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Informist, Tuesday, Feb. 10, 2026

By Arundathi A R

MUMBAI – The Indian Hotels Co. Ltd.'s bottom line is expected to recover in the December quarter after declining on year for the previous quarter. The company is expected to report a low-double-digit on-year rise in its net sales for the reporting quarter, on the back of higher revenue per available room from hotels it owns and higher management fees, according to analysts. On a sequential basis, the company's top line and bottom line are likely to recover after falling for the previous three quarters.

The Tata group-owned hospitality company is expected to report an over-17% on-year rise in its consolidated net profit to INR 6.84 billion for the reporting quarter, according to the average of estimates from nine brokerages. On a quarter-on-quarter basis, the company's bottom line is expected to jump almost 140%, which is the highest pace of on-year growth in eight quarters.

The company's consolidated net sales for the December quarter are expected to rise over 11% on year to INR 28.17 billion, according to the average of estimates. This would mean a rise of 38% sequentially, which is the highest in four quarters.

The highest estimate for the company's December quarter net profit is INR 7.32 billion from Nuvama Wealth Management Ltd. while the lowest estimate is INR 6.44 billion from Motilal Oswal Financial Services Ltd. The highest estimate for the company's December quarter net sales is INR 28.91 billion from YES Securities (India) Ltd. while the lowest estimate is INR 26.78 billion from Kotak Securities Ltd.

Strong traction continuing in the company's key domestic markets such as Mumbai, Delhi, Hyderabad, and Bengaluru is likely to boost its December quarter earnings, according to Motilal Oswal.

IDBI Capital Market Services Ltd. expects new businesses of the company to support its net sales growth for the latest quarter. "We build in 6% yoy (year-on-year) ARR (average room rate) growth and occupancy of 78% (flat yoy), as we take cognisance of the disruption in December (due to Indigo flights), despite healthy first two months of the quarter," Kotak said.

Indian Hotels' consolidated earnings before interest, tax, depreciation, and amortisation for the reporting quarter are expected at INR 10.74 billion, according to the average of estimates from eight brokerages. Elara Securities (India) Pvt. Ltd. has the highest estimate of INR 11.23 billion for the company's EBITDA and IDBI Capital has the lowest estimate of INR 10.04 billion.

Indian Hotels will announce its earnings for the December quarter Thursday. Market participants will watch out for the management commentary on the demand outlook for 2026–27 (Apr-Mar) and FY28. The outlook on the domestic leisure segment and international business, and updates on new businesses will also be watched.

Tuesday, shares of Indian Hotels closed at INR 702.55 on the National Stock Exchange, up over 1% from the previous session. The stock has risen nearly 1% since the company announced its earnings for the September quarter.

Of the 12 research reports on the stock available with Informist, 11 have a "buy" recommendation with an average target price of INR 869, which is nearly 24% above the closing price Tuesday, and one has has a "sell" call.

The following are the Oct-Dec earnings estimates for Indian Hotels from nine brokerages in descending order of the estimate of net profit in INR billion:

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Deepshikha Bhardwaj

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