Indian Hotels Share Price Slips After Q4 Miss
Macquarie cuts target price after margin miss and reduced growth pipeline.
Shares of Indian Hotels Co. Ltd. fell over 3% on Tuesday after the company’s fourth-quarter results missed Bloomberg estimates, prompting mixed reactions from brokerages.
Macquarie retained a ‘neutral’ call and cut its target price, citing a revenue beat offset by weaker-than-expected Ebitda performance due to higher employee costs. It flagged a 10% cut in the company’s financial year 2026/27 project pipeline and lowered earnings per share estimates for financial years 2026 to 2028 by 8–9%.
Despite the margin miss, Indian Hotels reported a 27.3% rise in consolidated revenue to Rs 2,425 crore and a 25% jump in net profit to Rs 522 crore. The board has proposed a dividend of Rs 2.25 per share, subject to shareholder approval.
Indian Hotels Q4 Highlights (Consolidated, YoY)
Revenue up 27.3% to Rs 2,425 crore versus Rs 1,905 crore (Bloomberg estimate: Rs 2,418.5 crore)
Net profit up 25% to Rs 522 crore versus Rs 417.76 crore (Bloomberg estimate: Rs 553.4 crore)
Ebitda up 30% to Rs 857 crore versus Rs 659.5 crore (Bloomberg estimate: Rs 874 crore)
Margin at 35.3% versus 34.6% (Bloomberg estimate: 36.1%)
IHCL Share Price Today
Indian Hotels stock fell as much as 3.53% during the day to Rs 773.5 apiece on the NSE. It was trading 2.91% lower at Rs 778.05 apiece, compared to a 0.27% decline in the benchmark Nifty 50 as of 10:02 a.m.
It has risen 36.34% in the last 12 months and fallen 11.37% on a year-to-date basis. The total traded volume so far in the day stood at 6.4 times its 30-day average. The relative strength index was at 43.96.
Fifteen out of the 24 analysts tracking the Taj hotel operator have a 'buy' rating on the stock, five recommend a 'hold' and four suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 861.55, implying an upside of 10.2%.
