Kamat Hotels Posts ₹110 Crore Quarter, Names New CFO As It Eyes Bigger Skies

The Mumbai-headquartered hospitality company (NSE: KAMATHOTEL) disclosed its Q4 FY26 results today, May 12, 2026, alongside the CFO appointment announcement. The incoming appointment follows the resignation of CFO Mrs. Smita Bimal Nanda, who stepped down effective May 15, 2026, to pursue new professional opportunities. The seamless transition, with a defined start date of August 1, reflects deliberate succession planning rather than an unplanned departure.

Reading The Quarter In Context

Consolidated revenue from operations of ₹110 crore for Q4 FY26 positions the quarter within a year of strong revenue momentum. In Q3 FY26, Kamat Hotels had reported revenue of ₹117.74 crore, a 48.6% year-on-year surge, though net profit had fallen 39.4% to ₹17.30 crore due to exceptional items related to new Labour Codes implementation. The Q4 net profit of ₹16.39 crore, while modest, represents a stabilising profitability picture after that disrupted prior quarter.

The Orchid And What Powers The Brand

Kamat Hotels is the flagship company of Kamat Group and operates its globally recognised brand The Orchid, Asia's first 5-star environment-sensitive hotel chain, positioned in the mid to up-market category. The Orchid brand contributes alongside premium properties like Fort JadhavGADH and Mahodadhi Palace, and mid-premium brands including Lotus Resorts and IRA by Orchid Hotels. The company's 65% repeat customer base underscores strong brand loyalty.

An Expansion Pipeline That Keeps Growing

New hotel openings including Orchid Rishikesh and upcoming properties in Dehradun, Gwalior, and Bhavnagar are expected to add approximately 280 to 290 rooms, strengthening the company's portfolio under a semi-asset-light approach. The Orchid Hotels account for 61% of revenues, followed by IRA by Orchid Hotels at 28%, with the remaining 11% from other hotels.

Why The CFO Appointment Matters

Milind Wadekar steps into a role that carries considerable weight. Kamat Hotels had set a ₹400 crore revenue target for FY26, and the incoming CFO will be responsible for stewarding a business navigating simultaneous expansion across multiple states, margin management pressures from new property costs, and an ongoing transition away from leased assets. The company's investment in eco-friendly operations and sustainability continues to differentiate The Orchid in a competitive market, and the finance function will be critical to sustaining that positioning profitably.

Key Highlights

• Q4 FY26 consolidated revenue from operations at ₹110 crore
• Q4 FY26 consolidated net profit at ₹16.39 crore
• Milind Wadekar appointed as Chief Financial Officer effective August 1, 2026
• CFO transition follows resignation of Mrs. Smita Bimal Nanda effective May 15, 2026
• Q3 FY26 had seen revenue surge 48.6% year-on-year to ₹117.74 crore despite profit pressure
• Company operates under five brands including The Orchid, Fort JadhavGADH, Mahodadhi Palace, Lotus Resorts, and IRA by Orchid Hotels
• 280 to 290 new rooms expected across Dehradun, Gwalior, and Bhavnagar properties under development
• IRA by Orchid Mumbai property was closed from April 1, 2026 following lease expiry
• 65% of sales come from repeat customers, reflecting strong brand loyalty across the portfolio
• Earnings conference call with management scheduled for May 13, 2026 at 12 noon IST

Sources: NSE/BSE Exchange Filing, ScanX, MarketsMojo, Multibagg.ai, Screener.in, Stockgro, Entrepreneur India