ADVERTISEMENT
Lemon Tree Q3 Results Review: Dolat Capital Upgrades Rating To ‘Accumulate’, Hikes Target Price — Here's Why
From H2 FY26 onwards, Lemon Tree is poised for strong growth driven by its upgraded portfolio, the scale-up of Aurika Mumbai, and lower interest costs, says Dolat Capital.
07 Feb 2025, 10:06 AM IST 
Lemon Tree's revenue/ Ebitda/adjusted profit after tax grew by +23/32/77% YoY.
(Photo Source: Lemon Tree Website)
Lemon Tree is undergoing a strategic transformation with renovations of ~75% (~4,300 rooms) until H1 FY26. Of the ~4300 odd rooms, ~2300-2400 rooms are done by Q3 FY25 (~2,600-2700 by end FY25), especially of high yielding Lemon Tree Premier Hotels in key cities of Pune, Aerocity Delhi, Hyd, Bengaluru etc.
