Indian Hotels Company Ltd

INDHOTEL Stock Summary · May 2026

Strong FY26 performance and healthy liquidity underpinned management’s message, even as international demand headwinds introduce near‑term pressure. Consolidated FY26 revenue grew 16% to INR 9,971 crores and the balance sheet carries gross liquidity in excess of INR 4,300 crores, supporting a mix of organic investment and targeted acquisitions; management stressed steady, recurring capex of INR 1,000–1,200 crores per year to reinforce assets and capabilities. They emphasized broad diversification, accelerated scale via capital‑light expansion and new‑business scaling, and stepped‑up asset management and digital initiatives to lift pricing power and guest experience; new verticals delivered an inflection with strong growth and recently closed acquisitions broadened adjacent revenue streams. Management acknowledged disruption from the West Asian conflict (consolidated impact ~INR 40–50 crores) and softer pockets like Dubai and Maldives even as domestic demand remained robust. Looking ahead, they reiterated FY27 revenue guidance of roughly 12–14% with like‑for‑like RevPAR/total revenue of about 7–9% (base case ~7%) and said Q1 is expected to grow above 12%.