Nomura names Leela top hotel pick; Indian Hotels, ITC Hotels eye Q1 gains on domestic demand
Nomura's Q1FY27 preview backs Leela (PT 530, +11.3%) as top pick, followed by Indian Hotels (PT 800) and ITC Hotels (PT 195), citing domestic demand offsetting a foreign travel slump. Leela revenue seen +14% YoY, EBITDA +16%. Neutral on Phoenix Mills and Chalet as retail consumption growth outpaces rental income.
Nomura's Q1FY27 hotel sector preview names Leela top pick, followed by Indian Hotels and ITC Hotels, citing domestic demand offsetting foreign travel slump; Neutral on Phoenix Mills and Chalet Hotels, which sees retail consumption growth outpacing rental income.
Why this matters
Nomura's Q1FY27 preview elevates Leela above Indian Hotels and ITC Hotels, framing domestic travel demand as the sector driver while foreign travel softens.
Retail-company signals accelerating at +609100% QoQ.
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