Sterling Holiday Resorts has reported its financial results for FY25, achieving a milestone revenue of ₹5,202 million—a 13% year-on-year growth. The company also sustained a strong EBITDA margin of 34% and continued to operate with zero debt.
In FY25, Sterling expanded its portfolio to over 3,200 keys and 61 resorts across 53 destinations nationwide. The launch of new properties in the fourth quarter at Jaisalmer (Rajasthan), Tipeshwar (Maharashtra), and Amritsar (Punjab) bolstered this growth.
Sterling now has a presence across 17 Indian states, with notable regional clusters including nine resorts each in Kerala and Tamil Nadu, eight each in Rajasthan and Maharashtra, and seven in Uttarakhand. Its diverse portfolio covers a range of leisure themes, featuring 13 resorts in wildlife destinations, 13 in the Himalayas, and 11 in spiritual hubs. Additionally, the company is actively growing its footprint in the business + leisure (bleisure) segment, with properties in locations such as Madurai, Karwar, Bokaro, and Dehradun.
“Crossing Rs 5 billion in revenue is a landmark moment for us. We have also crossed Rs 1 billion in food & beverage (F&B) revenue. We have reoriented 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.
Sterling Holiday Resorts continues to excel in customer satisfaction, with Sterling Kanha winning the prestigious TripAdvisor Traveller’s Choice “Best of the Best” Award for the third consecutive year.
In total, 30 Sterling resorts received Traveller’s Choice Awards, with 10 properties achieving this honor for three consecutive years and another eight for two years in a row. Further highlighting its excellence, Sterling Puri— the company’s 121-key flagship property—was named Best Family Resort of the Year at the CMO Asia Odisha Leadership Awards 2025.
Beyond hospitality, Sterling is deeply committed to sustainability and social impact through its ESG initiative, Sterling Sankalp. To begin with, the initiative places a strong emphasis on energy efficiency, demonstrated by the installation of heat pumps, EV charging stations, and strategic investments in solar and wind energy.
Additionally, in the area of waste management, the company has taken significant strides toward eliminating plastic usage—for instance, by implementing in-house water bottling plants at four of its resorts.
Sterling is also advancing water conservation through rainwater harvesting and greywater recycling systems. On the CSR front, it continues its support for the Fairfax India Charitable Foundation’s “Project Dialysis,” which has facilitated the installation of over 2,000 dialysis machines across the country, contributing to vital healthcare infrastructure.
Notably, Sterling Munnar earned the prestigious Gold award at the 14th RCI Green Awards, becoming the first resort across the Middle East, Africa, and Asia-Pacific region to receive this distinguished recognition for sustainability.
Looking ahead, Sterling is optimistic about sustaining its growth trajectory. With strong demand drivers in domestic tourism, a solid pipeline of upcoming resorts, and strategic investments already made in technology, leadership, and talent development, the company is well-positioned to achieve another year of robust growth and meaningful value creation.
