Weaker Q1 Does Not Deter The Strong Business Proposition For IndiGo: ICICI Securities

IndiGo in Q4 FY25 reported PRASK of Rs 4.65 driven by strong travel demand from festivities, wedding season and the Maha Kumbh. However, Q1 FY26 has been marred with geopolitical issues around the world and Air India’s unfortunate accident. .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 have been highlighting about the possible disruption in Q1 FY26 on account of several matters in our previous reports, and as such is expected. However, we remain constructive on IndiGo Ltd. basis-systemic business position continues to gain strength for IndiGo (case in hand being international passenger market share which has now increased 425bps YoY amongst Indian carriers in May’25), IndiGo has taken a host of measures to augment allround capability, inherent capability of IndiGo to clock in Rs 10 billion PAT in FY27E after full tax even though disruptions in supply demand and gross margin may happen. .While our estimated PAT for IndiGo is ~Rs 19.5 billion ex of forex (down 33.5% YoY) in Q1 FY26E, there is no change in strong fundamental positioning of the business..Click on the attachment to read the full report:.ICICI Bank, Airtel, L&T, Dixon Tech, Coforge Among Motilal Oswal's Large, Mid & Small Caps; Q1 Results Preview.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.

Weaker Q1 Does Not Deter The Strong Business Proposition For IndiGo: ICICI Securities

ICICI Securities expects total passenger within range of 30.5-31.5 million for IndiGo in Q1FY26E

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