A prominent brokerage has maintained a “Buy” rating on the stock, revising the target price to a 15% upside from the current market price. The company’s ‘Accelerate 2030’ strategy is the centerpiece of this optimism. The plan aims to double the company’s revenues and significantly improve its return profiles, led analysts to give a bullish rating to the company.
Share Price Movement
The share price of Indian Hotels Company Limited went up by 1.58 percent to Rs. 785.45 per share on Friday, an increase from its previous close of Rs. 786.85 per share. The market capitalisation now stands at approximately Rs. 1,13,774.94 crore as of November 22, 2024.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Indian Hotels Company’s consolidated revenue from operations has increased by 27.4 percent YOY from Rs. 1,433 crore in Q2 FY24 to Rs. 1,826 crore in Q2 FY25 and increased by 17.8 percent QoQ from Rs. 1,550 crore in Q4 FY24.
The company’s consolidated net profit has increased by 225 percent, from Rs. 179 crore in Q2 FY24 to Rs. 583 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 124.23 percent QoQ from Rs. 260 crore.
Guidance on the industry
India’s 7 trillion economy, 31-38% middle-class growth, and 50% rise in disposable incomes create significant demand tailwinds. Targeting underserved 0.2 million hotel rooms, 75% new hotels in Tier 2/3/4 cities, 6-8% supply growth, 18% CAGR in MICE, and 25 million FTA recovery, the company is well-positioned for long-term growth.
Target Price
Sharekhan maintains a “Buy” rating on Indian Hotels Company with a revised target price of Rs. 910 an upside of 15%. The brokerage highlights IHCL’s ambitious ‘Accelerate 2030’ strategy aimed at doubling revenues and improving return profiles, with strong revenue growth and EBITDA margin expansion.
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Shareholding Pattern
As of the November 2024 shareholding pattern, Indian Hotels Company Limited is primarily held by the promoters at 38.12 percent, foreign institutional investors hold 27.44 percent, and the public with 15.65 percent.
About Company
Founded in 1899 by Jamsetji Tata, is a leading player in the hospitality industry and the largest hospitality-focused company in South Asia. IHCL opened its first hotel, The Taj Mahal Palace in Mumbai, in 1903. The company now boasts a portfolio of 311 hotels globally, with 75 more under development. Its diverse brands include Taj, SeleQtions, Vivanta, Ginger, and amã Stays & Trails.
IHCL operates across several countries, including India, the UK, the US, and regions in Southeast Asia and Africa. The company is known for blending traditional Indian hospitality with modern luxury, offering unique and upscale experiences. In FY24, IHCL signed contracts for 53 new hotels and opened 34. The company’s new business vertical has seen significant growth, contributing notably to its revenue.
With a rich legacy and strong leadership under Puneet Chhatwal, IHCL aims to enhance profitability and expand its brand portfolio globally. Its commitment to sustainability and innovation positions IHCL for continued growth through 2025 and beyond.
Written By Fazal Ul Vahab C H
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