The Peerless Group reached a revenue of ₹1,013 crore in FY26, nearly doubling its income since FY22. Growth was led by expansion in healthcare and real estate, but the company expects a period of slower profit growth in FY27 due to higher borrowing costs and depreciation from recent projects.
The Peerless Group has announced that it surpassed the ₹1,000 crore revenue milestone in the 2026 fiscal year. This performance highlights a steady period of growth for the diversified conglomerate, with total revenue reaching ₹1,013 crore compared to ₹530 crore in FY22. Operating profit for the latest financial year was reported at ₹250 crore.
Healthcare Expansion Drives Performance
The group’s healthcare division has become its primary growth driver. The recent launch of a new cancer care unit and the expansion of its hospital facility in Barasat have pushed the group’s total capacity to 1,016 beds. This is a notable increase from the approximately 400 beds available just a few years ago. With facilities now operating in Calcutta, Guwahati, and Barasat, the hospital business alone is expected to contribute ₹500 crore in revenue during the upcoming 2027 fiscal year.
Real Estate and Hospitality Gains
Alongside healthcare, the group’s real estate and hospitality segments have shown steady progress. Its mixed-use project in New Town has reached a milestone with 41 out of 71 residential units sold. Meanwhile, the hospitality business has seen its revenue more than double over the last four years, rising from ₹39 crore in FY22 to ₹89 crore in FY26.
Capital Spending and Future Outlook
Managing Director Jayanta Roy stated that the group has already deployed ₹900 crore toward various projects and plans to invest an additional ₹400 crore soon. While this capital spending is intended to fuel long-term expansion, it also brings financial challenges. The group expects to face pressure on its bottom line in FY27 as interest and depreciation expenses rise. These costs are projected to reach ₹102 crore in FY27, up from ₹55 crore in FY25.
This rise in financing and depreciation costs reflects the impact of the group’s heavy reliance on borrowings to fund its recent infrastructure projects. For investors, the key monitorable in the coming quarters will be how well the group manages these rising interest obligations while maintaining its operating profit margins. The balance between aggressive expansion and the cost of debt will determine the company’s financial flexibility in the near term.