Premium valuations likely to cap upsides for Indian Hotels' stock

The company expects revenue per available room (RevPAR) growth to remain strong, with like-for-like RevPAR to grow in high single digits

Tata Group’s hospitality arm and Taj Hotels’ parent company Indian Hotels Company (IHCL) on Tuesday set a target to grow consolidated revenue 2x to Rs 15,000 crore and double the portfolio of hotels to over 700 by 2030.

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Devangshu Datta

4 min read Last Updated : Nov 21 2024 | 11:16 PM IST

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Indian Hotels (IH) has an ambitious strategy of doubling its hotel portfolio and is aiming for a 14 per cent annual revenue growth. The goals are achievable, given financial discipline and agility. Over FY24-27, IH may deliver an annual growth of 18 per cent in revenue with higher growth in operating profit and adjusted net profit. IH projects revenues to more than double by FY30 to Rs 15,000 crore from Rs 7,000 crore in FY24.

The portfolio is expected to surpass 700 hotels (up from 350 currently) and operational hotels are projected to exceed 500 (current 232). The company expects

Topics : Indian Hotels Compass stock market trading

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