Sterling Crosses ₹5 Billion Annual Revenue for the 1st Time

• 13% YoY growth in total revenue in FY25
• 20 Consecutive Quarters of Profits, 100% Debt Free
• 61 Resorts and 3,254 Rooms

Sterling Holiday Resorts, a key player in India’s leisure hospitality segment, announced its results, recording a total revenue from operations of ₹5,202 Mn for FY25 – a milestone for the company, marking 13% YoY growth. Sterling maintained a healthy EBITDA margin of 34% in FY25 and remained completely debt-free.

FY25 saw Sterling cross 3,200 keys and expand to 61 resorts, in 53 destinations across the country, with the launch of new resorts in Q4 at Jaisalmer (in Rajasthan), Tipeshwar (Maharashtra) and Amritsar (Punjab).

Sterling’s footprint now extends across 17 Indian states, with strong regional clusters of 9 resorts each in Kerala and Tamilnadu, 8 resorts each in Rajasthan and Maharashtra, and 7 in Uttarakhand. Their portfolio spans multiple leisure themes, with 13 resorts in wildlife destinations, 13 in the Himalayas, and 11 in spiritual circuits. The company is also focusing on expanding its presence with hotels in the business + leisure (bleisure) segment like its hotels in Madurai, Karwar, Bokaro, Dehradun etc.

“Crossing ₹5 billion in revenue is a landmark moment for us. We have also crossed ₹ 1 billion in food & beverage (F&B) revenue. We have re-oriented our F&B offerings, set up specialty restaurants in several of our resorts and increased our focus on the banquet business – and we will continue to leverage this source of revenue.  We remain focused on delivering high-quality, differentiated experiences as we expand across India through our asset-right strategy,” said Mr. Vikram Lalvani, MD & CEO, Sterling Holiday Resorts.

On customer satisfaction: with the TripAdvisor Traveler’s Choice Awards: Sterling Kanha won Best of the Best for the 3rd consecutive year. 30 Resorts were awarded Traveler’s Choice Awards – 10 of them won it for the 3rd year in a row, 8 others have won it for 2 years in a row.

Sterling Puri, our 121-key flagship resort, was awarded Best Family Resort of the Year at the CMO Asia Odisha Leadership Awards 2025.

Sterling’s ESG initiative, Sterling Sankalp, focuses on sustainability and community upliftment:

• Energy Efficiency: Deployment of heat pumps, EV charging stations, and investments in solar and wind energy.
• Waste Management: Plastic elimination via in-house water bottling plants in four resorts.
• Water Conservation: Initiatives in rainwater harvesting and grey water recycling.
• CSR: Continued contributions to the Fairfax India Charitable Foundation, supporting “Project Dialysis,” which has installed over 2,000 dialysis machines across India.

Notably, Sterling Munnar was awarded Gold in the 14th RCI Green Awards, becoming the first resort in the entire Middle East, Africa, and Asia-Pacific region to receive this prestigious honour.

Looking ahead, with strong demand tailwinds in domestic tourism, a robust pipeline of resorts, and core investments in technology, leadership, and people already in place, Sterling is confident of delivering a year of strong growth and value creation.