Waterways Leisure Tourism Ltd. IPO

We are one of the domestic ocean cruise operators in India (Source: CRISIL Report), offering luxurious and inherent Indian experiences. We believe this enables us to set industry benchmarks, foster brand loyalty, and establish pricing standards, thereby strengthening our market presence and ... creating a strong competitive position. We currently operate a cruise vessel, the ‘MV Empress’, and since our launch, 730,819 guests have sailed on our cruise vessel, which has covered more than 321,292.53 nautical miles along the Indian coastline and surrounding islands as of March 31, 2026. In Fiscal 2025, we accounted for approximately 79% of the market share in value terms. (Source: CRISIL Report) Our cruise vessel primarily sails to domestic destinations such as Mumbai (Maharashtra), Goa, Kochi (Kerala), Chennai (Tamil Nadu), Lakshadweep, Visakhapatnam (Andhra Pradesh), and Puducherry. We have in the past and continue to offer international itineraries to Hambantota, Trincomalee, and Jaffna (Sri Lanka), Phuket (Thailand), Singapore, Kuala Lumpur and Langkawi (Malaysia). Our itineraries are designed to showcase India’s coastal regions and cultural heritage, providing guests with an enriching travel experience and establishing ourselves as the go-to choice for luxury and cultural cruising. Our cruise vessel ‘MV Empress’ offers a variety of cabin options, including one chairman’s suite, five suites, 63 mini suites, 416 ocean-view staterooms, and 311 interior staterooms, totaling 796 cabins, with prices ranging from ? 34,164 (interior rooms) per night to ? 151,111 (Chairman suite) per night, subject to dynamic pricing and load factor considerations. Read more

Overall cruise passengers stood at 428,326 in Calendar Year 2025

As of Calendar Year 2025, overall cruise passengers stood at 477,676, with domestic passengers forming the major share with 428,326 passengers.

In Fiscal 2024, the overall cruise passengers increased to 471,685, ... compared to 426,846 in Fiscal 2023, whereas total vessels increased to 253 in Fiscal 2024 compared to 227 in Fiscal 2023, both registering a y-o-y growth of approximately 11%. Overall, total cruise passengers and total vessels registered a CAGR of approximately 19% and approximately 1% respectively between Fiscal 2014 to 2024. Additionally, in Calendar Year 2025, domestic passengers held a share of 89% of total passengers, whereas the international passengers held the remaining share of 11%. Read more