16 Jun , 2025 By : Debdeep Gupta
Shares of Indian Hotels Company Limited (IHCL) climbed over a percent to Rs 745 in early trade on June 16 after Jefferies reiterated its bullish view, citing the company’s strong FY26 guidance and multiple growth levers that support its long-term outlook.
With a target price of Rs 980 per share, the international brokerage forecasts an upside potential of 33.33 percent from the last close of Rs 735 on the NSE. The brokerage noted the company’s significant scale-up and transformation over the past eight years. Management reaffirmed confidence in the positive demand-supply dynamics for the hospitality sector in India and reiterated its FY26 guidance of double-digit revenue growth.
Long-term targets remain intact, with Indian Hotels aiming to double its portfolio and consolidated revenues by FY30. The company is also expanding new and reimagined businesses while targeting an asset-light model with 75 percent of the portfolio.
Last month, the management said that it is targeting 12–15 percent revenue growth in 2025-26, backed by robust performance from its flagship Taj brand and rising contribution from new businesses.
The company reported a strong performance in the January-March quarter of 2025 (Q4FY25), with revenue rising 27.3 percent year-on-year (YoY) to Rs 2,425 crore from Rs 1,905 crore. earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 29.9 percent to Rs 857 crore, while margins expanded slightly to 35.3 percent from 34.6 percent. Profit after tax (PAT) increased by 28.4 percent to Rs 563 crore compared to Rs 438 crore in the same quarter last year.
At about 10:20 am, shares of the company were trading at Rs 743, higher by 1 percent from the last close on the NSE. IHCL shares are down over 16 percent since the beginning of the year.
0 Comment