Buy Indian Hotels Company; target of Rs 891: Sharekhan

Sharekhan is bullish on Indian Hotels Company has recommended buy rating on the stock with a target price of Rs 891 in its research report dated July 17, 2025.

Broker Research

July 21, 2025 / 11:02 IST

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Todays L/H

Sharekhan's research report on Indian Hotels Company

Indian Hotels Company Ltd’s (IHCL’s) Q1FY26 numbers were good despite multiple headwinds, with revenue and adjusted PAT growing by 32% and 36% y-o-y, respectively. Consolidated EBITDA margin fell ~80 bps y-o-y to 28.2% owing to early wage hikes. Management is confident of a strong show in Q2FY26, despite a high base of Q2FY25 and has maintained guidance of double-digit revenue growth and opening of 30+ hotels for FY26.

Outlook

We maintain a Buy rating with a revised PT of Rs. 891. Stock trades at 27x/23x its FY26E/27E EV/EBIDTA, respectively.

For all recommendations report, click here

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Indian Hotels Company - 21072025 - khan

Broker Research

first published: Jul 21, 2025 11:02 am

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