Indian Hotels Company climbs to record high on 2030 revenue target

Indian Hotels

19/11/2024 08:05

** Shares of Indian Hotels Company Ltd  IHTL.NS  rise as
much as 3.1% to record 361.25 rupees
    ** Tata Group-owned hotelier aims to double consol rev to
150 billion rupees ($1.78 billion) by 2030 with 20% return on
capital employed and also double hotel count to 700
    ** IHTL targets part of its 'Accelerate 2030' strategy
announced on its investor day
    ** Jefferies analysts had said they would look for
commentary on drivers to sustain profit growth and margins
    ** Analysts tracking India's biggest hotelier by market cap
rate it "buy" on avg, same as smaller competitors - LSEG data
    ** Stock up 73% so far this year, leading gains among major
hotel stocks



($1 = 84.4075 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))