Travel, Tourism Q3 Results Preview- Demand Tepid For Luggage But Hotels To Blossom: Prabhudas Lilladher

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..Prabhudas Lilladher Report.Luggage: Our checks revealed soft demand environment in the traditional dealer-distribution channel, however, uptick in online format has been good. Backed by festivities and seasonality (travel and wedding) we expect VIP Industries Ltd./Safari Industries India Ltd. to report 5%/25% growth in top-line. Further, competitive pricing is likely to offset benefit of benign raw material prices and result in gross margin of 52%/45% for VIP/Safari..Hotels: In a seasonally strong quarter, we expect Chalet Hotels Ltd./Lemon Tree Hotels Ltd. to report average room rate of Rs 11,185/Rs 6,406 respectively. While Chalet would stand to benefit from operationalisation of 88 rooms at Novotel, Pune; Lemon Tree’s performance would get a boost from inauguration of 669 rooms at Aurika, Mumbai.Overall, we expect Chalet and Lemon Tree to report top-line growth of 22.6%/19.6% with Ebitda margin of 43.4%/47.9% respectively..Aviation: We expect Interglobe Aviation Ltd. to report load factor of 85.1% and yield of Rs 5.3 (in-line with Q3 FY23) buoyed by festivities and World Cup. We expect gross spread of Rs 3.19 (revenue per available seat-kilometer less fuel cost of available seat kilometer) aided by 5.9% YoY fall in aviation turbine fuel prices (up 10.8% QoQ to Rs 113 per litre in Q3 FY24). Overall, we expect Indigo to report revenues of Rs 181 billion (up 21.3% YoY) with Ebitdar margin of 24.8% (adjusted for forex impact)..Top picks: Lemon Tree remains our preferred pick in the travel and tourism space given its crown jewel asset Aurika, Mumbai has just started operations.In luggage space, we prefer Safari Industries given recent correction provides a good entry point..Click on the attachment to read the full report:.Telecom Q3 Results Preview - Mobile Revenue Growth Sustains At ~10% Despite No Tariff Hike: ICICI Securities.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.

Travel, Tourism Q3 Results Preview- Demand Tepid For Luggage But Hotels To Blossom: Prabhudas Lilladher

Lemon Tree remains our preferred pick in the travel and tourism space given its crown jewel asset Aurika, Mumbai has just started operations.

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