Leela Palaces Hotels share price hit a life-time high of ₹518 in Monday's trade, after reporting a 460% surge in Q1FY27 net profit. JM Financial and Choice Broking raised the target price on stock.
ICICI Securities has reiterated its 'Buy' rating on ITC Hotels, Indian Hotels Company, Leela Palaces Hotels & Resorts, Chalet Hotels, Lemon Tree Hotels and Brigade Hotel Ventures.
Analysts expect room rates to improve in the upcoming quarters as the impact of the West Asia crisis may normalise
International expansion exploration on, capex plan of ₹1,300 crore till 2030
Leela Palaces Hotels & Resorts on Tuesday reported a 46.26 per cent rise in consolidated net profit for the fourth quarter ended March at Rs 171.72 crore, on higher revenue from operations. The luxury hospitality player posted a net profit of Rs 117.41 crore for the corresponding period a year ago. During the January-March quarter (Q4) under review, its revenue from operations stood at Rs 484.42 crore, as against Rs 424.72 crore a year ago, a regulatory filing to the exchanges showed. Its total expenses rose to Rs 218.75 crore, from Rs 198.17 crore on a comparable year-on-year basis. For the full financial year 2025-26, Leela Hotels Palaces & Resorts posted a net profit of Rs 403 crore, from Rs 47.65 crore during the previous fiscal. The company informed that it will acquire BPBKC Properties Pvt Ltd (BPBKC) "for the purpose of exploring investment opportunities in the hospitality and real estate sectors" by the end of the current financial year for up to Rs 1 crore. Leela ...
Geopolitical tensions may hit foreign tourist inflows, affecting occupancies and room rates even as domestic demand stays resilient; outlook hinges on conflict duration
ICICI Securities has maintained 'Buy' ratings on major listed players - Indian Hotels, ITC Hotels, Leela Palaces Hotels & Resorts, Lemon Tree Hotels, and Chalet Hotels
PANAJI, Feb 27 (Reuters) - India's Leela Palaces Hotels & Resorts is betting that a tight supply of luxury hotel rooms and rising demand from wealthy travellers ill drive revenue and earnings growth in fiscal 2027, its chief executive said.
The brokerage preference remains hotels over aviation and luggage within the travel and related consumption basket, reflecting stronger earnings visibility in hotels