Sterling records INR 5 bn annual revenue
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13% YoY growth in total revenue in FY25 recorded with the current operational span of 61 resorts and 3,254 rooms.
Sterling Holiday Resorts recorded a total revenue from operations of INR 5,202 Mn for FY25, marking 13% YoY growth. Sterling reported to record an EBITDA margin of 34% in FY25 and remained completely debt-free.
FY25 reported to see Sterling cross 3,200 keys and expand to 61 resorts, in 53 destinations across the country, with the launch of new resorts in Q4 at Jaisalmer (in Rajasthan), Tipeshwar (Maharashtra) and Amritsar (Punjab). Sterling’s footprint now extends across 17 Indian states, with regional clusters of 9 resorts each in Kerala and Tamil Nadu, 8 resorts each in Rajasthan and Maharashtra, and 7 in Uttarakhand.
The portfolio said to span multiple leisure themes, with 13 resorts in wildlife destinations, 13 in the Himalayas, and 11 in spiritual circuits. The company is said to be focusing on expanding its presence with hotels in the business + leisure (bleisure) segment like its hotels in Madurai, Karwar, Bokaro, Dehradun etc.
“Crossing INR 5 billion in revenue is a landmark moment for us. We have also crossed INR 1 billion in food & beverage (F&B) revenue. We have re-oriented our F&B offerings, set up specialty restaurants in several of our resorts and increased our focus on the banquet business – and we will continue to leverage this source of revenue. We remain focused on delivering high-quality, differentiated experiences as we expand across India through our asset-right strategy,” said Vikram Lalvani, MD & CEO, Sterling Holiday Resorts.