Announcement • Jul 23
the Indian Hotels Company Limited Maintains Revenue Guidance for the Fiscal Year 2027 The Indian Hotels Company Limited maintained revenue guidance for the fiscal year 2027. For the year, the company maintains guidance of double-digit revenue growth for the fiscal year. Reported Earnings • Jul 22
First quarter 2027 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2027 results: EPS: ₹2.51 (up from ₹2.08 in 1Q 2026). Revenue: ₹24.2b (up 15% from 1Q 2026). Net income: ₹3.58b (up 21% from 1Q 2026). Profit margin: 15% (in line with 1Q 2026). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year. Announcement • Jul 13
The Indian Hotels Company Limited to Report Q1, 2027 Results on Jul 21, 2026 The Indian Hotels Company Limited announced that they will report Q1, 2027 results on Jul 21, 2026 Announcement • Jul 01
The Indian Hotels Company Limited Approves Dividend for the Financial Year Ended March 31, 2026 The Indian Hotels Company Limited at its AGM held on June 30, 2026 approved dividend of INR 3.25 per equity share for the financial year ended March 31, 2026. Upcoming Dividend • Jun 16
Upcoming dividend of ₹3.25 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.5%). Declared Dividend • May 23
Dividend increased to ₹3.25 Dividend of ₹3.25 is 44% higher than last year. Ex-date: 23rd June 2026 Payment date: 3rd July 2026 Dividend yield will be 0.5%, which is higher than the industry average of 0.3%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
The Indian Hotels Company Limited, Annual General Meeting, Jun 30, 2026 The Indian Hotels Company Limited, Annual General Meeting, Jun 30, 2026, at 10:30 Indian Standard Time. Reported Earnings • May 12
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: ₹14.64 (up from ₹13.40 in FY 2025). Revenue: ₹99.7b (up 17% from FY 2025). Net income: ₹20.8b (up 9.3% from FY 2025). Profit margin: 21% (down from 22% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 20% per year. Announcement • May 04
The Indian Hotels Company Limited to Report Q4, 2026 Results on May 11, 2026 The Indian Hotels Company Limited announced that they will report Q4, 2026 results on May 11, 2026 Announcement • Apr 22
The Indian Hotels Company Limited (BSE:500850) completed the acquisition of an unknown minority stake in Brij Hospitality Private Limited. The Indian Hotels Company Limited (BSE:500850) agreed to acquire an unknown minority stake in Brij Hospitality Private Limited on January 15, 2026. The Indian Hotels Company Limited (BSE:500850) acquired 51% stake in Brij Hospitality Private Limited for a price not exceeding INR 2, 220 million on April 21, 2026. A cash consideration will be paid by The Indian Hotels Company Limited. In related transaction's, the Board, has today approved the execution of certain definitive agreements by the Company, together with its, namely ANK Hotels Private Limited and Pride Hospitality Private Limited, including: (i) Share Subscription and Purchase Agreement; (ii) Share Purchase Agreement(s); and (iii) Shareholders’ Agreement, pursuant to which the Company, directly and/ or through, ANK and Pride shall collectively acquire around 51% stake in Brij Hospitality Private Limited for an aggregate amount not exceeding INR 225 million.
For the period ending March 31, 2025, Brij Hospitality Private Limited reported total revenue of INR 623.1 million.
The expected completion of the transaction is March 31, 2026.
Siddharth Bhavnani and Surbhi Kothiala of Antares Legal acted as legal advisor to IHCL. Jamshed Bhumgara and Kaustubh Verma of Shardul Amarchand Mangaldas & Co acted as legal advisor to Brij Hotels. Ernst & Young Private Limited acted as financial advisor to The Indian Hotels Company Limited.
The Indian Hotels Company Limited (BSE:500850) completed the acquisition of an unknown minority stake in Brij Hospitality Private Limited on April 21, 2026. The deal is for a total investment of up to ?222 crores. The Indian Hotels Company Limited (IHCL) along with its step down subsidiaries namely ANK Hotels Private Limited and Pride Hospitality Private Limited has completed the acquisition of 51% of the share capital (on a fully diluted basis) in Brij Hospital Private Limited, for a total investment of up to ?222 crores. The acquisition comprises of purchase from existing shareholders of Brij as well as primary investment in Brij through a combination of Compulsorily Convertible Preference Shares and partly paid-up equity shares. Consequent to the acquisition, Brij has become a subsidiary of The Indian Hotels Company Limited. Reported Earnings • Feb 13
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: ₹6.35 (up from ₹4.09 in 3Q 2025). Revenue: ₹29.0b (up 12% from 3Q 2025). Net income: ₹9.03b (up 55% from 3Q 2025). Profit margin: 31% (up from 23% in 3Q 2025). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 30% per year. Announcement • Feb 05
The Indian Hotels Company Limited to Report Q3, 2026 Results on Feb 12, 2026 The Indian Hotels Company Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Jan 16
The Indian Hotels Company Limited (BSE:500850) agreed to acquire an unknown minority stake in Brij Hospitality Private Limited. The Indian Hotels Company Limited (BSE:500850) agreed to acquire an unknown minority stake in Brij Hospitality Private Limited on January 15, 2026. A cash consideration will be paid by The Indian Hotels Company Limited. In related transaction's, the Board, has today approved the execution of certain definitive agreements by the Company, together with its, namely ANK Hotels Private Limited and Pride Hospitality Private Limited, including: (i) Share Subscription and Purchase Agreement; (ii) Share Purchase Agreement(s); and (iii) Shareholders’ Agreement, pursuant to which the Company, directly and/ or through, ANK and Pride shall collectively acquire around 51% stake in Brij Hospitality Private Limited for an aggregate amount not exceeding INR 225 million.
For the period ending March 31, 2025, Brij Hospitality Private Limited reported total revenue of INR 623.1 million.
The expected completion of the transaction is March 31, 2026. Announcement • Dec 20
Shalini Bhupal agreed to acquire an additional 25.52% stake in TAJGVK Hotels & Resorts Limited (NSEI:TAJGVK) from The Indian Hotels Company Limited (BSE:500850) for INR 5.9 billion. Shalini Bhupal agreed to acquire an additional 25.52% stake in TAJGVK Hotels & Resorts Limited (NSEI:TAJGVK) from The Indian Hotels Company Limited (BSE:500850) for INR 5.9 billion on December 19, 2025. A cash consideration valued at INR 370 per share will be paid by the buyer.
TajGVK portfolio in accordance with the provisions contained in the respective Hotel Operating Agreements which have also be signed today. Board of Directors has today approved execution of a Sale and Purchase Agreement. Announcement • Nov 12
Indian Hotels, ITC, EIH & Others Reportedly in Race for Pune's Courtyard by Marriott The Indian Hotels Company Limited (BSE:500850), ITC Hotels Limited (NSEI:ITCHOTELS) and EIH Limited (NSEI:EIHOTEL) are among hospitality companies to have shown interest in acquiring Courtyard by Marriott, a Pune-based five-star hotel owned by Advantage Raheja group, said people aware of the development. Several real estate companies such as Oberoi Realty Limited (NSEI:OBEROIRLTY) and Shree Naman Developers Ltd. too have shown interest. As many as 42 companies have submitted expressions of interest (EoIs) in a sale process overseen by the bankruptcy court. The five star hotel, owned by the Neo Capricorn Plaza, a company promoted by Advantage Raheja group, is located in the heart of Pune city. Viceroy Hotels Limited (BSE:523796), Manipal Health Systems Private Limited, Juniper Hotels Limited (NSEI:JUNIPER), Chalet Hotels Limited (NSEI:CHALET) and Runwal Hotels Private Limited are among other hospitality companies interested in Courtyard by Marriott, Pune. Resolution professional Jayesh Sanghrajka declined to comment on the offers. Indian Hotels, EIH and ITC Hotels did not respond to ET's queries. Neo Capricorn Plaza is undergoing a corporate insolvency process after the National Company Law Tribunal accepted Omkara Asset Reconstruction's petition. Sanghrajka has verified claims amounting to INR 9,410 million. Omkara ARC is the largest secured debtholder with a 99% share, while HDFC Bank has approved a claim of INR 1.7 million or less than 0.02%. Reported Earnings • Nov 05
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: ₹2.00 (down from ₹3.89 in 2Q 2025). Revenue: ₹21.2b (up 12% from 2Q 2025). Net income: ₹2.85b (down 49% from 2Q 2025). Profit margin: 13% (down from 29% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 30% per year. Announcement • Nov 05
Indian Hotels, EIH, ITC Reportedly Join Race for JW Marriott Bengaluru The Indian Hotels Company Limited (BSE:500850), EIH Limited (NSEI:EIHOTEL) and ITC Hotels Limited (NSEI:ITCHOTELS) are among leading hospitality companies that have shown interest in acquiring the luxury hotel JW Marriott in Bengaluru, according to documents seen by ET. As many as 40 companies, mostly from the hospitality and real estate sectors, have submitted expressions of interest in a sale process overseen by the bankruptcy court. The five-star hotel, owned by the Advantage Raheja Group, has 281 rooms and is located in the heart of the city. Other leading players in the fray include Manipal Health Systems, Chalet Hotels, SAMHI Hotels, Oberoi Realty, Unisons Hotels and Shree Naman Developers. Financial investors such as Brookfield Advisors India, JC Flowers Asset Reconstruction and Kotak Alternate Asset Managers have also shown interest. Resolution professional Jayesh Sanghrajka declined to comment on the offers. Indian Hotels, EIH and ITC Hotels did not respond to ET's queries. Gstaad Hotels (Gstaad Hotels Private Limited), the Advantage Raheja Group company that owns JW Marriott in Bengaluru, is undergoing a corporate insolvency process after the National Company Law Tribunal accepted Omkara Asset Reconstruction's petition. Announcement • Oct 27
The Indian Hotels Company Limited to Report Q2, 2026 Results on Nov 04, 2025 The Indian Hotels Company Limited announced that they will report Q2, 2026 results at 3:30 PM, Indian Standard Time on Nov 04, 2025 Reported Earnings • Jul 18
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: ₹2.08 (up from ₹1.75 in 1Q 2025). Revenue: ₹21.0b (up 32% from 1Q 2025). Net income: ₹2.96b (up 19% from 1Q 2025). Profit margin: 14% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year and the company’s share price has also increased by 45% per year. Announcement • Jul 10
The Indian Hotels Company Limited to Report Q1, 2026 Results on Jul 17, 2025 The Indian Hotels Company Limited announced that they will report Q1, 2026 results on Jul 17, 2025 Upcoming Dividend • Jun 23
Upcoming dividend of ₹2.25 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.4%). Reported Earnings • Jun 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹13.40 (up from ₹8.86 in FY 2024). Revenue: ₹85.6b (up 24% from FY 2024). Net income: ₹19.1b (up 52% from FY 2024). Profit margin: 22% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • May 21
The Indian Hotels Company Limited, Annual General Meeting, Jul 07, 2025 The Indian Hotels Company Limited, Annual General Meeting, Jul 07, 2025, at 14:30 Indian Standard Time. Reported Earnings • May 06
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ₹13.40 (up from ₹8.86 in FY 2024). Revenue: ₹85.7b (up 24% from FY 2024). Net income: ₹19.1b (up 52% from FY 2024). Profit margin: 22% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
The Indian Hotels Company Limited to Report Q4, 2025 Results on May 05, 2025 The Indian Hotels Company Limited announced that they will report Q4, 2025 results on May 05, 2025 Price Target Changed • Jan 21
Price target increased by 7.5% to ₹853 Up from ₹794, the current price target is an average from 22 analysts. New target price is 12% above last closing price of ₹760. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₹12.09 for next year compared to ₹8.86 last year. Reported Earnings • Jan 18
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹4.09 (up from ₹3.18 in 3Q 2024). Revenue: ₹25.9b (up 29% from 3Q 2024). Net income: ₹5.82b (up 29% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
The Indian Hotels Company Limited (BSE:500850) completed the acquisition of 55% stake in Rajscape Hotels Private Limited from Ambuja Neotia Teesta Development Private Limited. The Indian Hotels Company Limited (BSE:500850) agreed to acquire 55% stake in Rajscape Hotels Private Limited from Ambuja Neotia Teesta Development Private Limited for approximately INR 180 million on November 5, 2024. A cash consideration will be paid by The Indian Hotels Company Limited.towards common equity of Rajscape Hotels Private Limited. For the year ended March 31, 2024 Rajscape Hotels reported revenue of INR 234 million and net loss of INR 10.5 million.
The transaction is subject to approval of the acquirer board. The transaction has received the approval of the board.
The Indian Hotels Company Limited (BSE:500850) completed the acquisition of 55% stake in Rajscape Hotels Private Limited from Ambuja Neotia Teesta Development Private Limited on January 13, 2025. Announcement • Jan 10
The Indian Hotels Company Limited to Report Q3, 2025 Results on Jan 17, 2025 The Indian Hotels Company Limited announced that they will report Q3, 2025 results on Jan 17, 2025 Price Target Changed • Nov 12
Price target increased by 7.1% to ₹719 Up from ₹671, the current price target is an average from 21 analysts. New target price is approximately in line with last closing price of ₹730. Stock is up 78% over the past year. The company is forecast to post earnings per share of ₹11.85 for next year compared to ₹8.86 last year. Reported Earnings • Nov 08
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ₹3.89 (up from ₹1.18 in 2Q 2024). Revenue: ₹18.9b (up 28% from 2Q 2024). Net income: ₹5.55b (up 232% from 2Q 2024). Profit margin: 29% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 133%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Nov 07
The Indian Hotels Company Limited (BSE:500850) agreed to acquire 55% stake in Rajscape Hotels Private Limited from Ambuja Neotia Teesta Development Private Limited for INR 180 million The Indian Hotels Company Limited (BSE:500850) agreed to acquire an unknown stake in Rajscape Hotels Private Limited from Ambuja Neotia Teesta Development Private Limited on November 5, 2024. A cash consideration will be paid by The Indian Hotels Company Limited.towards common equity of Rajscape Hotels Private Limited. For the year ended March 31, 2024 Rajscape Hotels reported revenue of INR 234 million and net loss of INR 10.5 million.
The transaction is subject to approval of the acquirer board. The transaction has received the approval of the board. Announcement • Oct 31
The Indian Hotels Company Limited to Report Q2, 2025 Results on Nov 07, 2024 The Indian Hotels Company Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Independent Director Anupam Narayan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 27
Indian Hotels Company Appoints Anmol Ahluwalia as Area Director Operations and GM for Taj Mahal, New Delhi Indian Hotels Company (IHCL) has appointed Dr. Anmol Ahluwalia as area director, operations and general manager – Taj Mahal, New Delhi. The chain said Dr. Ahluwalia brings over two decades of 'invaluable experience' to Taj Mahal, New Delhi, and will further enhance the 'prestigious legacy' of the capital’s landmark hospitality destination in its new, re-imagined avatar. In addition to this, Dr. Ahluwalia will be responsible for the operations of Ambassador, New Delhi - IHCL SeleQtions, The Connaught, New Delhi - IHCL SeleQtions, and Soulinaire.Speaking on his appointment, Dr. Anmol Ahluwalia, Area Director - Operations and General Manager - Taj Mahal, New Delhi said he is 'honoured' to take on the role as general manager of the iconic Taj Mahal, New Delhi - one of the most 'distinguished' addresses of the national capital. Dr. Ahluwalia joins the team from his recent position as area director, operations in Goa, where he spearheaded a portfolio of IHCL’s Hotels under its various brands, including the legendary 5-star luxury resorts Taj Holiday Village Resort & Spa and Taj Fort Aguada Resort & Spa. Dr. Ahluwalia has been responsible for pre-opening teams, implementing best practices across multiple properties, and earning accolades, including the Trail Blazer of the Year award. The chain said under his strategic leadership, each property delivers 'exceptional' guest experiences while upholding IHCL's brand standards. New Risk • Jul 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 21
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹1.47. Revenue: ₹971.7b (up ₹956.6b from 1Q 2024). Net income: ₹208.8b (up ₹206.6b from 1Q 2024). Profit margin: 22% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 7.6%. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Hospitality industry in India are expected to grow by 17%. Announcement • Jul 16
The Indian Hotels Company Limited to Report Q1, 2025 Results on Jul 19, 2024 The Indian Hotels Company Limited announced that they will report Q1, 2025 results on Jul 19, 2024 Upcoming Dividend • May 31
Upcoming dividend of ₹1.75 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 14 July 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.2%). In line with average of industry peers (0.4%). Price Target Changed • May 29
Price target increased by 7.3% to ₹620 Up from ₹578, the current price target is an average from 19 analysts. New target price is 9.6% above last closing price of ₹566. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹11.75 for next year compared to ₹8.86 last year. Reported Earnings • May 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹8.86 (up from ₹7.06 in FY 2023). Revenue: ₹69.2b (up 17% from FY 2023). Net income: ₹12.6b (up 26% from FY 2023). Profit margin: 18% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Announcement • May 12
The Indian Hotels Company Limited, Annual General Meeting, Jun 14, 2024 The Indian Hotels Company Limited, Annual General Meeting, Jun 14, 2024, at 15:00 Indian Standard Time. Declared Dividend • May 11
Dividend increased to ₹1.75 Dividend of ₹1.75 is 75% higher than last year. Ex-date: 7th June 2024 Payment date: 14th July 2024 Dividend yield will be 0.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 10
Price target increased by 7.9% to ₹624 Up from ₹578, the current price target is an average from 19 analysts. New target price is 15% above last closing price of ₹544. Stock is up 52% over the past year. The company is forecast to post earnings per share of ₹11.81 for next year compared to ₹8.86 last year. Price Target Changed • Apr 30
Price target increased by 7.3% to ₹614 Up from ₹572, the current price target is an average from 19 analysts. New target price is 6.4% above last closing price of ₹577. Stock is up 66% over the past year. The company is forecast to post earnings per share of ₹11.80 for next year compared to ₹8.86 last year. Announcement • Apr 26
the Indian Hotels Company Limited Recommends Dividend for the Financial Year Ended March 31, 2024 The Indian Hotels Company Limited recommended a dividend of INR 1.75/- per Equity Share of INR 1/- each fully paid up of the Company @ 175 % (previous year INR 1/- per Equity Share of INR 1/- each fully paid up @ 100%), subject to the approval of the Members at the forthcoming Annual General Meeting. Accordingly: the dividend payable on one Equity Share of INR 1/- each fully paid up will amount to INR 1.75/-. The dividend payable on Hundred Equity Shares of INR 1/- each fully paid up will amount to INR 175/-. Reported Earnings • Apr 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹8.86 (up from ₹7.06 in FY 2023). Revenue: ₹69.5b (up 18% from FY 2023). Net income: ₹12.6b (up 26% from FY 2023). Profit margin: 18% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
The Indian Hotels Company Limited to Report Fiscal Year 2024 Results on Apr 24, 2024 The Indian Hotels Company Limited announced that they will report fiscal year 2024 results on Apr 24, 2024 Price Target Changed • Feb 05
Price target increased by 15% to ₹528 Up from ₹461, the current price target is an average from 20 analysts. New target price is approximately in line with last closing price of ₹509. Stock is up 62% over the past year. The company is forecast to post earnings per share of ₹8.93 for next year compared to ₹7.06 last year. Reported Earnings • Feb 02
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹3.18 (up from ₹2.69 in 3Q 2023). Revenue: ₹20.0b (up 19% from 3Q 2023). Net income: ₹4.52b (up 18% from 3Q 2023). Profit margin: 23% (in line with 3Q 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
The Indian Hotels Company Limited to Report Q3, 2024 Results on Feb 01, 2024 The Indian Hotels Company Limited announced that they will report Q3, 2024 results on Feb 01, 2024 Announcement • Dec 18
The Indian Hotels Company Limited announced that it has received INR 1.21302687 billion in funding from Tata Investment Corporation Limited, New Vernon Private Equity Limited On December 16, 2023, The Indian Hotels Company Limited closed the transaction. Reported Earnings • Oct 31
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹1.18 (up from ₹0.86 in 2Q 2023). Revenue: ₹14.8b (up 18% from 2Q 2023). Net income: ₹1.67b (up 37% from 2Q 2023). Profit margin: 11% (up from 9.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
The Indian Hotels Company Limited Announces CFO Changes The Indian Hotels Company Limited announced that the Board at its meeting held on October 27, 2023, approved the appointment of Mr. Ankur Dalwani as the Chief Financial Officer (Designate) of the Company with effect from December 1, 2023, who would later take over as whole-time Chief Financial Officer from Mr. Giridhar Sanjeevi, effective July 1, 2024. Mr. Ankur Dalwani, aged 49 years, is currently the Senior Vice President, Group CFO's Office -Tata Sons Pvt Ltd. and Member of the Board at Tata Realty And Infrastructure Limited & Tata Housing Development Company Limited. Mr. Ankur Dalwani has about 26 years of extensive experience in Corporate Finance & Strategy, Investment Banking & M&A and Leading roles across sectors including the real estate sector. He began his career in 1997 and has worked at CRISIL (subsidiary of S&P International), Enron India, DSP Merrill Lynch, IDFC Capital, Jefferies India Private Limited, L&T Financial Services (LTFS) and briefly at Aditya Birla Management Corporation Limited. His previous position at L&T Finance carried P&L responsibility for a large operating business. He has built relationships with the investor community and his competencies include corporate finance skills, strategic analysis of businesses, M&A and fund raising across capital structures. Mr. Ankur Dalwani is MBA (Finance) from S.P. Jain Institute of Management & Research, Mumbai and Bachelor in Engineering from National Institute of Technology, Rourkela. Announcement • Oct 20
The Indian Hotels Company Limited to Report Q2, 2024 Results on Oct 27, 2023 The Indian Hotels Company Limited announced that they will report Q2, 2024 results on Oct 27, 2023 Announcement • Jul 29
The Indian Hotels Company Limited (BSE:500850) entered into a term sheet to acquire Pamodzi Hotels Plc (LUSE:PAMODZI) from Tata International Singapore Pte. Limited and others for $15 million. The Indian Hotels Company Limited (BSE:500850) entered into a term sheet to acquire Pamodzi Hotels Plc (LUSE:PAMODZI) from Tata International Singapore Pte. Limited and others for $15 million on July 27, 2023. As per the terms, deal is contingent upon Tata International Singapore acquiring the remaining 10% stake in Pamodzi Hotels from other shareholders and delisting of Pamodzi. Purchase consideration to be paid to Tata International in 3 tranches, 15% upon execution of Sale purchase agreement, 40% after 12 months and balance 45% after 24 months. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: ₹1.57 (vs ₹1.20 in 1Q 2023) First quarter 2024 results: EPS: ₹1.57 (up from ₹1.20 in 1Q 2023). Revenue: ₹15.2b (up 20% from 1Q 2023). Net income: ₹2.22b (up 31% from 1Q 2023). Profit margin: 15% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in India. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth.