Indian Hotels Company Ltd. share price target

IHCL reported yet another healthy quarterly results which were in-line with our expectations. The management reiterated that the current upcycle in Indian hospitality is structural which is supported by sustained growth in domestic travel, MICE, weddings, spiritual tourism and premiumisation, with demand continuing to outpace supply in key markets. Further, supply additions remain calibrated across major cities and leisure destinations, supporting sustained pricing power and healthy RevPAR growth. The company guided for 1214% revenue growth in Q4FY26 and reiterated confidence in delivering double-digit...

Revenues to grow by 12-14%; Sames-store RevPar to grow by 8-10%: IHCL's consolidated revenues grew by 12.2% YoY to Rs2,842cr. Hotel business revenues grew by 11% while air catering business revenues grew by 18% during the quarter. Management expects consolidated revenues to grow by 12-14% in the near to medium term. This will be driven by 8-10% same store RevPar growth, international properties (US and UK) growing in strong double digit, Maturity in operations of newly launched (127 keys) Vivanta at Ekta Nagar and 100 keys expansion at Taj Ganges,...

We maintain our BUY rating with TP of Rs 820/share, implying upside of 17% from CMP.

Indian Hotels (IH) reported healthy consolidated revenue growth of 12% YoY in 3QFY26, led by growth in standalone business (up 9.5%). Subsidiaries business was up 16% YoY.

Indian Hotels Company Limited (IHCL), incorporated in 1902, is one of the country's leading hospitality companies. Tata Sons holds a 38.2% stake in the company. IHCL has a vast geographical presence and owns some of the leading brands such as Taj, Ginger...

We maintain our BUY rating with TP of Rs 835/share, implying upside of 12% from CMP.

Q2FY26 performance: IHCL consolidated revenues grew by 12% YoY to Rs.2,041cr. Hotel business revenues witnessed slower growth on account of factors such as high base, room innovation and intense rainfall in Q2FY26. Standalone room revenues decreased by 3% while F&B revenues grew by just 2% during the quarter. RevPAR stood at Rs.11000. Consolidated EBIDTA margins improved by 49bps YoY to 27.9%. EBIDTA grew by 14% YoY to Rs570.1cr. Overall PBT grew by 17%yoy to...

IHCL reported stellar Q2FY26 results which was in-line with our estimates on key parameters. The company delivered 14th consecutive best ever quarter despite experiencing short-term industry headwinds during Q2. The management guided that the long-term trajectory for the sector remains intact and is driven by structural tailwinds, supporting confidence in achieving double-digit revenue growth guidance for the year. The company reiterated healthy double digit RevPAR growth in FY26E, aided by healthy demand, increasing FTA and higher spending on MICE, weddings etc. IHCL's new business are growing at a robust...

Indian Hotels (IH IN) has reported a resilient H1FY26 performance with enterprise RevPAR up 9%, consolidated revenue up 20% and EBITDA up 21% despite being impacted by domestic/international geopolitical factors.

India's Largest Hotel Chain: IHCL is the country's largest hospitality company with brands across luxury, premium, and budget segments. Robust Domestic Demand: Growth in domestic leisure travel, corporate...

We anticipate modest multiple compression over the next two years as the company transitions from hypergrowth to steady compounding. The applied multiples (55.0x for FY26E and 50.0x for FY27E) remain premium but reflect a necessary normalization from the market's current peak valuation (61.3x).

Indian Hotels (IH) reported strong consolidated revenue growth of 32% YoY in 1QFY26, led by healthy RevPAR growth of 11% (ARR up 12% and OR down 90bp YoY) in its standalone business. Like-for-like consol hotel revenue/TajSATS grew ~13%/20% YoY.

Indian Hotels (IH IN) reported Q1FY26 consolidated revenue of INR 20.4bn and EBITDA of INR 5.8bn (2% above I-sec estimate of INR5.7bn) driven by higher standalone ARR of INR 14,552 (up 12% YoY).

IHCL reported stellar Q1FY26 results beating our and consensus estimates on all key parameters. The company delivered 13th best ever quarter aided by healthy demand in domestic market and improved operational performance of overseas hotels. Moreover, despite unpresented disruptions, RevPAR growth in domestic market is commendable. The management reiterated healthy double digit RevPAR growth in FY26E, aided by healthy demand, increasing FTA and higher spending on MICE, weddings etc. IHCL's new business are growing at a robust pace and will continue to support consolidated earnings. Net sales increased by...

We maintain our BUY rating with TP of Rs 835/share, implying upside of 11% from CMP

IHCL reported a good start to FY26 delivering strong double-digit revenue and PAT growth. Consolidated revenues grew by 31.7% y-o-y to Rs. 2,041 crore beating ours and the average street’s expectation of Rs. 1,992 crore and Rs. 1,980 crore, respectively.

*over or under performance to benchmark index Founded in 1902, Indian Hotels Company Ltd. (IHCL) is a leading hospitality player with a portfolio of 381 hotels across 14 countries. It owns popular brands like Taj,...

IHCL’s Q4FY25 numbers were strong with consolidated revenues rising 27% y-o-y to Rs. 2,425 crore (in line with expectation of Rs. 2,440 crore) driven by growth across all businesses, EBITDA margin rising 70 bps y-o-y to 35.3% (in line with 35.4% expected) and adjusted PAT growing by 38% y-o-y to Rs. 542 crore (in line with expectation of Rs. 540 crore).