Sterling Posts Record Q1 Results, Eyes Bigger Growth in FY26

Sterling Posts Record Q1 Results, Eyes Bigger Growth in FY26

By Manu Vardhan Kannan

Published on August 8, 2025

Sterling Holiday Resorts Ltd. has kicked off FY26 with a record-breaking first quarter, reporting its highest-ever Q1 performance. The hospitality company posted ₹1,392 million in revenue, marking an 8% year-on-year growth, while EBITDA surged by 25% to ₹514 million. With Profit Before Tax rising 27% to ₹371 million, the company continues to operate debt-free, holding cash reserves of ₹2,963 million.

Sterling’s performance reflects strong demand for experiential holidays, as well as disciplined cost management. Despite expanding room inventory by 21% year-on-year, the company maintained pricing strength with Average Room Rates (ARR) steady at ₹7,089. Room revenue rose by 11%, while Food & Beverage revenue saw a 16% increase, a sign of balanced and healthy growth.

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Vikram Lalvani, Managing Director and CEO of Sterling Holiday Resorts Ltd., said, “This quarter marks the start of a pivotal shift for Sterling, from a phase of transformation to one of high-performance execution. With a strong foundation in people, brand, and technology, we are now poised to scale with purpose, delivering exceptional holidays while creating lasting value.”

The company expanded its footprint by adding two new resorts: Sterling Kastoori in Rudraprayag and Sterling Vanavasa in Lansdowne, bringing the total to 54 destinations nationwide. Sterling has built a dominant presence in states like Rajasthan, Uttarakhand, Tamil Nadu, and Kerala, with strong offerings across wildlife destinations and the Himalayas.

Guest experience remains a key strength, with 30 resorts receiving Trip Advisor Travelers’ Choice Awards. Notably, Sterling Kanha earned the “Best of the Best” award for the third consecutive year, reinforcing Sterling’s commitment to outstanding service.

Sustainability is also central to Sterling’s growth strategy. Through its Sterling Sankalp initiative, the company expanded solar and heat pump installations and replaced plastic bottled water with in-house bottling across multiple resorts. Additionally, in partnership with the Fairfax India Charitable Foundation, Sterling facilitated the installation of dialysis machines in seven hospitals, extending its impact beyond hospitality.

Looking ahead, Sterling is set to accelerate its growth in FY26 with a pipeline of over 20 new resorts. Supported by strong travel trends and investments in technology, people, and brand, the company is transitioning into a new era of responsible scaling and guest delight across India.


Manotsava 2025: India’s National Mental Health Festival Returns to Bengaluru

Manotsava 2025: India’s National Mental Health Festival Returns to Bengaluru

By Hariharan U

Published on October 31, 2025

The much-awaited second edition of Manotsava – India’s National Mental Health Festival is returning to Bengaluru this November at The Lalit Ashok. Organised by the National Institute of Mental Health and Neurosciences (NIMHANS) and the National Centre for Biological Sciences (NCBS) in collaboration with Rohini Nilekani Philanthropies (RNP), the festival promises two days of meaningful conversations, interactive sessions, and creative engagement around the theme of mental well-being.

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This free and open-to-all event brings together experts, researchers, and the general public to explore how mental health connects to our everyday lives. From genetic research, psychedelics, and gut microbiome science to more relatable themes such as workplace burnout, parenting, aging, maternal health, and technology’s influence on mental well-being, the festival will touch on it all.

Visitors can look forward to an array of experiences, including panel discussions, keynote talks, workshops, stalls and exhibits, discussion circles, and live music performances. For families, there’s even a dedicated children’s zone, ensuring an inclusive and engaging atmosphere for all ages.

Manotsava isn’t just an event, it’s a movement to bring mental health into public spaces, making conversations about the mind as normal and open as any other aspect of life.


IHCL Signs New Taj Hotel in Pondicherry

IHCL Signs New Taj Hotel in Pondicherry

By Manu Vardhan Kannan

Published on October 31, 2025

The Indian Hotels Company (IHCL), India’s largest hospitality group, has announced the signing of a new Taj hotel in Pondicherry, further expanding its luxury footprint in South India. The upcoming property will be a greenfield project, developed in partnership with Mr. M.K. Rajagopalan of MGM Healthcare.

Spread across 52 acres, the 180-key Taj Pondicherry will offer panoramic views of the Bay of Bengal. Located on the outskirts of White Town, the hotel will feature an all-day dining restaurant, two specialty restaurants, a bar, and a lounge, bringing together refined gastronomy and timeless elegance.

Guests can unwind with Taj’s signature J Wellness Circle, which offers holistic spa therapies and wellness treatments. The property will also include a gym, swimming pool, and multiple recreational amenities for a complete leisure experience.

Designed to host grand social gatherings, the hotel will feature the largest indoor banquet hall in the region, spanning 10,700 sq. ft., along with exclusive beachfront lawns ideal for weddings and outdoor events.

Commenting on the announcement, Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said,

“Pondicherry has witnessed a steady rise in domestic travel and a rebound in foreign arrivals, reinforcing its position as a key leisure destination. The addition of Taj Pondicherry will cater to the growing demand for large-scale social events in the region. We are delighted to partner with Mr. M.K. Rajagopalan for this project.”

Expressing enthusiasm for the collaboration, Mr. M.K. Rajagopalan, MGM Healthcare, added,

“We are happy to venture into the hospitality sector with IHCL. This hotel will be a landmark destination in the region.”

Known for its French colonial charm, serene beaches, and spiritual ambience, Pondicherry continues to attract travellers from across the world. Popular attractions such as Auroville, Sri Aurobindo Ashram, Pondicherry Museum, Oussudu Bird Sanctuary, and the Puducherry Canyon add to its appeal as a cultural and wellness retreat.

About the Owning Company:

MGM Healthcare is a diversified entrepreneurial venture by Mr. M.K. Rajagopalan, operating three hospitals in Chennai, one in Vizag, and two upcoming projects in Chennai. He also serves as the Chancellor of a renowned university that runs medical colleges in both Puducherry and Chennai.

With this signing, IHCL continues to strengthen its presence across India’s most sought-after leisure destinations, combining luxury, heritage, and hospitality excellence under the Taj brand.


Lemon Tree Hotels Expands Presence in Gujarat with New Property in Morbi

Lemon Tree Hotels Expands Presence in Gujarat with New Property in Morbi

By Manu Vardhan Kannan

Published on October 31, 2025

Lemon Tree Hotels Limited has announced the launch of its latest managed property, Lemon Tree Hotel, Morbi, further strengthening its presence in Gujarat, one of India’s most vibrant industrial and business destinations.

Strategically located in the ceramic capital of India, the new hotel caters to both business and leisure travellers. Its prime location offers excellent connectivity to nearby industrial and commercial hubs such as Rajkot and Jamnagar, making it an ideal choice for corporate guests, traders, and tourists visiting the region.

The hotel features 69 well-appointed rooms and suites, thoughtfully designed for comfort and functionality. Guests can savour diverse flavours at Citrus Café, the hotel’s multi-cuisine restaurant serving Indian, European, and Pan-Asian delicacies.

For events and gatherings, the hotel offers extensive banqueting spaces including Tangerine Grand and Tangerine Lawn, which can accommodate up to 400 guests, perfect for business meetings, conferences, and social celebrations.

Additional amenities include a spa, fitness centre, and swimming pool, allowing guests to unwind and rejuvenate after a busy day.

The property also provides convenient access to some of Morbi’s popular attractions, such as Mani Mandir, Green Tower, Wellingdon Secretariat, and Nehru Gate, adding a touch of local charm to every stay.

Commenting on the launch, Vishvapreet Singh Cheema, President of Lemon Tree Hotels, said,

“Morbi is one of Gujarat’s fastest-developing cities, known globally for its ceramic industry and entrepreneurial spirit. With the launch of Lemon Tree Hotel, Morbi, we are delighted to announce the 10th operational property in Gujarat to bring our signature comfort, warmth, and value to both business and leisure travellers visiting this vibrant city.”

With this opening, Lemon Tree Hotels continues to expand its footprint across India, offering exceptional hospitality experiences rooted in comfort, quality, and value.

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