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IDBI Capital Report
We attended The Indian Hotels Company Ltd.'s Capital Market Day to understand-
the management's roadmap for Indian Hotels in near term,
the industry's performance post third wave and opportunities and challenges ahead and
update on the company's new initiatives in allied businesses and growth outlook.
Indian Hotels introduced Ahvaan 2025 which will focus on the company's route map for profitable growth till FY2025/26. Under this, the company would target-
Ebitda margin of 33% at consolidated level,
Ebitda from new brands and management fees to be 35%,
to achieve 50%-50% hotel portfolio in terms of owned and managed/leased and
to focuses on being a zero net debt company.
We believe hotel industry has rebounded post hiccup of third Covid-19 wave and the growth across the segments in encouraging. Indian Hotels, being the industry leader, is in a sweet spot to benefit from improving industry trends.
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