India's Leela Hotels owner Schloss gains as analysts cheer revenue growth

Leela Palaces Hotels & Resorts

23/07/2025 07:52

** Shares of Leela Hotels owner Schloss Bangalore Ltd SCHL.NS climb 3.3% to 464.45 rupees

** Morgan Stanley ("overweight", PT: 562 rupees) says SCHL's RevPAR growth of 20% in Q1 is an indicator of luxury hotel segment's resilience

** Adds, SCHL posted industry-leading RevPAR in Q1

** J.P. Morgan ("overweight", PT: 510 rupees) says it likes SCHL's lead over peers in RevPAR growth, as well as stock's favourable valuations

** Co reported a lower Q1 profit on Tuesday, while rev grew 20%

** SCHL rose as much as 5.5% to record 474.40 rupees earlier in the session

** Stock up 14% since listing on June 2 and is ~7% above its IPO issue price

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))