INDHOTEL Q3 FY26 Guidance vs Delivery (INDHOTEL Management Mirror)

Revenue & Growth Outlook

Reaffirmed (Dec'25 Qtr): Management maintained expectations for double-digit revenue growth through FY26 and FY27. Specifically for Mar'26 Qtr, top-line growth is projected at 12-14%, driven by acquisitions (approx. 300 crore impact) and organic momentum.

Consistency: The double-digit growth guidance has been consistent across all three quarters (Jun'25, Sep'25, Dec'25), supported by structural tailwinds, MICE activity, and diplomatic visits.

Sequential Evolution: In Jun'25 Qtr, confidence was linked to MICE and diplomatic events. By Dec'25 Qtr, the guidance became more specific, incorporating contribution from recent acquisitions (A&K, Pride, Bridge, Atmantan) totaling 250-300 crore for FY27.