Shares of Indian Hotels Company (IHCL) moved higher by 4 per cent to Rs 232.85 on the BSE in Monday's intra-day trade after the India's largest hospitality company unveiled its route map for profitable growth.
In the past three months, IHCL has outperformed the market by surging 15 per cent, as compared to 5 per cent decline in the S&P BSE Sensex. It had hit a record high of Rs 269 on May 4, 2022.
Under 'Ahvaan 2025' plan, IHCL will re-engineer its margins, re-imagine its brandscape, and restructure its portfolio. The company aims to build a portfolio
Indian Hotels unveils 'Ahvaan 2025' for profitable growth; stock gains 4%
The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution from new businesses and management fees by FY 2025-26.
 "Indian Hotels")
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IHCL’s gross debt was Rs 1,665 crore and it had liquidity of Rs 580 crore, as of December last year.
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