Preview: India's IndiGo set for stronger Q2 as fare strength outweighs traffic softness, analysts say
BUZZ-PREVIEW-India's IndiGo set for stronger Q2 as fare strength outweighs traffic softness, analysts say ** IndiGo INGL.NS is expected to report a stronger Q2, with higher airfares helping offset softer traffic growth and elevated costs, analysts say
** IndiGo is scheduled to report Q2 results later on Thursday
** Analysts say industry capacity constraints have boosted yields, with fare increases expected to more than offset modest passenger growth
** Elara expects adjusted profit to jump 176% year-on-year, driven by strength in domestic and international fares
** Ambit says muted traffic growth and geopolitical disruptions remain risks, while commentary on fleet additions and international expansion will be closely watched
** Stock down 0.4% at 4,670 rupees on Thursday
** Avg rating of 25 analysts on stock at "buy"; median PT is 5,800 rupees - LSEG-compiled data
** Stock down 7.7% YTD vs Nifty 50's .NSEI ~13% drop
(Reporting by Kashish Tandon in Bengaluru)
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