Lemon Tree Delivers Its Strongest Q2 Ever, Though Growth Momentum Moderates
Q2 FY26 Revenue
₹308 Cr
Source: Lemon Tree Hotels Q2 FY26 Quarterly Filings
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About the Company
Lemon Tree Hotels is India's largest mid-priced hotel chain and the third-largest overall by owned and leased room inventory. Founded in 2002, the company operates across economy to upper midscale segments with brands including Lemon Tree Premier, Lemon Tree Hotels, and Red Fox.
About This Chart
Q2 FY26 marks Lemon Tree's best-ever Q2 revenue at ₹308 Cr, despite Q2 being a typically softer quarter for hospitality. YoY growth has moderated to 8.1% from the 20-30% rates seen during FY24-FY25, signalling a shift to normalized, capacity-driven growth.
₹308 Cr
Best-Ever Q2 Revenue
Record seasonal performance
8.1%
YoY Growth
Down from 18.3% in Q1
60%+
Growth Over 8 Quarters
Q1 FY23 to Q2 FY26
₹379 Cr
FY25 Peak (Q4)
All-time high revenue
Key Insights
What the Data Shows
- Best-ever Q2 revenue at ₹308 Cr despite sector seasonality
- YoY growth moderates sharply to 8.1% from 18.3% in Q1 FY26
- Revenue grown 60%+ over eight quarters (Q1 FY23 to Q2 FY26)
- FY25 peak revenue (₹379 Cr in Q4) remains unmatched
What It Means
- Revenue base has stepped up with stronger structural demand
- Transition from post-pandemic hyper-growth to stable cycle
- Future gains from portfolio additions and yield management
- Higher revenue floor signals improved pricing discipline
Management Commentary
"Growth ahead will be shaped more by new inventory, RevPAR uplift, and operating leverage, not demand recovery tailwinds."
— Lemon Tree Hotels, Q2 FY26📬 Get charts Updates
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Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Data reflects point-in-time estimates from company filings and may not represent current conditions. Always conduct your own research before making investment decisions.