INDHOTEL

Indian Hotels reported 14% YoY revenue growth in Q1 FY26, driven by strong leisure and business travel demand. Occupancy and RevPAR remain above pre-COVID levels. The company continues expanding under the Ginger and Vivanta brands. With debt nearly eliminated, financials look strong. At ~35x FY26 EPS, valuations are fair given sustained hospitality demand. IHCL remains a key play on India’s travel boom.