Indian Hotels Company Ltd.'s (IHCL) Q3FY21 result reflected recovery in the domestic leisure segment post unlocking activities in key cities. Staycation, good wedding season and Christmas/New year vacations led to smart improvement in RevPAR over Q2FY21. However, domestic business and overseas operations were laggard and weighed on overall performance of the company. Net sales declined by 59.2% YoY to Rs5,599mn, while EBITDA came in at negative Rs167mn compared to Rs4,257mn in Q3FY20. The company reported net loss of Rs1,332mn. The management guided healthy RevPAR growth to continue in domestic business as roll-out of Covid-19 vaccine paves the way...