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Lemon Tree Hotels: Can the stock re-rate further?

With the increasing sense of normalcy and with corporate and trade demand expected to resume in a big way, LMNT expects to touch pre-COVID levels by H1FY23

November 24, 2021 / 10:19 PM IST
Lemon Tree Hotels: Can the stock re-rate further?

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

Lemon Tree Hotels (LMNT; CMP: Rs 51; Market Capitalisation: Rs 4,072 crore) has posted a strong recovery in the September 2021 quarter as travel increased. Due to the reduced cost structure, LMNT posted margins close to the pre-COVID levels, on a much lower revenue base. Demand environment continues to improve. With the increasing sense of normalcy and with corporate and trade demand expected to resume in a big way, LMNT expects to touch pre-COVID levels by H1FY23. With a much leaner cost...

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