. Being franchise-based, it expands the network without company capital investment and will contribute only a small management fee once opened.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Patanjali Govind Keswani

Executive Chairman of the Board

Kapil Sharma

Chief Financial Officer, Executive Director

Davander Singh Tomar

Executive Vice President - Corporate Affairs

Rajeev Janveja

Senior Vice President and Corporate Chef

Vivek Jhawar

Senior Vice President - Business Development

Sareena Kochar

Senior Vice President - Housekeeping

Aradhana Lal

Senior Vice President - Sustainability and ESG

Ritu Ranjan

Senior Vice President, Chief Design Officer