IHCL Q2 Profit Surges 226% YoY, H2 Expected to Outperform: Puneet Chhatwal

Tata-backed Indian Hotels Company (IHCL) posted a remarkable 226% year-on-year increase in profit for Q2, reaching Rs 583 crore, driven by strong domestic demand and a rebound in international tourism. Revenues rose 27.4% YoY to Rs 1,826 crore. MD & CEO Puneet Chhatwal expressed confidence that H2 would outperform, with Q3 and Q4 historically being the strongest quarters. Despite sectoral slowdowns elsewhere, IHCL's growth reflects India’s economic expansion and the company’s strategic adaptations post-COVID. Chhatwal highlighted constrained supply, resilience in room rates, and structural improvements that position IHCL well in India’s hospitality boom.

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