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Indian Hotels Ltd: Strong results, well positioned to play upcycle

IHCL, with its strong parentage, robust brand image, presence across categories and further strengthening of balance sheet, is well positioned to drive the sector upcycle.

October 22, 2021 / 12:55 PM IST
Indian Hotels Ltd: Strong results, well positioned to play upcycle

The voluntary salary cut was contributed to an initiative called ‘Taj for Family’

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Indian Hotels Company Ltd (CMP: Rs 214; Market Capitalisation: Rs 25,438 crore) has posted better-than-expected results as COVID-19 cases fell and improved vaccinations led to a strong recovery in travel demand. While leisure demand continued to remain strong, corporate demand is expected to recover. With the upcoming festive as well as the marriage season, we expect IHCL to reach closer to the pre-COVID levels in Q3FY22. The Union government has permitted the entry of foreign tourists after a gap of 18...

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