IHCL share price: Indian Hotels Company will be in focus following its Q4FY26 earnings, where performance came broadly in line with expectations but brokerages flagged limited near-term upside amid emerging headwinds. While the company reported healthy double-digit growth across revenue and profit, concerns around geopolitical disruptions and valuation have prompted a more cautious stance, with target prices clustered around the Rs 700 to Rs 716 range.
Morgan Stanley on Indian Hotels Company
Indian Hotels Q4FY26 Result
Indian Hotels Company reported an in-line performance for Q4FY26, with key financial metrics broadly matching expectations. Consolidated revenue rose 13.7 per cent year-on-year to Rs 2,756 crore, beating estimates slightly, while Ebitda grew 12.5 per cent to Rs 964 crore. Net profit for the quarter came in at Rs 600 crore, marking a 14.8 per cent increase from a year ago and ahead of projections. However, margins saw a marginal compression, with Ebitda margin at 35 per cent, down 37 basis points compared to last year.
On the segmental front, the core hotels business remained the primary growth driver, with revenue climbing 15 per cent year-on-year to Rs 2,529 crore and Ebitda increasing by a similar pace to Rs 977 crore, translating into a healthy margin of 38.6 per cent. Meanwhile, the air catering segment (TajSATS) posted steady growth, with revenue up 13 per cent to Rs 318 crore and Ebitda rising 7 per cent to Rs 75 crore, though margins were relatively lower at 23.5 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
