Page 4 - Indian Hotels Company

Hotel stocks in focus; Indian, EIH, Chalet hit new highs, surge up to 7%

Growth in the industry is largely expected from domestic demand which is expected to remain strong through FY 2023-24

Indian Hotels Company consolidated net profit up 30.5% to Rs 236 cr in Q1

Tata group hospitality firm Indian Hotels Company Ltd on Thursday reported a 30.5 per cent rise in consolidated net profit at Rs 236.01 crore in the first quarter ended June 30, 2023, driven by strong revenue growth. The company had posted a consolidated net profit of Rs 180.84 crore in the same quarter last fiscal, Indian Hotels Company Ltd (IHCL) said in a regulatory filing. Consolidated revenue from operations were at Rs 1,466.37 crore during the quarter under review as compared to Rs 1,266.07 crore in the year-ago period, it added. Total expenses were higher at Rs 1,221.76 crore as compared to Rs 1,053.12 crore a year ago, the company said. IHCL Managing Director & CEO Puneet Chhatwal said the company ended the first quarter with a strong performance led by a double-digit revenue growth. "Maintaining our industry leading portfolio, IHCL signed 11 (hotels) and opened 5 new hotels across all its brands. With our vast footprint across over 125 locations, we will leverage the ...

Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.

Hotel stocks have more room for an upside; buy selectively: Analysts

The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in FY24.

Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

IHCL partners with Tata Strive to set up skill centre in Rajasthan

Indian Hotels Company (IHCL) on Thursday said it has partnered with Tata Strive, a skill development initiative of Tata Trust, to set up a hospitality-focused skill centre at Umaid Bhawan Palace in Jodhpur, Rajasthan. "Rajasthan has a very strong growth potential in the tourism sector. We are delighted to partner with Tata Strive for the skill centre in Jodhpur, which will offer skill-building programmes to youth and also contribute to the overall growth of the industry, IHCL Executive Vice President - Human Resources Gaurav Pokhariyal said. The first batch with 20 students is being trained in a 4-month food and beverage course, whose module is designed by IHCL as a knowledge partner and is aligned to National Skill Development Corporation with Tata Strive as an implementation partner. This collaboration represents a significant step in IHCL's mission to contribute to the skill development and upliftment of individuals from economically weaker backgrounds, the statement added.

Stocks to watch: Maruti, Bajaj Finance, Glenmark Pharma, IHCL, Raymond

Stocks to watch today: From Maruti Suzuki to Bajaj Finance, here are top stocks to watch in Wednesday's trade

Reliance planning hotels, resorts, lodging facility near Statue of Unity

The Tata Group's Indian Hotels Company already is already in a partnership with Sardar Sarovar Narmada Nigam (SSNNL) and plans to launch two properties, namely Vivanta and Ginger

ITC's diversification into non-cigarette biz shows critical mass in profits

But ITC's strong run currently is not restricted to a single segment - all businesses are on a high

From SBI to IHCL: 23 stocks brokerages are betting for 2023

So far in calendar year (CY22), frontline indices Nifty50 and the S&P BSE Sensex have climbed around 4 per cent each, as against 10-20 per cent fall in most of the global indices

OYO announces launch of category for highly rated hotels in 70 cities

Best hotels ranked by customer experience, location, analysis of reviews: CEO Ritesh Agarwal

Hospitality sector's per-room revenue grew 89.6% YoY in Q3: JLL report

Room demand across business cities remained strong during the quarter, primarily driven by MICE and other business-related travel

A gastronomic journey through the North far removed from convention

Loya, the latest offering by Indian Hotels at Taj Palace, New Delhi, offers a confluence of flavours from the foothills of Himalayas, the fields of Punjab, the Gangetic plains, and snow-laden Kashmir

Gifts, dinner vouchers, pre-Diwali bashes by corporates light up hotel biz

Companies across the sectors, particularly the multinationals want to do more for employees to attract them to come to office

MoUs, LoIs worth Rs 10.4 trillion signed ahead of Rajasthan summit

Energy sector has emerged as the main investment sector with 57 per cent of the proposed being implemented.

Hotel stocks order room service: See strong Q1, a stronger outlook

Inbound tourism, higher occupancies, and lean cost model are positives for listed hospitality majors

This Tata Group stock has zoomed 109% against its rights issue price

Meanwhile, the stock has surged 55 per cent against its qualified institutional placement (QIP) price of Rs 202 per share

Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio

In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route

Indian Hotels posts consolidated PAT of Rs 170 cr in Q1 amid rise in demand

The company's revenue surged by 249.45 per cent to Rs 1,293 crore during the quarter under review, compared to Rs 370 crore in the year-ago period.

Hospitality industry outlook looks quite strong: Chandrasekaran at IHCL AGM

The hospitality industry is expected to do well going forward barring unforseen situations, and occupancy of Indian Hotels Company Ltd is expected to rise, company's chairman N Chandrasekaran said