Lemon Tree Hotels Ltd.'s (LTH) Q2FY27 result was in-line with our estimates on net sales and EBITDA, while PAT was above our forecast owing to exceptional gain of Rs221mn. The management reaffirmed historical guidance for full-year seasonality, projecting second-half operations to deliver approximately 55% of full-year consolidated revenues and 60% of full-year consolidated EBITDA, supported by favorable wedding, retail, and corporate MICE demand cycles across major commercial centers. The operational footprint expanded to...