Strong ARR growth and improved occupancy drive revenue

11 Mar 2024
5 Min read 
  • Indian Hotels reports 16% YoY growth in consolidated revenue in 3QFY24.
  •  Strong growth driven by 21% YoY increase in standalone business revenue.
  •  Management contract revenue rose 13% YoY in 3QFY24.
  •  Company expects double-digit revenue growth in FY25, plans to launch new brand.
  •  Strong room addition pipeline and expected increase in management fees.
  •  Stock rated as "Buy" with target price of INR615.
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