Research ReportsIndian Hotels Q4 Results Review: Inline, Upbeat Outlook; Valuations Key Restraining Factor, Says Dolat Capital
ADVERTISEMENT
Indian Hotels Q4 Results Review: Inline, Upbeat Outlook; Valuations Key Restraining Factor, Says Dolat Capital
Dolat Capital reiterate ‘Sell’ rating due to rich valuations notwithstanding Indian Hotels’ superior execution, industry tailwinds of demand-supply mismatch and healthy balance sheet.
Indian Hotels’ Q4 FY25 standalone revenue/Ebitda/APAT grew by +10/16/21% YoY. (Representative image. Source: Envato)
Indian Hotels is well-positioned for sustained growth given favorable industry trends, strong brand presence and exceptional execution capabilities which increase the opportunity size (through healthy hotel openings/signings, robust pipelines of MC, new brand acquisitions like Claridge and Trees of Life, upscaling existing properties/brands, strong balance sheet with gross/net C&CE of ~Rs 31/28 billion and superior growth in high mar...