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indian hotels shares: Indian Hotels shares down by 5% after Q4 results. Should you buy the dip?

Indian Hotels reported consolidated revenue growth of 17% year-on-year (YoY) in 4QFY24, led by 19% YoY revenue growth in the standalone business and the growth in the standalone business was driven by better occupancy (up 440 bps YoY) and ARR (up 4% YoY; LFL 8% excluding Ginger Santacruz). ....

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indian hotels: Indian Hotels well placed to benefit from rising travel demand

In the March 2024 quarter, the company s revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management commentary during an analyst call after the results hinted at a sustained demand for rooms in FY25. ....

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