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Indian (NIFTY) Hospitality Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies105
  • 7D-2.3%
  • 3M13.8%
  • 1Y-15.2%
  • YTD-13.2%

Over the last 7 days, the Hospitality industry has dropped 1.6%, driven by a pullback from Eternal of 3.2%. Meanwhile, Lemon Tree Hotels actually outperformed within the industry, gaining 5.9% in the last week. The industry has fallen 15% in the last year. As for the next few years, earnings are expected to grow by 37% per annum.

Industry Valuation and Performance

Has the Indian Hospitality Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026₹6.8t₹1.6t₹47.3b28.1x144.1x4.2x
Wed, 27 May 2026₹6.6t₹1.6t₹44.8b26x146.2x4.1x
Fri, 24 Apr 2026₹6.8t₹1.4t₹36.8b28.9x184.5x4.7x
Sun, 22 Mar 2026₹6.3t₹1.4t₹36.7b26.5x170.1x4.3x
Tue, 17 Feb 2026₹7.4t₹1.4t₹36.8b27.7x201.1x5.1x
Thu, 15 Jan 2026₹7.7t₹1.3t₹34.3b30.8x223.7x5.9x
Sat, 13 Dec 2025₹8.0t₹1.3t₹34.2b31.9x232.9x6.2x
Mon, 10 Nov 2025₹8.0t₹1.3t₹34.1b34.3x235.7x6.3x
Wed, 08 Oct 2025₹8.6t₹1.2t₹38.4b35.4x223.8x7.4x
Fri, 05 Sep 2025₹8.7t₹1.2t₹38.1b37.5x228.5x7.5x
Sun, 03 Aug 2025₹8.2t₹1.1t₹37.3b35.6x218.7x7.1x
Tue, 01 Jul 2025₹7.7t₹1.1t₹38.1b34.8x201.7x7.3x
Thu, 29 May 2025₹6.9t₹1.0t₹25.8b38.1x268.3x6.9x
Sat, 26 Apr 2025₹6.8t₹936.4b₹31.1b35.3x219.9x7.3x
Mon, 24 Mar 2025₹6.9t₹936.4b₹29.5b33.8x234x7.4x
Wed, 19 Feb 2025₹6.5t₹936.7b₹29.5b31.9x221.3x7x
Fri, 17 Jan 2025₹7.1t₹870.2b₹33.0b36.8x214.6x8.1x
Sun, 15 Dec 2024₹7.5t₹865.1b₹31.2b41x241.4x8.7x
Tue, 12 Nov 2024₹5.7t₹720.1b₹51.9b40.5x110.2x7.9x
Thu, 10 Oct 2024₹6.0t₹694.9b₹48.1b41.9x124.7x8.6x
Sat, 07 Sep 2024₹5.8t₹694.6b₹48.1b46x121.3x8.4x
Mon, 05 Aug 2024₹5.8t₹681.4b₹53.2b40x109.1x8.5x
Wed, 03 Jul 2024₹5.3t₹659.4b₹50.9b37.9x103.9x8x
Fri, 31 May 2024₹4.7t₹655.9b₹47.0b37.3x99.8x7.2x
Sun, 28 Apr 2024₹4.7t₹612.6b₹44.1b39.7x107.5x7.7x
Tue, 26 Mar 2024₹4.5t₹607.0b₹42.8b37.6x104x7.3x
Thu, 22 Feb 2024₹4.3t₹599.2b₹43.0b40.7x100.7x7.2x
Sat, 20 Jan 2024₹3.9t₹565.9b₹31.9b32x120.7x6.8x
Mon, 18 Dec 2023₹3.6t₹564.8b₹32.4b28.9x110.7x6.4x
Wed, 15 Nov 2023₹3.4t₹555.9b₹35.9b27.4x94.8x6.1x
Fri, 13 Oct 2023₹3.4t₹528.5b₹33.5b26.1x101.2x6.4x
Sun, 10 Sep 2023₹3.3t₹524.7b₹33.4b24x98.8x6.3x
Tue, 08 Aug 2023₹3.1t₹507.4b₹31.3b25x97.8x6x
Thu, 06 Jul 2023₹2.8t₹490.4b₹30.1b25.2x92.7x5.7x
Price to Earnings Ratio

92.7x


Total Market Cap: ₹2.8tTotal Earnings: ₹30.1bTotal Revenue: ₹490.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Hospitality Industry Price to Earnings3Y Average 163x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 144x which is lower than its 3-year average PE of 163x.
  • The 3-year average PS ratio of 6.8x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Hospitality industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 49% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Consumer Discretionary industry?

IN Market-0.97%
Consumer Discretionary-0.043%
Hospitality-2.27%
Leisure Facilities2.39%
Hotels, Resorts and Cruise Lines-0.90%
Casinos and Gaming-3.19%
Restaurants-3.39%
Industry PE
  • Investors are most optimistic about the Leisure Facilities industry which is trading above its 3-year average PE ratio of 33.7x.
    • Analysts are expecting annual earnings growth of 54.2%, which is higher than its past year's earnings growth of 20.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings growth rate of 21% per year.
  • In contrast, the Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LEMONTREE Lemon Tree Hotels₹119.695.9%
+₹5.3b		-13.7%PE41.7x
ORIENTHOT Oriental Hotels₹139.3215.8%
+₹3.4b		-8.3%PE36.6x
WONDERLA Wonderla Holidays₹495.803.1%
+₹957.6m		-21.3%PE38.5x
SAMHI SAMHI Hotels₹179.852.3%
+₹897.4m		-17.2%PE7.9x
UFBL United Foodbrands₹690.853.2%
+₹842.3m		117.7%PS2x

Latest News

ORIENTHOT
₹139.32
Oriental Hotels
7D
15.8%
1Y
-8.3%
TBOTEK
₹1,460.80
TBO Tek
7D
0.3%
1Y
4.4%
Narrative Update • Jun 26

TBOTEK: Upcoming Board Decisions Will Support Confidence In Future Upside

Analysts have trimmed their price target on TBO Tek, with fair value moving from about ₹1,910.70 to roughly ₹1,711.09 as they refresh assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News for TBO Tek TBO Tek has scheduled a Board Meeting on May 28, 2026, at 10:15 Indian Standard Time to consider audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
UFBL
₹690.85
United Foodbrands
7D
3.2%
1Y
117.7%
Narrative Update • Jun 26

UFBL: Upcoming Board Results Will Clarify Revised Earnings Multiple Potential

Analysts have revised their fair value estimate for United Foodbrands from ₹397 to ₹1,132, citing updated assumptions on revenue growth, profit margins and future P/E expectations. What's in the News United Foodbrands has scheduled a Board Meeting for May 19, 2026, to review and approve audited standalone financial results for the quarter and financial year ended March 31, 2026.
SWIGGY
₹240.75
Swiggy
7D
-5.5%
1Y
-39.9%
Narrative Update • Jun 26

SWIGGY: Future Profitability Assumptions Will Drive Repriced Expectations And Governance Changes

Analysts have reduced their price target for Swiggy from about ₹329 to around ₹234, citing more conservative assumptions on revenue growth, profit margins, and future P/E expectations. What’s in the News for Swiggy Swiggy held an Analyst and Investor Day, giving institutional and retail investors a detailed update on the business and management’s priorities.
DEVYANI
₹112.84
Devyani International
7D
-3.8%
1Y
-32.7%
Narrative Update • Jun 24

DEVYANI: Upcoming Results Review Will Support Future Capital Restructuring

Analysts have slightly reduced their price target on Devyani International to about ₹148.70 from roughly ₹148.90, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News for Devyani International Devyani International has scheduled a board meeting for May 15, 2026.
SAPPHIRE
₹180.37
Sapphire Foods India
7D
-6.0%
1Y
-45.1%
Narrative Update • Jun 23

SAPPHIRE: Upcoming Board Decisions On Leadership Changes Will Support Future Upside

Analysts have made a small downward adjustment to their price target on Sapphire Foods India to about ₹244.85 from roughly ₹245.35, reflecting updated assumptions on discount rate, revenue growth and profit margin, while keeping future P/E expectations broadly similar. What's in the News Sapphire Foods India has scheduled a board meeting on 28 Apr 2026 at 12:30 Indian Standard Time to review and approve the audited standalone and consolidated financial results for the quarter and year ended 31 Mar 2026.
JUBLFOOD
₹423.20
Jubilant FoodWorks
7D
-2.4%
1Y
-39.7%
Narrative Update • Jun 23

JUBLFOOD: Upcoming Board Decisions Will Support Margins And Dividend Visibility

Analysts have trimmed their price target for Jubilant FoodWorks from ₹718.81 to ₹689.91, reflecting updates to their models that include a slightly higher discount rate, modestly adjusted revenue growth and profit margin assumptions, and a lower future P/E multiple. What's in the News Jubilant FoodWorks has scheduled a board meeting on March 30, 2026, at 15:30 Indian Standard Time to consider the non-renewal of development rights under the Multiple Unit Development Franchise Agreement dated February 24, 2011, for the Dunkin' brand in India, with the current development term ending on December 31, 2026.
LEMONTREE
₹119.69
Lemon Tree Hotels
7D
5.9%
1Y
-13.7%
Narrative Update • Jun 18

LEMONTREE: Expanding Rajasthan And Assam Footprint Will Drive Future Upside

The analyst price target for Lemon Tree Hotels has been adjusted slightly lower to about ₹157 per share from approximately ₹157.50. Analysts cite updated assumptions across discount rate, revenue growth, profit margin and future P/E as the basis for this refined valuation view.
SAMHI
₹179.85
SAMHI Hotels
7D
2.3%
1Y
-17.2%
Narrative Update • Jun 18

SAMHI: Solar Energy Investments Will Support Future Stock Upside

Analysts have kept their fair value estimate for SAMHI Hotels steady at ₹237.33, with only minor adjustments to inputs such as the discount rate and assumed future P/E that refine, but do not materially change, their overall price target view. What’s in the News for SAMHI Hotels A board meeting is scheduled on May 21, 2026 to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026, on both a standalone and consolidated basis.
ETERNAL
₹255.15
Eternal
7D
-3.2%
1Y
-3.4%
Narrative Update • Jun 16

ETERNAL: Asset Transfer And Subsidiary Structure Will Support Long Term Upside

Analysts have nudged their fair value estimate for Eternal slightly higher from around ₹464.69 to about ₹465.98, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E. Together, these changes suggest a modest refinement rather than a major shift in the stock’s outlook.
500850
₹720.10
Indian Hotels
7D
-0.6%
1Y
-6.2%
WONDERLA
₹495.80
Wonderla Holidays
7D
3.1%
1Y
-21.3%
Narrative Update • Jun 14

WONDERLA: Upcoming Board Decision On Dividend Will Signal Potential Upside

Analysts have kept Wonderla Holidays' price target steady at ₹815, indicating relatively unchanged fair value expectations, alongside small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News A board meeting is scheduled for May 7, 2026, to consider and approve audited financial results for the quarter and year ended March 31, 2026.
ITCHOTELS
₹173.68
ITC Hotels
7D
-1.6%
1Y
-21.9%
507265
₹200.00
Emerald Leisures
7D
11.2%
1Y
-5.8%
IMAGICAA
₹49.18
Imagicaaworld Entertainment
7D
2.5%
1Y
-28.8%
THELEELA
₹483.90
Leela Palaces Hotels & Resorts
7D
-2.3%
1Y
19.4%
Analysis Article • May 01

Leela Palaces Hotels & Resorts Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Leela Palaces Hotels & Resorts Limited ( NSE:THELEELA ) investors will be delighted, with the company turning in some...