Indian Hotels checks in with strong growth in Q3, stock up 17% since Jan

Company's metrics are strong but investors should track consistency on demand, room rates and occupancy.

Better-than-expected October-December quarter (third quarter, or Q3) results, hopes of strong rebound after disruption due to the Omicron variant of the novel coronavirus, and lower debt levels are expected to support the Indian Hotels Company stock.

India’s largest listed hotel chain posted its first net profit in Q3 after six consecutive quarters of loss. The growth revival and outlook are expected to support the stock, which has gained 17 per cent since the start of the year. Aided by strong performance of the luxury segment and gradual recovery in business travel, the company reported a year-on-year (YoY) doubling of core revenues