Indian Real Estate & Hospitality: Q3 FY26 Leadership Voices

Recent Q3 FY26 results from India’s construction and hospitality sectors underscore a mixed but insightful performance across industries.

While infrastructure stocks faced contraction and execution challenges, players in building materials and hospitality delivered robust growth, reflecting resilience amid economic headwinds and rising travel demand.

These quarterly updates provide valuable commentary from leadership on operational execution, portfolio expansion, and forward-looking strategies. Below is a curated selection of direct quotes from CEOs and leaders of key companies highlighting their perspectives on the quarter’s performance and future trajectory.

Satyen Patel, Managing Director, Sahyadri Industries Ltd.: “We are pleased to report an impressive operational and financial performance for Q3 and 9MFY26. Revenue grew by 10.8% YoY in Q3, supported by sustained sales momentum. EBITDA increased by 60.1% during the quarter, with margins improving, driven by higher volumes and stable cost structures. PAT rose sharply and capacity utilization improved significantly. Demand for our products is showing signs of recovery. Our growth outlook for the remainder of FY26 remains positive.”

Chander K. Baljee, Chairman & Managing Director, Royal Orchid Hotels Ltd.: “We are pleased to report balanced portfolio growth across regions, supported by steady revenue expansion and disciplined cost management. Our strategic additions in high demand markets and the launch of marquee properties underscore our commitment to sustainable long-term value creation. With a strong pipeline of over 1800 keys and new brand categories in development, we remain well positioned to capitalize on India’s growing travel and hospitality demand while delivering consistent value to our shareholders.”

Varun Kapur, Managing Director & CEO, Travel Food Services Limited: “We maintain our trajectory of delivering strong performance, with system-wide sales growth of 28.1% YoY and adjusted consolidated PAT increase of 35.3% YoY in Q3FY26. Improving passenger traffic trends, disciplined execution, and higher contribution from new sites have been key growth drivers for the business. Our continued emphasis on leveraging technology as a catalyst for business growth – exemplified by our EATS platform enabling direct bank-to-lounge access – marks an important step in our evolution into a tech-enabled, scalable travel hospitality company.”

Shwetank Singh, Managing Director & CEO, Chalet Hotels Limited: “Q3 was a very good quarter for us, and the outlook for the sector looks very positive going ahead. Better airport connectivity and road infrastructure have led Indians to take multiple holidays instead of one yearly holiday. Travel is not being seen as discretionary spending and is becoming a way of life for many. We have been in an expansion mode, and these announcements will put us on a very robust growth path.”

Chairperson Pirojsha Godrej, Godrej Properties: “Godrej Properties remains confident about the housing market and plans to acquire several land parcels with a total revenue potential of around Rs 30,000 crore this fiscal, driven by robust business development and a strong pipeline.”

Also Read: Brigade Group Posts Rs 1,623 Cr Revenue, Rs 206 Cr PAT in Q3 FY26

Sunil Suresh, Managing Director, Stanley Lifestyles Ltd, said, “We are pleased to report resilient gross profit growth of 6.2% in 9M FY26, reflecting the underlying strength of our brand and operating model. While the bottom line has been impacted during the period, this is largely attributable to our strategic investments in strengthening the leadership team and expanding our retail footprint, which have resulted in higher near-term costs. Encouragingly, we are witnessing improving handovers and maintain a healthy order pipeline, which gives us confidence in delivering stronger performance in the coming quarters.

We are also proud to share that both our manufacturing facilities have been certified by the Bureau of Indian Standards (BIS). This is an important milestone that positions us well to benefit from evolving industry regulations. With the Furniture Quality Control Order (QCO) expected to be implemented by the end of this financial year, we believe our preparedness and compliance will create meaningful competitive advantages.

As global consumer preferences continue to shift towards premium, experiential luxury, our unwavering focus on craftsmanship, design excellence, and exclusivity reinforces our positioning for sustained relevance and long-term growth. Going forward, we remain focused on deepening our COCO network and curating timeless collections that resonate with evolving luxury sensibilities, while building a foundation for scalable and profitable growth”

Irfan Razack, Chairman & Managing Director, Prestige Estates: “The record-breaking performance delivered in the first nine months of FY26 is a strong validation of the demand environment for our portfolio and the strength of our execution platform. Achieving our highest-ever sales and collections, surpassing previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of our market positioning.”

Priyansh Kapoor, CEO & Whole Time Director: “I am pleased to share that we have carried the momentum from the first half of the year into Q3. We have reported our highest ever 9M bookings and collections this year. Quarterly bookings grew strongly YoY led by robust sustenance sales across Ahmedabad and Bengaluru projects. The strong sustenance sales performance validates the faith our customers are putting in the ‘Arvind experience’.”

Boman Irani, Chairman & Managing Director, Keystone Realty: “We are delighted with the company’s strong performance in Q3 FY26, which reflects both the commitment of our teams and the continued trust of our customers. Building on the momentum from FY25, our pre-sales reached INR 837 crore in Q3 FY26. We continue to see strong demand across our portfolio, fueled by the strength of our brand, thoughtful design, and execution.”

Also Read: Royal Orchid Hotels Q3 FY26 Profit Rises, Revenue Grows

Aditya Virwani, Managing Director, Embassy Developments: “Q3 reflects the transition of Embassy Developments into a scaled, execution-led platform. Strong pre-sales momentum, key RERA approvals, and healthy cash flows give us confidence in delivering our FY26 guidance while continuing to strengthen our presence across Mumbai and Bengaluru.”