BUZZ-Indian Hotels falls; brokers see strong demand but flag growth risks

Jefferies Financial Group Inc.

Jefferies Financial Group Inc.

JEF

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** Shares of Taj Hotels parent Indian Hotels IHTL.NS fall as much as ~2.4% amid broader market weakness

** Jefferies (maintains "buy", PT: 800 rupees) says domestic travel demand remains stronger than expectations entering Q1FY27

** Brokerage raises FY27 EBITDA and PAT estimates by ~3% each

** Dolat Capital (maintains "accumulate") cuts PT by 25 rupees to 750 rupees; warns sustaining high growth could be challenging

** Expects revenue growing at 11% annually; raises FY27-FY28 revenue and profit estimates by ~3% each

** Ambit (maintains "buy", PT: 800 rupees) marginally trims FY27-FY28 estimates on expected moderation in room rate growth

** IHTL's quarterly profit and revenue rose over 14% y/y, driven by higher room rates, strong domestic demand


($1 = 95.3000 Indian rupees)


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