The Indian Hotels Co.’s shares have seen a surge of 68% in the calendar year to date, tripling in value since May 2022. This growth follows the company’s ambitious Ahvaan 2025 strategy, which targeted re-engineered margins, an expanded portfolio, and re-imagined brand positioning.
Jefferies Equity Research, in a recent note, highlighted key drivers that could ensure IHCL’s consistency in the next growth phase, particularly as the company refrains from setting new margin guidance.
IHCL unveiled the Ahvaan 2025 strategy in May 2022, setting goals for a portfolio of 300+ hotels, a 33% Ebitda margin, and contributions from new businesses and management fees to total Ebitda by 2025. The company has already surpassed the margin target,…













