Indian Hotels Company falls to more than one-month low on profit drop

Indian Hotels

06/11/2025 06:18

** Indian Hotels Company IHTL.NS, which operates the Taj chain of luxury hotels, falls 3.96% to 713.80 rupees, lowest since October 1

** Hospitality co's net profit nearly halves; quarterly consol revenue from ops rises 11.77%

** Brokerage Nirmal Bang says second quarter results were hurt by unusually heavy rains that hit hospitality and a high base

** However, expects a strong second half of fiscal 2026 on robust bookings and benefits from renovations

** UBS ("Buy", PT: 900 rupees) anticipates stronger momentum starting November, with most renovations across Taj Delhi and Goa properties completed

** JP Morgan ("Overweight"; PT: 890 rupees) says co's key markets will remain resilient, supporting pricing power and occupancy rates

** Stock rated "Buy" on average by 22 analysts; median PT at 875 rupees -- data compiled by LSEG

** More than 3.8 million shares change hands vs 30 day avg of 2.37 million shares

** YTD, stock down 18.66%

 (Reporting by Mridula Kumar)

 ((Mridula.kumar@thomsonreuters.com))