Indian Hotels Company shares gained around 3% on Thursday after the hospitality group reported improved results for the September quarter.
Consolidated profit rose 23% year on year to ₹349 crore, while revenue increased 21% to ₹2,566 crore, according to the reported figures. Analysts were also reported to have raised earnings estimates and price targets after reviewing the results.
Hospitality demand in focus
Hotel-sector performance depends on room rates, occupancy, new room supply, travel demand and operating costs. Investors will look for management’s outlook on demand and expansion plans to assess the sustainability of growth.
