Juniper Hotels Limited

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400 051 Symbol: JUNIPER BSE Limited, Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: 544129 Sub.: Result Analysis Dear Sir/ Madam,

₹ 227

or completeness 2 Key Highlights → Q1FY26 ❑ Key Highlights of Q1FY26 ➢ Achieved Total Income of ₹ 227 Cr (~11% YoY), despite Operation Sindoor in May 2025. ➢ Robust EBITDA growth: ₹86 Cr (approx. 27% Y

11%

ness 2 Key Highlights → Q1FY26 ❑ Key Highlights of Q1FY26 ➢ Achieved Total Income of ₹ 227 Cr (~11% YoY), despite Operation Sindoor in May 2025. ➢ Robust EBITDA growth: ₹86 Cr (approx. 27% YoY) ➢ S

₹86

otal Income of ₹ 227 Cr (~11% YoY), despite Operation Sindoor in May 2025. ➢ Robust EBITDA growth: ₹86 Cr (approx. 27% YoY) ➢ Strong recovery in EBITDA margin to 38% in Q1FY26 from 33% in Q1FY25 ➢ Prof

27%

227 Cr (~11% YoY), despite Operation Sindoor in May 2025. ➢ Robust EBITDA growth: ₹86 Cr (approx. 27% YoY) ➢ Strong recovery in EBITDA margin to 38% in Q1FY26 from 33% in Q1FY25 ➢ Profit Before Tax o

38%

May 2025. ➢ Robust EBITDA growth: ₹86 Cr (approx. 27% YoY) ➢ Strong recovery in EBITDA margin to 38% in Q1FY26 from 33% in Q1FY25 ➢ Profit Before Tax of ₹ 35 Cr (~167% YoY growth – excluding provisio

33%

t EBITDA growth: ₹86 Cr (approx. 27% YoY) ➢ Strong recovery in EBITDA margin to 38% in Q1FY26 from 33% in Q1FY25 ➢ Profit Before Tax of ₹ 35 Cr (~167% YoY growth – excluding provision for exceptional l

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oY) ➢ Strong recovery in EBITDA margin to 38% in Q1FY26 from 33% in Q1FY25 ➢ Profit Before Tax of ₹ 35 Cr (~167% YoY growth – excluding provision for exceptional loss of ₹ 17 Cr). ➢ Bengaluru Asset Phas

167%

ong recovery in EBITDA margin to 38% in Q1FY26 from 33% in Q1FY25 ➢ Profit Before Tax of ₹ 35 Cr (~167% YoY growth – excluding provision for exceptional loss of ₹ 17 Cr). ➢ Bengaluru Asset Phase I proje

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Y25 ➢ Profit Before Tax of ₹ 35 Cr (~167% YoY growth – excluding provision for exceptional loss of ₹ 17 Cr). ➢ Bengaluru Asset Phase I project underway as per timeline; operations to begin by fiscal year

9%

rovals received and construction to commence in September 2025. ❑ Drivers of Q1FY26 ➢ ARR grew by 9% YoY, despite all the headwinds in the quarter. ➢ Enhanced cost efficiency. ➢ Improving performan

6%

evenue → Segmental View Multiple Revenue Streams (Q1FY26) 1 Room Revenue: Other Hospitality, 6% Lease Rentals, 5% ₹ 220.7 Cr Revenue from Operations Rooms, 48% F&B and MICE, 31% Serviced

“As per the WTTC’s Economic Impact Research, 2024 domestic visitor spending is estimated to grow by 7.9% CAGR over the next 11 years from 2023 onwards till 2034, increasing the domestic visitor spend to approximately INR 33.95 trillion, more than double that of 2023 Provisional data for 2024 indicates that foreign tourist arrivals (FTAs) in India reached 9.66 million This represents a 1.4% increase from the 9.52 million FTAs recorded in 2023.”

“Supply in the hospitality sector in India is expected to grow at a CAGR of 8.5% over FY2024 to FY2028 while demand is expected to grow at a CAGR of 10.4% over the same period, Luxury-upper upscale share in supply to remain largely limited.”

“• For FY25, the average RevPAR for the branded hotel inventory is expected to grow by 8-10% in the range of Rs 5,300-5,400 supported by an Average Room Rate (ARR) of Rs 8,000-8,200 and an occupancy of 67-68%.”

“5.4% 5.7% 6.1% 6.7% 5.5% • As per CareEdge, a further 7-8% growth is projected for FY26, in the range of Rs 5,600-5,700, with ARR climbing to Rs 8,400 – 8,600 driven by sustained demand outpacing new supply.”

“Mumbai New Delhi Ahmedabad Bengaluru Chennai • Going forward, the occupancy levels are projected to stabilize between 66-68% from FY25 to FY27, while ARRs are expected to hover above Rs 8,000.”

“With demand growth continuing to outpace supply, RevPAR is expected to rise by 8-10% Y-o-Y in FY25 and 7-8% in FY26 Government Policy Support crore has been Rs 1,900 designated ‘Swadesh for Darshan’ scheme, signalling a focus on enhancing renewed domestic tourism infrastructure the Decision to grant infrastructure status to hotels is expected to unlock better financing opportunities for greenfield is developments.”

“ft MICE 6.5 Acres Area ₹ 325 Cr Acquisition Consideration Actual Image Actual Image Actual Image • Acquisition of a Big-Box brownfield hotel asset situated near Bengaluru airport • Future potential to add 250-280 more rooms • The asset is estimated to be operational by FY26 • Comparative market ARR ₹12,000 - ₹20,0001 Render Image Note – 1Management Estimate 14 Bengaluru Asset Phase I Project Underway… ❑ Guest rooms - 2nd and 3rd floor rooms 90% complete, target completion by 16th Aug 25.”

“❑ 4th and 5th floor rooms 60% complete, target completion by 15th Oct 25.”

Room Revenue

1

Standard Annuity Asset

1

Positive Influencers

1

Limiting Influencers

1

Company

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Investor Relations Advisors

1

Room Revenue

Other Hospitality, 6% Lease Rentals, 5% ₹ 220.7 Cr Revenue from Operations Rooms, 48% F&B and MICE, 31% Serviced Apartments, 11% Note: 1. F&B Revenue also includes F&B revenue from banquet and MICE • The portfolio achieved ~11% YoY growth in Q1FY26, despite geo- political situation in the Indian sub-continent. Driven by: ➢ GHM: 15% (YoY) ➢ Andaz: Stable revenue despite significant impact of geo-political events. 2 3 F&B and MICE Revenue: • F&B and MICE revenue grew by robust 12% YoY to ₹69 Cr led by Events • The Grand Showroom revenue in Q1FY26: ~₹4 Cr • Augmented offering and experience through various expat chefs food promotions and upgraded Buffets at various outlets.

Standard Annuity Asset

• Standard Annuity Assets revenue contribution: ~₹34 Cr • Lease revenue grew at 15% - signifying efficient utilization of Asset’s space • Leased space occupancy stands at 85%. • Serviced apartment revenue remained stable. 4 Key Performance Metrics Revenue - Segmental View ARR (₹) Luxury Upper Upscale & upscale Consolidated Occupancy (%) Luxury Upper Upscale & Upscale Consolidated REVPAR (₹) Luxury Upper Upscale & Upscale Consolidated Note: Above KPIs exclude Bengaluru asset Q1FY26 Q4FY25 Q-o-Q Q1FY25 Y-o-Y 13,088 7,470 10,568 69% 73% 71% 9,028 5,428 7,459 15,486 8,499 12,470 81% 80% 81% 12,584 6,797 10,063 -15% -12% -15% -12 pp -7 pp -10 pp -28% -20% -26% 11,686 7,052 9,667 71% 71% 71% 8,254 4,986 6,832 12% 6% 9% -2 pp 2 pp 0 pp 9% 9% 9% 5 Financial Performance 6 Consolidated Statement of Profit & Loss All figures in INR Crores Revenue from Operations Other Income 1 Total Income Expenses 2 EBITDA EBITDA (% of Total income) Adjusted EBITDA 3 Adjusted EBITDA (% of Revenue from operations

Positive Influencers

➢ ARR continue to grow (Healthy 9% growth YoY) ➢ Decrease in HLP cost due to increased share of green power and a drop in per-unit rates ➢ Stable Admin and General expenses due to lower insurance cost and legal & professional fees 33% 86.4

Limiting Influencers

38% ➢ Impact of geo-political situation in May ➢ Increase in Employee benefit expenses due to annual increments ➢ The increase in consumable expenses was driven by higher costs for guest supplies, linen purchases, and revised service contracts. Q1FY25 Q1FY26 % of Total revenues Note – 1. All figures have been rounded off; 2. EBITDA is computed as Total Income less ‘Food and beverages consumed’, ‘Employee benefits expense’ and ‘Other expenses’ 9 Industry trends 10 Industry Experiencing Tailwinds The Indian hospitality sector is experiencing an upward cycle, driven by favourable demographics, strong domestic demand surpassing supply growth, rising investments, policy support and continuous improvements in infrastructure and connectivity Tourism on the rise Supply Dynamics Favourable to Luxury and Upper Upscale Players India’s upper-middle-income and high-income (income over USD 8,500/year) population, which was 24% in 2018, is set to reach 56% of total households in 2030E, which bodes we

Company

www.juniperhotels.com Juniper Hotels Limited www.juniperhotels.com Designated official for assisting and handling investor relations: institutionalir@juniperhotels.com retailir@juniperhotels.com

Investor Relations Advisors

MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Ms. Payal Dave payal.dave@in.mpms.mufg.com Mr. Irfan Raeen / Mr. Devansh Dedhia irfan.raeen@in.mpms.mufg.com devansh.dedhia@in.mpms.mufg.com 22