Name: Latest research reports of Lemon Tree Hotels Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Lemon Tree Hotels Ltd.
Rating: 5
Author: ICICI Securities Limited

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	17 Jul 2025	Lemon Tree Hotels	Consensus Share Price Target	155.77	174.29	-	11.89	buy	pdf Detailed Estimates
	01 Jun 2023	Lemon Tree Hotels	ICICI Securities Limited Target	155.77	137.00	94.25 (65.27%)	Target met	Buy	pdf post cache	Broker Report Mumbai Airport hotel opening to drive growth ICICI Securities Limited Lemon Tree Hotels (LTH) clocked its best-ever quarter in Q4FY23, and with the company having achieved FY23 revenue and EBITDA of Rs8.8bn and Rs4.5bn respectively, the company has exceeded its FY23 guidance of revenue growing 100% YoY to Rs8.0bn at an EBITDA margin of 50%. pdf Copy Link Share on Share on Share on Share on Alert
	23 Mar 2023	Lemon Tree Hotels	ICICI Securities Limited Target	155.77	132.00	76.30 (104.15%)	Target met	Buy	pdf post cache	Broker Report Focus shifts to growth from recovery ICICI Securities Limited Lemon Tree Hotels (LTH) clocked its best-ever quarter in Q3FY23, and with the company having achieved 9MFY23 revenue and EBITDA of Rs6.2bn and Rs3.1bn respectively, we believe that it is on track to meet its FY23 guidance of revenues growing 100% YoY to Rs8.0bn at an EBITDA margin of 50%. pdf Copy Link Share on Share on Share on Share on Alert
	14 Feb 2023	Lemon Tree Hotels	IDBI Capital Target	155.77	110.00	78.75 (97.80%)	Target met	Buy	pdf post cache	Broker Report Lemon Tree Hotels: Q3FY23 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	13 Feb 2023	Lemon Tree Hotels	Motilal Oswal Target	155.77	115.00	77.60 (100.73%)	Target met	Buy	pdf post cache	Broker Report Strong ARR growth and operating leverage play Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	11 Feb 2023	Lemon Tree Hotels	ICICI Securities Limited Target	155.77	125.00	77.00 (102.30%)	Target met	Buy	pdf post cache	Broker Report Record quarter driven by pricing momentum ICICI Securities Limited Along expected lines, Lemon Tree Hotels (LTH) clocked its best ever quarter with Q3FY23 consolidated revenue of Rs2.3bn (up 19% QoQ) which was marginally higher than I-sec estimate of Rs2.2bn with reported EBITDA of Rs1.1bn at EBITDA margins of 54.2% (I-sec estimate of 53%). pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2022	Lemon Tree Hotels	Motilal Oswal Target	155.77	110.00	91.00 (71.18%)	Target met	Buy	pdf post cache	Broker Report Higher ARR and cost optimization drive earnings Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2022	Lemon Tree Hotels	ICICI Securities Limited Target	155.77	120.00	91.25 (70.71%)	Target met	Buy	pdf post cache	Broker Report Strong bounce back continues ICICI Securities Limited Lemon Tree Hotels (LTH) reported Q2FY23 consolidated revenue of Rs1.9bn (up 2% QoQ) which was marginally higher than I-sec estimate of Rs1.8bn with reported EBITDA of Rs0.9bn at EBITDA margins of 47.6% (I-sec estimate of 47%). pdf Copy Link Share on Share on Share on Share on Alert
	02 Sep 2022	Lemon Tree Hotels	Ventura	155.77	91.60	73.25 (112.66%)	Target met	Buy	pdf post cache	Broker Report LEMON TREE HOTELS LTD. Ventura Sweet lemonade for your portfolio pdf Copy Link Share on Share on Share on Share on Alert
	05 Aug 2022	Lemon Tree Hotels	ICICI Direct Target	155.77	95.00	72.85 (113.82%)	Target met	Buy	pdf post cache	Broker Report Lemon Tree Hotels ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	04 Aug 2022	Lemon Tree Hotels	Motilal Oswal Target	155.77	90.00	72.85 (113.82%)	Target met	Buy	pdf post cache	Broker Report Buoyant demand drives ARR growth Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
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Near 52W High of ₹162.40

Lemon Tree Hotels Ltd. share price target

Lemon Tree Hotels Ltd. has an average share price target of 168.50. The consensus estimate represents an upside of 8.17% from the last price of 155.77. View 16 reports from 7 analysts offering long-term price targets for Lemon Tree Hotels Ltd..

Mumbai Airport hotel opening to drive growth

Focus shifts to growth from recovery

Lemon Tree Hotels: Q3FY23 Result Review

Strong ARR growth and operating leverage play

Record quarter driven by pricing momentum

Higher ARR and cost optimization drive earnings

Strong bounce back continues

LEMON TREE HOTELS LTD.

Lemon Tree Hotels

Buoyant demand drives ARR growth

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