Whalesbook
Royal Orchid Hotels Ltd reported a weak Q2FY26, primarily due to pre-opening expenses and higher depreciation/interest for its new Iconiqa, Mumbai property. Despite a 43% YoY net profit decline, revenues grew 12%. The company plans aggressive expansion, aiming to triple room inventory by 2030, and benefits from an industry up-cycle sustaining pricing growth. Analysts maintain an 'Add' rating, citing attractive valuations and strong future growth prospects from new properties.