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Questions across 2 calls

Puneet Chhatwal

Firm not listed in source transcripts

The Indian Hotels Company Limited

The Indian Hotels Company Limited CC-May26.pdf · 2026-05-11
Sumant, just help me clarify. You mean because of the West Asian crisis or you mean because of the comments made by some leadership or by the Prime Minister or -- I can't follow because we are having business as usual. Dubai is down. Maldives is down. London is okay and domestic is very strong. So, it's a very simple answer.
The business was a bit sluggish. I would say March was a difficult month. Beginning of April was difficult. Middle of April came the stability. Since then, we are seeing strong growth. But there is months and weeks. I think it's important to state what we just said in terms of our outlook. We remain fairly confident that we will again deliver double -digit growth between 12%, let's say, and 14% in the FY '27 fiscal. And should everything subside in West Asian crisis, you could expect more of the figures in line with what we had in the last financial year, which was not easy either because we started with Pahalgam in April, Sindoor in May, airline accident in June. You can go on and on and finish the year with the West Asian crisis. So, I don't see any reason, especially in light of our not-like- for-like growth that we should be able to do double-digit top line growth.
The Indian Hotels Company Limited CC-Dec23.pdf · 2024-02-02
So, Sumant Good morning. Demand continues to outpace supply, the January trend is very much in line with what we are seeing in Q3 in terms of top line growth. And business on books is also strong and the pickup that we are seeing is also equally good for the month of February, so that leaves us with March. The booking window has now increased there was, the booking windows had become very short, but now we have a bit more visibility. So, to answer your question till March we are looking good before we could only give guidance on like maximum a month or six weeks. But at the moment all looks good. We also have IPL in end of March till May, again this year. So, all in all the demand is very strong, supply remains constrained and our portfolio, the investments that Giri just now spoke about, which is approximately 4%, 5% of our top line in the existing plus that selective investments we do like we have done for Ginger Santacruz keeps us always very well positioned to capitalize on all possible opportunities. So, as an example, we recently invested in Four Villas in Amã in Goa. So, on one hand, we upgraded the assets as those buildings were there. From the other hand we strengthen the Amã brand and we will continue to take these initiatives and you will continue to see the reflection of those initiatives in the results that we deliver.
Ginger brand is very good for every district capital of India. So, we are going to accelerate the pace of growth in Ginger, but we want to maintain our brand scape as very pure. So, a Ginger hotel cannot do a lot of banqueting and weddings , etc . Also, in Tier-2, Tier-3 cities, you need more like a full service brand and Taj with the capital cost of Taj is not ideal for every possible market. That’s why we went from Taj to a multi brand strategy and because of the heterogeneous nature of Indian mar ket, and we feel now that we need a full-service brand and also in other segments as India story changes, as India has embarked on such a strategic GDP growth. There will be new needs and new wants that arise, now instead of being reactive, we will be proactive and work so that we are rightly positioned to take advantage of the changes that will happen in the marketplace over the next three, four, five years.