'Buy' IndiGo Shares Maintains ICICI Securities On Decent Q2 Numbers; Sees 19% Upside — Check Details

During a seasonally weak quarter, IndiGo had strategically optimised its capacity (only 8% growth YoY in Q2 ASK) allocation to ensure the right flights were available in the right markets, at the right times. However, the company benefitted from decent fares – stabilisation in Jul’25 and recovery through Aug/Sep’25..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We maintain our constructive view on Interglobe Aviation Ltd. The key premise has been that a structurally lower supply industry situation in the medium term is a bigger investment thesis, despite any short-term possible demand blip. The same has also been ratified from an impressive yield showing in H1 FY26 and a steady guidance for Q3. Spreads are expected to get a boost from steady crude price, partially offset by management’s guidance of low-single-digit growth in CASK ex-fuel (earlier was flat). We back the prospects of yield to remain steady, which should be able to offset cost escalations while better volume growth could lead to further market share gain by IndiGo. Capacity management through lower deployment in Q2 and higher in Q3/Q4 is also supporting FY26 EPS. We believe that benefits of active capacity management remain underappreciated by investors. Commentary and progress on internationalisation and premiumisation point to IndiGo’s firm execution. The combination of business class introduction, loyalty programme, accelerated long-haul foray with wide-body aircraft and induction of XLR underline possible new market/segment opportunities are picking up pace. Retain Buy. Key risks include demand decline and adverse geopolitical events..Click on the attachment to read the full report:.3M India Q2 Review: ICICI Securities Raises Target Price After Stellar Quarter — Check Details.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

'Buy' IndiGo Shares Maintains ICICI Securities On Decent Q2 Numbers; Sees 19% Upside — Check Details

IndiGo is uniquely positioned in current supply-demand cycle adds ICICI Securities.

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