Sterling Holiday Resorts, a leading leisure hospitality brand in India, has reported its highest ever Q1 revenue of INR 126 crore for the fiscal year 2025. The company maintained a robust EBITDA margin of 34 per cent, aligning with industry benchmarks, and continued its streak of profitability for the 16th consecutive quarter.
Sterling’s revenue grew by 9 per cent year-on-year, despite facing challenges such as the nationwide heatwave, postponed travel plans due to elections, and fewer wedding dates in Q1 FY25. The company’s guest ratio also increased from 66 per cent to 69 per cent compared to the same period last year.
The hospitality chain has expanded its portfolio significantly, crossing the milestone of 50 resorts with the addition of two new properties in Dehradun and Udaipur during the quarter. Since Q1 FY24, Sterling has opened nine new resorts, reinforcing its commitment to strategic growth.
Food and Beverage (F&B) revenues saw a year-on-year increase of 6 per cent, contributing to the overall revenue growth. The company remains debt-free with healthy cash reserves exceeding INR 200 crore.
Vikram Lalvani, CEO & MD, Sterling Holiday Resorts, commented on the results, saying, “Despite numerous headwinds in the first quarter, Sterling delivered its highest ever Q1 revenues and a healthy EBITDA margin, while also ramping up capacity with new resorts. With long-term demand trends continuing to be strong, Sterling is poised for sustained growth through asset-right, balanced portfolio growth across regions. Based on our expansion plans of 20 additional resorts and 1,000 keys in the next 12 to 18 months, we are also investing in building key talent to cater to this growth.”
