Leela Palaces & Resorts is acquiring 25 per cent stake in a beach resort in Dubai, the company announced today after posting ₹74 crore net profit in second quarter FY 2026.

The investment marks company’s international foray.

Total revenue rose 11 per cent year on year to ₹333 crore and earning before interest tax depreciation and amortisation grew 17 per cent to ₹160 crore. While the company made a net profit in second quarter FY26, it had made a ₹51 crore loss in same period last year.

Leela Palaces said it has received board approval to acquire 25 per cent stake in a resort in Dubai’s Palm Jumeirah for ₹437 crore. Private funds managed by Brookfield will hold the remaining 75 per cent stake.

“We remain on track to deliver mid-to-high teens EBITDA growth for FY 26, supported by robust

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