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 Sep 2025	Lemon Tree Hotels	Consensus Share Price Target	174.26	177.24	-	1.71	buy	pdf Detailed Estimates
	14 Nov 2022	Lemon Tree Hotels	ICICI Securities Limited Target	174.26	120.00	91.25 (90.97%)	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	174.26	91.60	73.25 (137.90%)	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	174.26	95.00	72.85 (139.20%)	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	174.26	90.00	72.85 (139.20%)	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
	11 Jul 2022	Lemon Tree Hotels	Motilal Oswal Target	174.26	86.00	65.80 (164.83%)	Target met	Buy	pdf post cache	Broker Report A new dawn led by a strong revival in travel and tourism Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	01 Jun 2022	Lemon Tree Hotels	ICICI Direct	174.26	78.00	65.90 (164.43%)	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
	01 Jun 2022	Lemon Tree Hotels	ICICI Securities Limited Target	174.26	84.00	64.20 (171.43%)	Target met	Buy	pdf post cache	Broker Report Growth story back on track ICICI Securities Limited Lemon Tree Hotels’ (LTH) Q4FY22 results reflect clear signs of recovery in room occupancy and rates as Mar’22 occupancies have risen to 60% and Q4FY22 gross ARR was at 90% of Q4FY20 levels. As per company, overall ARR has already crossed Rs5,000 in May’22 with business travel showing strong uptick. pdf Copy Link Share on Share on Share on Share on Alert
	30 May 2022	Lemon Tree Hotels	Motilal Oswal Target	174.26	85.00	64.20 (171.43%)	Target met	Buy	pdf post cache	Broker Report Resilient demand to propel growth in FY23E Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	13 Feb 2022	Lemon Tree Hotels	Motilal Oswal Target	174.26	68.00	47.20 (269.19%)	Target met	Buy	pdf post cache	Broker Report Buoyant demand propels growth Motilal Oswal LEMONTRE reported a better than expected sales and EBITDA. Revenue grew 2.1x YoY in 3QFY22, led by robust (+109%) RevPAR growth on account of a 15pp improvement in occupancy and 54% growth in ARR. EBITDA surged 3.2x YoY, benefitting from operating leverage. We decrease our FY22E/FY23E EBITDA estimate by 14%/13%, factoring in... pdf Copy Link Share on Share on Share on Share on Alert
	26 Oct 2021	Lemon Tree Hotels	ICICI Securities Limited Target	174.26	65.00	52.80 (230.04%)	Target met	Buy	pdf post cache	Broker Report Lemon Tree Hotels ICICI Securities Limited Strong retail demand; corporate travel to recover soon chain in the mid-priced segment in India. It operates 8,497 rooms in 87 hotels across 54 destinations in India and abroad under brands like Aurika (premium), Lemon Tree... pdf Copy Link Share on Share on Share on Share on Alert
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Near 52W High of ₹180.68

Lemon Tree Hotels Ltd. share price target

Lemon Tree Hotels Ltd. has an average share price target of 180. The consensus estimate represents an upside of 3.29% from the last price of 174.26. View 18 reports from 7 analysts offering long-term price targets for Lemon Tree Hotels Ltd..

Strong bounce back continues

LEMON TREE HOTELS LTD.

Lemon Tree Hotels

Buoyant demand drives ARR growth

A new dawn led by a strong revival in travel and tourism

Lemon Tree Hotels

Growth story back on track

Resilient demand to propel growth in FY23E

Buoyant demand propels growth

Lemon Tree Hotels

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