Sharekhan's research report on Indian Hotels Company
Indian Hotels Company Ltd’s (IHCL’s) Q4FY25 performance was strong, in line with expectations, with consolidated revenue/adjusted PAT (including Taj SATS) growing by 27%/38% y-o-y, respectively. EBITDA margin rose 70 bps y-o-y to 35.3%. IHCL has maintained guidance of double-digit revenue growth in FY26 driven by strong same-store performance, sustained momentum in new businesses and new hotel openings, supported by strong industry tailwinds. For FY26, management has guided for a capex of Rs. 1,200 crore, of which 60-65% would be towards renovation and maintenance of existing assets, and the balance 35-40% towards greenfield assets.
Outlook
We maintain a Buy with a revised PT of Rs. 917. Stock trades at 27x/23x its FY26E/27E EV/EBIDTA, respectively.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
