External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Standalone domestic business shows encouraging growth: The standalone domestic business reported a growth of 15.1% YoY.</li><li>Standalone ARR (Average Room Rate) increased to Rs 20,440 (+12.9% YoY), with occupancy reaching 78%, an improvement of 100bps YoY.</li><li>This resulted in standalone RevPAR growth of 14.7% YoY, largely driven by growth in the F&amp;B segment.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Standalone domestic business shows encouraging growth: The standalone domestic business reported a growth of 15.1% YoY.Standalone ARR (Average Room Rate) increased to Rs 20,440 (+12.9% YoY), with occupancy reaching 78%, an improvement of 100bps YoY.This resulted in standalone RevPAR growth of 14.7% YoY, largely driven by growth in the F&amp;B segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels Company Ltd - Outstanding Quarter Marked by Double-Digit Growth...

<ul><li>The standalone domestic business reported a growth of 15.9% YoY.</li><li>Standalone ARR (Average Room Rate) increased to Rs 14,321 (+10.4% YoY), with occupancy reaching 78%, an improvement of 210bps YoY.</li><li>This resulted in standalone revenue growth of 15.9% YoY, driven by these factors.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The standalone domestic business reported a growth of 15.9% YoY.Standalone ARR (Average Room Rate) increased to Rs 14,321 (+10.4% YoY), with occupancy reaching 78%, an improvement of 210bps YoY.This resulted in standalone revenue growth of 15.9% YoY, driven by these factors.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels Company Ltd - Favourable Trends to Support Hospitality Cycle; ADD

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Indian Hotels Co. Ltd.’s (IHCL) Q4FY24 reported in-line consolidated revenue of INR 19bn, as Q4FY24 standalone RevPAR grew 10% YoY with ARRs rising 4% and occupancy by 440bps YoY to 79.1%.</li><li>According to IHCL, demand drivers remain intact heading into FY25, and it is targeting double-digit consolidated revenue growth in FY25 with new businesses expected to grow more than 30% YoY.</li><li>We raise our FY25E/26E revenue by 3%/4%, and FY25E/26E EBITDA by 2% each, building in accelerated room openings and higher standalone ARR growth of 9% for FY25/26E vs. 7% earlier.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels Co. Ltd.’s (IHCL) Q4FY24 reported in-line consolidated revenue of INR 19bn, as Q4FY24 standalone RevPAR grew 10% YoY with ARRs rising 4% and occupancy by 440bps YoY to 79.1%.According to IHCL, demand drivers remain intact heading into FY25, and it is targeting double-digit consolidated revenue growth in FY25 with new businesses expected to grow more than 30% YoY.We raise our FY25E/26E revenue by 3%/4%, and FY25E/26E EBITDA by 2% each, building in accelerated room openings and higher standalone ARR growth of 9% for FY25/26E vs. 7% earlier.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels - Strong End to Another Stellar Year

<ul><li>Indian Hotels (IHCL) reported consolidated revenue growth of 17.2% YoY which stood above our expectations.</li><li>The Q4 is seasonally a strong quarter and this growth was mainly due to the increase in RevPAR to Rs 13,887, up 9.9% YoY in standalone domestic hotels.</li><li>IHCL’ RevPAR in international assets (US) declined by 3.0% YoY but increased by 1% YoY in the UK respectively.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels (IHCL) reported consolidated revenue growth of 17.2% YoY which stood above our expectations.The Q4 is seasonally a strong quarter and this growth was mainly due to the increase in RevPAR to Rs 13,887, up 9.9% YoY in standalone domestic hotels.IHCL’ RevPAR in international assets (US) declined by 3.0% YoY but increased by 1% YoY in the UK respectively.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels Company Ltd - Improvement in Occupancies & Stable Realizations

<ul><li>Indian Hotels (IHCL) reported consolidated revenue growth of 16.5% YoY, in line with our expectations.</li><li>The Q3 is seasonally a strong quarter and this growth was mainly due to the increase in RevPAR to Rs 9,840, up 24.9% YoY in domestic hotels.</li><li>IHCL’ RevPAR in international assets, US declined by -3.0% YoY while increasing by 10% YoY in the UK respectively. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels (IHCL) reported consolidated revenue growth of 16.5% YoY, in line with our expectations.The Q3 is seasonally a strong quarter and this growth was mainly due to the increase in RevPAR to Rs 9,840, up 24.9% YoY in domestic hotels.IHCL’ RevPAR in international assets, US declined by -3.0% YoY while increasing by 10% YoY in the UK respectively. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indian Hotels Company Ltd - Improvement in QoQ Realizations & Occupancies

India

Indian Hotels Company Limited operates The Taj Group of hotels.  The Company owns or maintains long term leases/licenses for hotels in India, in addition to International hotels.  The Group's hotels are divided into three groups: Luxury, Business, and, Leisure.

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Indian Hotels (IH IN)

Indian Hotels Company Ltd - Outstanding Quarter Marked by Double-Digit Growth...

The standalone domestic business reported a growth of 15.1% YoY. Standalone ARR (Average Room Rate) increased to Rs 20,440 (+12.9% YoY), with...

Axis Direct

Indian Hotels Company Ltd - Favourable Trends to Support Hospitality Cycle; ADD

Standalone ARR (Average Room Rate) increased to Rs 14,321 (+10.4% YoY), with occupancy reaching 78%, an improvement of 210bps YoY.

Axis Direct

Indian Hotels - Strong End to Another Stellar Year

Indian Hotels Co. Ltd.’s (IHCL) Q4FY24 reported in-line consolidated revenue of INR 19bn, as Q4FY24 standalone RevPAR grew 10% YoY with ARRs rising...

ICICI Securities Limited

Indian Hotels Company Ltd - Improvement in Occupancies & Stable Realizations

The company reported consolidated EBITDA margins of 34.6%, up 169bps YoY. This was impacted by EBITDA losses of 9.9% in the US operations.

Axis Direct

Indian Hotels Company Ltd - Improvement in QoQ Realizations & Occupancies

The Q3 is seasonally a strong quarter and this growth was mainly due to the increase in RevPAR to Rs 9,840, up 24.9% YoY in domestic hotels.

Axis Direct

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