Broker retains Buy on Indian Hotels, raises target to ₹925 on record 250 signings
IHCL posted 16% revenue and 15% EBITDA growth in FY26 with a record 250 signings, expanding its portfolio to 630 hotels and 33,100 operational keys. Broker cites strong pipeline, luxury acquisitions (Claridges, Brij, ANK), and ₹4,300 cr net cash supporting ₹1,040 cr FY26 capex and mid-teens growth outlook.
IHCL delivered 16% revenue and 15% EBITDA growth in FY26 with record 250 signings, 630-hotel portfolio, and luxury acquisitions. Broker retains BUY with TP raised to ₹925, citing strong pipeline and mid-teens growth outlook.
Why this matters
Reinforces bullish broker stance on IHCL, echoing ICICI Securities' ₹925 target and Motilal Oswal's upside call, while wedding-season demand lifts bookings 20-25%.
Retail-company signals steady at 3,518 over the last 90 days.