Anand Rathi keeps Buy on Indian Hotels and lifts target to Rs 900
Anand Rathi maintains a Buy rating on Indian Hotels with a Rs 900 target after a strong quarter in which revenue rose 21.7% year on year.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to TradingView, citing Anand Rathi's research report, analysts kept a Buy rating on Indian Hotels Company (IHCL) and raised the target price to Rs 900 from Rs 845. Revenue rose about 21.7% year on year to roughly Rs 24.8 billion, which was about 6.3% above the analysts' estimate and 5.1% above the street consensus. Domestic RevPAR grew about 25%, while reported EBITDA increased roughly 23.8% to Rs 7.1 billion, with the margin at 28.4%.
In the hotel segment, absolute EBITDA rose about 30%, but the Taj SATs margin fell to 17.8% from 23% due to temporary softness in air traffic. Management raised its FY27 revenue growth guidance to 15–17% from 12–14% and expects FY28 performance to match or exceed FY27 unless major disruptions occur.
why it matters
The revised forecasts and target suggest analysts expect profit growth to continue over the coming years. The target is based on 23.5x FY29e EBITDA, down from 26x FY28 EBITDA previously. The story concerns a single company, so its wider market impact is limited.
tags
instruments
sources
- Buy Indian Hotels Company; target of Rs 900: Anand Rathi — TradingView, 23 October 2026 at 09:23 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗