Sterling Holiday Resorts achieves record Q1 revenue

Sterling Holiday Resorts has announced its highest-ever Q1 revenue of Rs 126 crore for FY25, reflecting a year-on-year growth of nine per cent. The EBITDA margin remains at 34 per cent, consistent with industry standards, marking 16 consecutive profitable quarters.

The opening of two new resorts in Dehradun and Udaipur brought its total to over 50. This expansion, which includes eight new resorts since Q1 FY24, underscores Sterling's commitment to a strategic growth plan despite challenges such as a nationwide heat wave, postponed travel due to elections, and fewer wedding dates in Q1 FY25.

“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, in phases, we are also investing in building key talent to cater to this growth,” remarked CEO & MD Vikram Lalvani.

Additional highlights also include the F&B revenue increased by six per cent year-on-year and that Sterling remains debt-free with cash reserves exceeding Rs 200 crore. Recognition on TripAdvisor includes 19 resorts ranked No 1 in their locations and 42 resorts rated 4.5 and above.