$TAJGVK TAJ GVK Hotels & Resorts – Premium Hospitality Play Benefiting from India's Travel Boom

$TAJGVK TAJ GVK Hotels & Resorts is a premium hospitality company operating iconic Taj-branded hotels across Hyderabad, Chandigarh, and other key locations. The company is benefiting from strong growth in business travel, tourism, weddings, conferences, and rising hotel room rates across India. Key Financial Highlights • FY26 revenue grew 11.8% YoY to approximately ₹508 crore. • Q4 FY26 consolidated revenue rose 23.5% YoY to ₹161 crore. • FY26 consolidated net profit surged to ₹388 crore, aided by an exceptional gain and strong operating performance. • Q4 FY26 EBITDA increased significantly with margin expansion to nearly 30%. • Asset-backed business with premium hotels operated under the trusted Taj brand. Investment Rationale • Beneficiary of India's strong hospitality and tourism cycle. • Premium Taj brand supports pricing power and occupancy growth. • Rising average room rates (ARR) and RevPAR trends across the hotel sector support profitability. • Strong cash generation and valuable real-estate-backed assets. • Growth driven by business travel, weddings, events, and premium leisure demand. • Relatively smaller market capitalization provides scope for earnings-led re-rating. With strong hospitality demand, premium hotel assets, improving profitability, and continued growth in India's travel and tourism sector, TAJ GVK Hotels remains well-positioned for long-term growth.