Transcript of the Earnings Conference Call for the First Quarter ended June 30, 2026 held on August 14, 2026.

Date: August 20, 2026 To, To, The Manager, The Manager, Department of Corporate Services, Department of Corporate Services, Bombay Stock Exchange Limited National Stock Exchange of India Limited, Floor 25, P. J. Towers, Exchange Plaza, Plot no. C/1, G Block Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 532699 NSE Scrip Symbol: ROHLTD Dear Sir/Madam, Re: Transcript of the Earnings Conference Call for the First Quarter ended June 30, 2026 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed the transcript of the Earnings Conference Call for the First Quarter ended June 30, 2026 held on August 14, 2026. The above information is also available on the website of the Company www.royalorchidhotels.com This is for your kind information and records. Thanking You. Yours Faithfully, For Royal Orchid Hotels Limited Padmini V Krupanidhi Amit Jaiswal Company Secretary & Compliance Officer Chief Financial Officer M. No. A52709 Encl. as above Royal Orchid Hotels Ltd. Q1 FY27 POST EARNINGS CONFERENCE CALL August 14, 2026 5:00 PM IST Management Team Mr. Chander K. Baljee - Chairman and Managing Director Mr. Arjun Baljee - President Mr. Keshav Baljee – Whole Time Director Mr. Amit Jaiswal - Chief Financial Officer Call Coordinator Strategy & Investor Relations Consulting Royal Orchid Hotels Ltd. Q1 FY27 Post Earnings Conference Call August 14, 2026 5:00 PM IST Presentation Moderator: Ladies and gentlemen, on behalf of Kaptify Consulting Investor Relations team, I welcome you all to the Q1 FY27 Post Conference Call of Royal Orchid Hotels Limited. Today on the call from the management, we have with us Mr. Chander Baljee, Chairman and Managing Director, Mr. Arjun Baljee, President, Mr. Keshav Baljee, Whole Time Director; and Mr. Amit Jaiswal, Chief Financial Officer. As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements which may involve risk and uncertainties. Also this is a reminder that this call is being recorded. I would now request the management to detail us about the business performance highlights for the period ended June 2026, the growth perspective and the vision for the coming year, post which we will open the floor for Q&A. Over to the management team. Chander K. Baljee: Good evening, ladies and gentlemen. On behalf of the board and the entire leadership team at Royal Orchid Hotels Limited, I extend a warm welcome to all of you to this investor presentation on the financial results of the first quarter ended 30 June, 2026. We appreciate your continued interest and support and we share the performance highlights and progress that we are making on our growth agenda. Key performance snapshot, Q1 delivered strong top line momentum. Consolidated revenue rose 36% year-on-year to about INR 107 crores from INR 79 crores in the corresponding quarter last year. Total revenue stood higher at INR 115 crores. This growth is attributable to our new hotel, ICONIQA which had become operational last financial year. EBITDA grew faster than revenue, rising 39% year-on-year to approximately INR modestly to approximately 33 cr which is Ebitda margin expanding modestly to approximately 30.7% from 30%. However, the net profit declined to around INR 6.4 crore versus INR 10.9 crores last year. The diversion between robust operating performance and lower reported PAT reflects higher financial costs, depreciation including IndAS impacts and ongoing ramp-up of newer properties, particularly our larger-leased assets. We view the underlying operating trends as healthy and consistent with our expansion phase. Strategic progress, we continue to grow our high -- asset light growth model. The portfolio has expanded further with Page 2 of 16 Royal Orchid Hotels Ltd. Q1 FY27 Post Earnings Conference Call August 14, 2026 5:00 PM IST additional hotels and keys added during the quarter. We added five hotels with 237 keys during this quarter. We have 50-plus hotels signed which we will be opening in the next 18 to 24 months. We are working hard and remain focused on Vision 2030 targets of scaling to a significantly larger network of hotels and keys across India and select neighbouring markets, driven primarily by management contracts, franchising and selective revenue share arrangements. Occupancy and average room rates in our key operating hotel and managed properties have held up, supported by domestic leisure and corporate demand. New openings and pipeline conversion are progressing as planned. Looking ahead, we remain confident in the medium term outlook. India's hospitality sector continues to benefit from rising domestic travel, improving infrastructure and growing demand in both leisure and business segments. Our emphasis on operational excellence, brands stretching across the agenda and related portfolio. We are also looking at disciplined capital allocation position as well to convert the current growth investments into stronger profitability and better ROCE in the coming quarters. The detailed financial statement, segment-wise performance and operational metrics are available on the investor presentation and results filing. Hope you all had a chance to go through the same in detail. We are happy to take your questions now. Thank you once again for joining us today. We look forward to a constructive discussion. Question-and-Answer Moderator: Thank you. [Operator Instructions] We will take the first question from Anubhav Jain. Anubhav, you can go ahead. Anubhav Jain: Yeah. Hello, sir. Am I audible? Arjun Baljee: Yes, Anubhav. Please go ahead. Yes. Anubhav Jain: Thank you for the opportunity, sir. So my question is that premiumization of ROHL with ICONIQA, what's the plan and how will that over the time improve the yield? Arjun Baljee: Let me take that question. So if you look at what we've tried to do with ICONIQA as a separate brand in the premium upper upscale segment, the intention was very clear that how do you create a family of brands starting from the value priced at Z by Regenta going all the way up, as with every other hotel company. What we propose to do going forward Page 3 of 16 Royal Orchid Hotels Ltd. Q1 FY27 Post Earnings Conference Call August 14, 2026 5:00 PM IST is we're signing hotels in the upper upscale category by using ICONIQA as the growth driver there. We also have the opportunity of premiumization where within our own Royal Orchid hotels, if you look at it, we've got about a thousand keys in the five star category between owned, leased and joint ventured. Those two are, as you know, are being upgraded and have been upgraded to yield better ADRs in the time to come. Anubhav Jain: Okay. Thank you, sir. I'll get back in the queue. Moderator: Thank you. We'll take the next question from Surbhi Mishra. Surbhi, you can go ahead. Surbhi Mishra: Hello. Am I audible? Arjun Baljee: Yes, Surbhi. Surbhi Mishra: I wanted to know, your consolidated revenue grew 38.5% and EBITDA approximately 39.1% in Q1. How much of this growth came from the 237 new key added during the quarter and what was it like for revenue and EBITDA growth of existing profile? Amit Jaiswal: I'll take this question, Surbhi. See, in the quarter, we have opened 237 rooms, five hotels, and they all are in managed and franchisee model. So the number to that would be very, very negligible. Okay. So because we only get the management fees or the franchisee fees from these hotels, the major number comes from our JLO hotels, that is, owned, leased and joint venture hotels. So the number from these five hotels is very, very negligible. Surbhi Mishra: Okay. And can you tell me, what is the revenue par growth occupancy and ARR moment for Q1? Amit Jaiswal: See, as far as the occupancies are concerned, we are at 70% in our JLO hotels and at 60% odd, 60.8% at our -- all the managed and franchisee portfolio. And as far as the ADR is concerned, las [Showing first 8,000 characters — download PDF for full document]