Espire Hospi - Espire Hospi

📊 BSE: 532016 🏢 Hotels & Resorts 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment, Hotels and Resorts, which recorded revenue of INR 120.18 Cr in FY 2024-25, representing a substantial 230% growth compared to INR 36.36 Cr in FY 2023-24.

Geographic Revenue Split

Revenue is primarily driven by 15 destinations including Rishikesh, Amritsar, Ayodhya, Jim Corbett, Bhimtal, Goa, Mussoorie, and Ranthambore. Specific percentage splits per region are not disclosed.

Profitability Margins

Net Profit Margin for FY 2024-25 stood at 6.9% (INR 8.29 Cr profit on INR 120.18 Cr revenue), improving from 7.0% in the previous year despite higher operational scale. Q3 FY25 PAT grew 214% YoY to INR 2.79 Cr.

EBITDA Margin

EBITDA Margin for FY 2024-25 was 19.2%, with absolute EBITDA surging 206% YoY to INR 23.07 Cr. Q3 FY25 EBITDA margin reached 20.7% (INR 8.56 Cr).

Capital Expenditure

The company added 200+ keys to its inventory in FY 2024-25 through three new properties. Total planned expenditure for the 1125+ key pipeline is not explicitly disclosed in absolute INR Cr.

Credit Rating & Borrowing

Finance costs for Q3 FY25 were INR 2.80 Cr, a 115% increase from INR 1.30 Cr in Q3 FY24, reflecting increased borrowing to fund portfolio expansion.

⚙️ Operational Drivers

Raw Materials

Food, beverages, and guest supplies (Cost of Materials Consumed) represent 5.5% of total revenue, amounting to INR 2.29 Cr in Q3 FY25.

Import Sources

Primarily sourced from domestic vendors within India to support operations in Uttarakhand, Punjab, Uttar Pradesh, and Rajasthan.

Capacity Expansion

Current portfolio consists of 20 hotels and 1125+ keys (including confirmed pipeline). Added 200+ keys in FY25 via Zana by the Ganges, Country Inn Premier Amritsar, and Country Inn Anant Ayodhya.

Raw Material Costs

Raw material costs stood at INR 2.29 Cr in Q3 FY25, representing 5.5% of revenue. Procurement strategies focus on supporting luxury and upscale guest experiences.

Manufacturing Efficiency

RevPAR of INR 8,051 for FY 2024-25 is 51% higher than the industry average of INR 5,326, indicating high asset utilization and efficiency.

📈 Strategic Growth

Expected Growth Rate

230%

Growth Strategy

Growth is driven by aggressive expansion into high-potential spiritual and leisure markets (Ayodhya, Rishikesh), strategic consolidation with Espire Resorts to include the Six Senses brand, and outperforming industry ADR and RevPAR benchmarks through premium positioning.

Products & Services

Luxury hotel stays, ultra-luxury resort experiences, spiritual tourism hospitality, and wedding venue services.

Brand Portfolio

Zana Luxury Escape, Country Inn Premier, Country Inn Nature Resort, Country Inn Tarika, Six Senses Fort Barwara.

New Products/Services

Launched Zana by the Ganges (Rishikesh), Country Inn Premier (Amritsar), and Country Inn Anant (Ayodhya) in FY25, contributing to the 230% annual revenue growth.

Market Expansion

Aggressive expansion in high-potential markets with a robust pipeline of confirmed openings in new destinations to capture luxury and midscale travelers.

Strategic Alliances

Strategic tie-up and business consolidation with Espire Resorts Private Limited to bring the Six Senses brand (Fort Barwara) into the portfolio.

🌍 External Factors

Industry Trends

The industry is seeing a surge in spiritual and premium leisure tourism; the company is positioning itself in Ayodhya and Rishikesh to capture this demand, outperforming industry ADR by 79%.

Competitive Landscape

Competes in the luxury and upscale segments against established hotel chains, leveraging superior ADR and RevPAR to maintain market leadership.

Competitive Moat

Moat is built on a strategic alliance with Six Senses and a high-end portfolio allowing for a 79.4% ADR premium over the industry average, which is sustainable due to brand equity and location-specific advantages.