Lemon Tree Hotels reported record Q2 revenue, strong profit growth, and rising occupancy, supported by renovations, higher ARR, and improved credit ratings.

• Net profit grew 20% YoY to Rs 41.9 crore, revenue rose 8% YoY, and EBITDA margin dipped due to renovation costs.
• ARR rose 6% YoY to Rs 6,247, occupancy reached 69.8%, and RevPAR climbed 8% amid rebranding and technology upgrades.
• Debt reduced to Rs 1,610 crore with rating upgraded to A+, adding 15 new contracts and five new hotels this quarter.