First-quarter earnings were underpinned by a 30% jump in Gross Booking Value alongside double-digit growth in both hotel and vacation home divisions. Strategic investments in international branding and global distribution, such as the acquisition of G6 Hospitality, provided substantial additions to total transaction value. The company continues to drive margin gains through an India-anchored centralized tech stack powering properties worldwide. Furthermore, adjusted EBITDA net of lease expenses climbed 35% year-on-year to reach Rs 589 crore.
Key points
The acquisition of G6 Hospitality significantly expanded the firm's North American presen…: The acquisition of G6 Hospitality significantly expanded the firm's North American presence by contributing roughly Rs 14,000 crore in Gross Booking Value for financial year 2025-26.
Operational infrastructure remains anchored by a centralized technology platform in India…: Operational infrastructure remains anchored by a centralized technology platform in India that manages pricing, reservations, and property workflows.
Western hotel operations are increasingly utilizing Grace AI, an artificial intelligence…: Western hotel operations are increasingly utilizing Grace AI, an artificial intelligence general manager deployed to automate repetitive tasks.
Sources checked by our analysis pipeline: 1
PRISM's Gross Booking Value (GBV), or bookings, increased 30% to approximately Rs 9,600 crore from Rs 7,408 crore in the first quarter of financial year 2025-26. The company's EBITDA grew 24% to Rs 760 crore from Rs 611 crore.
Addressing shareholders at the company’s Extraordinary General Meeting (EGM) in early October, founder Ritesh Agarwal had said that performance across hotels and vacation homes had demonstrated improving gross margins and higher operating earnings, even as the company invested in expanding its brands and strengthening customer demand.
He had also highlighted that adjusted EBITDA, net of lease expenses, had increased 35% YoY to Rs 589 crore.
Growth was broad-based across its hotels and vacation homes businesses. PRISM’s hotel segment bookings grew 30% YoY, while the vacation homes business recorded 28% growth in bookings.
Agarwal attributed the company’s performance to investments made over the past few years in technology, brands, distribution capabilities and its global operating model. “We are continuing to grow our business while generating healthy operating earnings. We are seeing the benefits of the investments we have made over the past…
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