Press Release

LEELA PALACES HOTELS & RESORTS LIMITED (formerly known as Schloss Bangalore Limited) Registered Office: The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar New Delhi South Delhi 110023 Tel No. +91 (11) 39331234 Email Id: cs@theleela.com CIN: L55209DL2019PLC347492 Website: www.theleela.com Ref No. THELEELA/2026-27/52 Date: October 14, 2026 To To Sr. General Manager Sr. General Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai – 400001 Bandra (E), Mumbai – 400 051 Scrip Code- 544408 Symbol- THELEELA ISIN - INE0AQ201015 ISIN - INE0AQ201015 Sub: Press Release on Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Press Release titled “Leela Palaces, Hotels & Resorts delivers continued outperformance in Q2 FY27 with 30% RevPAR Growth and 36% operating EBITDA Growth”. The above information will also be available on the website of the Company at www.theleela.com/investors. We request you to kindly take the above on record. Thanking you, For Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited) Jyoti Maheshwari Company Secretary and Compliance Officer Membership No.: A24469 Encl.: as Above PRESS RELEASE LEELA PALACES, HOTELS & RESORTS DELIVERS CONTINUED OUTPERFORMANCE IN Q2 FY27 WITH 30% REVPAR GROWTH AND 36% OPERATING EBITDA GROWTH Q2FY27 Operating Revenue grows 33% to ₹4,119 million and Operating EBITDA rises 36% to ₹1,877 million; PAT up 27% to ₹946 million Mumbai, 14 October 2026: Leela Palaces Hotels & Resorts Limited (NSE: THELEELA), India's only listed pure-play luxury hospitality company, today announced another quarter of industry-leading growth, reaffirming the strength of its premium positioning, pricing power and disciplined expansion strategy. Backed by resilient domestic and reviving international luxury demand, and one of the industry's strongest luxury development pipelines, the Company continues to strengthen its position as India's premier luxury hospitality platform and ranks #2 among the World’s Best Hotel Brands. Commenting on the results, Mr. Anuraag Bhatnagar, Whole-time Director and Chief Executive Officer, said, “Our Q2 FY27 performance is a testament to the enduring strength of The Leela brand and the structural tailwinds in India’s luxury hospitality market. Our operating revenue grew 33% driving a 36% rise in operating EBITDA, reflecting our robust business fundamentals and operational excellence across verticals. Our 30% RevPAR growth in Q2 was led by a record 30% increase in ADR, demonstrating our sustained pricing power and the strength of demand for differentiated luxury experiences. Importantly, the demand was broad-based across retail, corporate and leisure segments, supported by strong demand for our suites and our ability to command a premium during marquee events.” KEY HIGHLIGHTS: Q2 FY27 (YOY) Metrics presented above pertains to Owned Domestic Hotels, including Coorg ^Source: Revinate Q2 FY27 FINANCIAL AND OPERATIONAL PERFORMANCE The Company delivered another quarter of industry-leading financial performance, translating premium brand strength into superior revenue growth, margin expansion and profitability. 1 Page • Operating revenue grew 33% YoY to ₹4,119 million, while operating EBITDA increased 36% to ₹1,877 million and profit for the period rose 27% to ₹946 million. Operating EBITDA margin stood at 46% in Q2 FY27, up 118 bps YoY. • RevPAR increased 30% YoY to ₹17,225, led by a 30% rise in ADR to ₹25,046, on an expanded portfolio including Coorg. • Record ADR growth was supported by robust demand across key customer segments and sustained traction in the luxury hospitality market. Domestic segment witnessed a 30%+ revenue growth, and continued premiumization was reflected in a more than 700 basis points improvement in suite occupancy. Demand was further bolstered by marquee events such as the BRICS Summit in Delhi. This reiterates The Leela's track record of capturing high-value event demand, from the G20 in FY24 through India Energy Week, the AI Impact Summit, and upcoming events such as Aero India scheduled for Q4 FY27. • Performance remained broad-based across business segments: Room Revenue grew 39%, F&B Revenue grew 21%, and HMA Fees were up 76% reflecting strong ramp-up of managed properties and a growing brand footprint. Non-room revenue exceeded 50% of total revenue in H1 FY27, reflecting continued diversification beyond rooms. • Brand website contribution to room revenue reached 15.1% in H1 FY27, a 2.8x increase since H1 FY25, improving distribution economics and reducing reliance on third-party channels. GLOBAL BRAND RECOGNITION AND LEADERSHIP IN GUEST ADVOCACY The Leela’s operating performance is underpinned by strong guest advocacy and growing global recognition. • The Leela continued its Net Promoter Score (NPS) leadership with a score of 87 in H1FY27, significantly ahead of the luxury segment benchmark of 74 in the APAC region, reaffirming its focus on service excellence and guest-centricity. • Three Palaces Awarded Michelin Keys for Second Consecutive Years. The Leela Palace New Delhi and The Leela Palace Jaipur were awarded two Michelin keys and The Leela Palace Chennai was awarded one Michelin key. • ZLB23 was recognized among the 30 Best Bars in India. DISCIPLINED CAPITAL- EFFICIENT EXPANSION The Company continues to execute its capital-efficient growth strategy by expanding into India's highest- value luxury destinations while maintaining a balanced portfolio of owned and managed assets. • The Company's pipeline of 1,038 keys across 10 properties is progressing on schedule, spanning into Wildlife, Heritage, Hill Station, Desert and Spiritual. • The Leela Jaisalmer and The Leela Luxury Residences, Mumbai which marks the brand’s foray into a new business vertical are both in active pre-opening stage with plans to commence operations in FY27. BALANCE SHEET BUILT TO SUPPORT GROWTH • Net debt stood at ₹12,150 million as of September 30, 2026, with Net debt to LTM EBITDA improving to 1.4x, compared to 1.6x in March 2026 and 3.7x in March 2025, providing substantial headroom to fund future growth. 2 Page • The Company remains focused on optimizing its capital structure and financing costs while preserving ample liquidity to support its expansion pipeline and strategic initiatives. ESG AND CSR • The Company remains committed to its Net Zero ambition by 2050, backed by continued progress in renewable energy and environmental stewardship. • All Palace hotels and The Leela Coorg Forest Sanctuary are Green Building Platinum certified, and The Leela’s portfolio is the largest in South-East Asia to receive an EDGE (Excellence in Design for Greater Efficiencies) Advanced Rating. • The company’s CSR initiative Bal Mitra Gram project, implemented with Satyarthi Movement for Global Compassion, was recognized as a Winner in the Women & Child Development category at the SICA 2026 Awards. About The Leela Palaces, Hotels and Resorts The Leela Palaces, Hotels and Resorts is India’s largest institutionally owned and managed pure-play luxury hospitality brand. Backed by Brookfield, The Leela’s portfolio comprises 15 operating award- winning properties spanning owned, operated, and managed hotels and another 10 in the pipeline across leading leisure and business destinations. Recognized globally for architectural excellence and bespoke services, The Leela was ranked #2 globally among the best Hotel Brand in the World by the Travel + Leisure World's Best Awards 2026 and has been previously ranked as the World’s Best Hotel Brand by Travel + Leisure World’s Best Awards in 2020 and 2021, and among the global top three in 2023, 2024 [Showing first 8,000 characters — download PDF for full document]