BSECompany Update2d ago · 5 Nov 2026, 12:54 pm
Please find enclosed letter.
Juniper Hotels Ltd · 544129
✦ AI Summary▲ PositiveResults
Juniper Hotels Ltd has announced its Q2 FY2027 results, with a 12% YoY growth in RevPAR, sustained operating EBITDA margins of 40%, and a 173% YoY growth in PAT. The company has also announced the soft opening of The Westin Bengaluru and the acquisition of Novotel Imagicaa, a 287-key leisure hotel near Mumbai.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Juniper Hotels Ltd - 544129 - Investor Presentation For Q2 FY2026
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JHL/SJ/2026/80 November 05, 2026
National Stock Exchange of India Limited BSE Limited,
Exchange Plaza, Corporate Relationship Department
Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (East), Dalal Street, Fort,
Mumbai - 400 051 Mumbai - 400 001
Symbol: JUNIPER Scrip Code: 544129
Sub.: Investor Presentation – Investor Meet to be held today, i.e., November 05, 2026
Ref: Regulation 30 of SEBI (LODR) Regulations, 2015
Dear Sir/Madam,
With reference to our letter bearing reference no. JHL/SJ/2026/76 dated November 02, 2026, wherein the
Stock Exchanges were informed about the Investor Meet scheduled to be held today, i.e., November 05, 2026,
at 4:00 p.m., please find enclosed herewith the Investor Presentation in connection with the said Investor
Meet.
This intimation is also being made available on the website of the Company at www.juniperhotels.com
This is for your information, record, and appropriate dissemination.
Thanking You,
For Juniper Hotels Limited
Sandeep L. Joshi
Company Secretary and Compliance Officer
Encl: a\a
Juniper Hotels Limited (Formerly known Registered Office Address: off Western complianceofficer@juniperhotels.com
as Juniper Hotels Private Limited) Express Highway, Santacruz (East) 022-66761000/1012
CIN: L55101MH1985PLC152863 Mumbai, Maharashtra 400055, India www.juniperhotels.com
Investor Presentation | Q2FY27
Q2FY27 - Executive Summary
RevPAR Growth of 12% YoY, with Sustained Operating EBITDA Margins of 40%
ARR Total Income EBITDA1 PBT2 PAT3
₹ 11,514 ₹ 258 Cr. ₹ 91 Cr. ₹ 49 Cr. ₹ 37 Cr.
9% 10% 5% 108% 121%
YoY Growth
Key Quarterly Highlights:
Westin Bengaluru: Soft opening with 100+ operations staff on site; expands the luxury portfolio
beyond Grand Hyatt Mumbai and Andaz, strengthening the Marriott International partnership.
Novotel Imagicaa: Acquisition of a 287-key hotel near Mumbai—among the largest in the
leisure segment. Asset management handover underway, advancing the brownfield expansion
strategy.
Note: 1. EBITDA includes Other Income. 2. PBT after exceptional item. 3. Tax deduction is notional. 2
H1FY27 - Executive Summary
Sustained Operating EBITDA Margins of 40%, with PAT Growing 173% YoY
ARR Total Income EBITDA1 PBT2 PAT3
₹ 11,287 ₹ 510 Cr. ₹ 180 Cr. ₹ 94 Cr. ₹ 70 Cr.
7% 10% 4% 127% 173%
YoY Growth
Operating EBITDA
Aim to Double Room Inventory & EBITDA by FY31
INR crores
1,200
1,000 ~20%
CAGR “With the strategic growth roadmap, Juniper
aims to double its room inventory and EBITDA
by FY2030-31”
FY26 FY27 FY28 FY29 FY30 FY31
Note: 1. EBITDA includes Other Income. 2. PBT after exceptional item. 3. Tax deduction is notional. 3
The Westin Bengaluru: Soft Opening Marks the Next Phase of Growth
OPERATIONS READINESS
~100+ member operations
team deployed
PRE-OPENING ACTIVITIES
Trial runs underway
Walk-ins post Diwali
BOOKING MILESTONE
Online bookings from
15 December 2026
Novotel Imagicaa: Acquisition at an Attractive Cost per Key
TRANSACTION TIMELINE
Completion target by
December 2026
TRANSITION IN PROGRESS
Asset management
handover underway
Acquisition price with Cost per key
₹248 crore (86 lacs per key)
RevPAR Momentum Across the Portfolio
RevPAR growth of 12% Y-O-Y, driven by both ARR and occupancy
+4 ppt +8% CAGR
75% 11,514
71% 72% 10,599
9,879
Q2 FY25 Q2 FY26 Q2 FY27 Q2 FY25 Q2 FY26 Q2 FY27
Occupancy (%) ARR (INR)
Diversified Revenue Across Segments
Multiple Revenue Streams (Q2FY27)
Room Revenue:
• The portfolio achieved ~11% YoY growth in Q2FY27.
Other Hospitality,
Lease Rentals,
6%6% Driven by flagship assets:
• GHM: 22% (YoY)
• Andaz: 10% (YoY)
F&B and MICE Revenue1:
₹ 250 Cr. • F&B and MICE revenue grew 11% YoY to ₹78Cr.led by MICE.
• The Grand Showroom revenue doubled YoY to₹8 Cr.
Revenue from Rooms, 48%
• Guest experiences were enhanced through curated ready-to-serve menus,
F&B and MICE, Operations 48%
which received encouraging guest response.
Standard Annuity Asset2:
• Standard Annuity Assets: Stable Revenue Contribution of ~₹36 Crores.
• Overall Occupancy of commercial area : 86%
Serviced
• Serviced apartment revenue increased 16% YoY
Apartments,
Note: 1. F&B Revenue also includes F&B revenue from banquet and MICE 2. Standard Annuity Asset includes Serviced Apartments and Lease rental income. 7
Growth & Expansion Updates
Short To Medium Term Expansion
In advanced stage of discussion to acquire additional 2 Brownfield assets
Delivering on commitment
Growth
~600 3 Prime
Potential for Future Key
Potential Keys Strategic Asset Locations
Additions
Novotel Imagicaa acquisition pursuant to a binding MoU signed in October 2026 9
Novotel Imagicaa | Strategic Brownfield Expansion (1/2)
287-key leisure hotel near Mumbai
BINDING MOU SIGNED | OCT 2026
Khopoli, Maharashtra | Adjacent to Imagicaa theme park
~11-acre land parcel
Established property with hotel and ancillary facilities
Expansion potential
Banquet expansion and asset repositioning opportunities
IndicativeReturn Metric
~ 8.5-9.0x ^
EBITDA multiple
₹248 cr. ~₹86 lakh ~₹435 cr. ~1.5 hours
Proposed consideration Proposed acquisition Estimated replacement cost¹ Drive to Mumbai airport
cost per key
Note: Binding MoU signed on 5 October 2026; proposed acquisition subject to execution of definitive documents.
¹ Equivalent to ~₹1.25 cr.per key. ^ 1 yr. forward (FY28E)
Novotel Imagicaa | Operating Potential & Demand Drivers (2/2)
Unlocking revenue potential through Juniper’s hospitality expertise and banquet expansion
CORE DEMAND DRIVERS Diversified sources of hotel demand
THEME PARK DESTINATION MICE INDUSTRIAL
01 02 03 04
LEISURE WEDDINGS CATCHMENTS
Leisure visitation Events & banqueting Meetings & conferences Business travel demand
RENOVATION & REPOSITIONING Operational expertise • Banquet expansion • Revenue enhancement
FY30E OUTLOOK AFTER RENOVATION Indicative management estimates
ARR TREND OCCUPANCY REVENUE
40+% ↑ 70–75% ~2.5× ↑
Projected ARR Uplift Expected occupancy range Indicative revenue potential
Note: FY30E outlook is post-renovation; figures shown are management estimates.
The Westin Bengaluru (1/2)
A Glimpse of the Westin Experience
Actual Image Actual Image
Actual Image
Actual Image Actual Image
Current Status
Area
Keys (phase I)
Acquisition Consideration Walk-ins post Diwali,
238 6.5Acreswith32,345 Sq. Ft.
₹ 325 Cr1 Online booking in Dec’26
MICE space
Note: It excludes INR 25 crores towards stamp duty. 12
The Westin Bengaluru (2/2)
Phase I and II investment outlook
Investment and Cost Per Key
Metric Phase I Phase II Combined
Keys 238 275 513
Capex1 (₹ cr.) 450 400 850
Cost per key ₹1.89 cr. ₹1.45 cr. ₹1.65 cr.
Phase II cost per key is ~23% lower than Phase I, supporting improved blended capital efficiency
ROCE EBITDA MARGIN COMBINED COST PER KEY
~18% → ~20% 42%+ ₹1.65 cr.
Phase I Phase I + II Indicative margin 513 keys | ₹850 cr. total capex
Note: 1. Excluding taxes. 2. Numbers above are based on estimates.
ROCE: Existing Portfolio
Adjusted ROCE Highlights the Portfolio's Strong Return Potential
+9 percentage
8% 17%
points
Reported ROCE Adjusted ROCE
IND AS & fair value adjustments
INR crores Reported ROCE Adjusted ROCE
Why Adjusted ROCE is Higher?
EBIT¹ [X] 289 322¹
Total assets 4,292 4,292 1 Excludes fair value uplift of land
and IND AS-related adjustments
Less: Ind AS & fair value uplift of land adjustments² — (1,645)
Less: Total liabilities (1,424) (1,424)
2 Reflects the underlying operational
Tangible net worth [P] 2,868 1,224
returns of the existing portfolio
Debt [Q] 739 739
Capital employed [Y = P + Q] 3,607 1,962 Capital employed
₹3,607 cr. → ₹1,962 cr.
Post-adjustment basis
ROCE [X / Y] 8% 17%
Note: ¹ EBIT adjusted for exceptional items. ² Adjusted ROCE excludes land fair-value uplift and Ind AS-related items, includingright-of-use assets, goodwill and other adjustments. 04
A Clear Path to Doubling the Key Portfolio
3,941
3,008
1,895 287
FY26 Novotel Westin Brownfield Bangalore Commercial FY29 Kaziranga New Delhi Guwahati FY31
Imagicaa Bengaluru Acquisitions Phase 2 Tower
GHM1
Short-Term Growth Mid-Term Growth Long-Te
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