Latest news with #IndianHotels'
Yahoo
3 days ago
- Business
- Yahoo
BigBasket to launch 10-minute food delivery across India by March 2026, executive says
By Sai Ishwarbharath B and Praveen Paramasivam BENGALURU (Reuters) -India's BigBasket plans to roll out 10-minute food delivery services nationwide by the end of fiscal 2026 as competition intensifies in the $7.1 billion quick-commerce space, its executive told Reuters on Tuesday. The Tata-backed grocery giant will take on established players such as Swiggy's Snacc, Blinkit's Bistro and Zepto Cafe, which already deliver coffee and ready-to-eat snacks in less than 15 minutes. BigBasket is targeting customers of the existing food delivery firms such as Zomato and Swiggy while also unlocking a new pool of customers, co-founder Vipul Parekh told Reuters. It plans to use dark stores to fuel the service, Parekh added, extending its foothold in India's booming quick-commerce market, which Blume Venture's Indus Valley report calls the "fastest-growing industry segment ever." Dark stores are small warehouses in densely populated neighbourhood buildings, where delivery partners, typically two-wheeler riders, pick up groceries or food for delivery. BigBasket, which brought online grocery delivery service to India in 2011, aims to increase its dark store count from about 700 currently to 1,000-1,200 by the end of 2025. Following a pilot run that began a month ago in the southern city of Bengaluru, the food delivery service will now be expanded to 40 dark stores by July-end, Parekh said. Currently, about 5%-10% of BigBasket's customers who are offered the service are clubbing quick-food items with their normal online orders, but this is expected to grow further, he added. The menu will comprise items from coffee chain Starbucks and Indian Hotels' food arm Qmin, both part of the Tata group in India. No external restaurants will be partnered with, the firm said. Meanwhile, Parekh dismissed media reports of BigBasket seeking external investors for fundraising and reiterated the company's plan to go public within the next 18-24 months. "One of the advantages we have is, being a part of Tata Group, you have enough internal capital available."
Time of India
07-05-2025
- Business
- Time of India
Axis Securities retains Buy on Indian Hotels Company, lowers target price to Rs 900
Indian Hotels' key products/revenue segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2486.78 crore, down -4.05% from last quarter Total Income of Rs 2591.73 crore and up 27.43% from last year same quarter Total Income of Rs 1951.46 crore. The company has reported net profit after tax of Rs 540.01 crore in the latest quarter. The company's top management includes Mr.N Chandrasekaran, Chhatwal, Narayan, Ravichandar, Anantharaman, Munjee. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 142 crore shares outstanding. Live Events Investment Rationale Promoter/FII Holdings Promoters held 38.12 per cent stake in the company as of 31-Mar-2025, while FIIs owned 26.96 per cent, DIIs 18.89 per cent. Axis Securities has a Buy call on Indian Hotels Company with a revised target price of Rs 900 (earlier Rs 950). The current market price of Indian Hotels Company is Rs 738.15. Indian Hotels, incorporated in 1902, is a Mid Cap company with a market cap of Rs 107013.63 crore, operating in Tourism & Hospitality Hotels' key products/revenue segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2486.78 crore, down -4.05% from last quarter Total Income of Rs 2591.73 crore and up 27.43% from last year same quarter Total Income of Rs 1951.46 crore. The company has reported net profit after tax of Rs 540.01 crore in the latest company's top management includes Mr.N Chandrasekaran, Chhatwal, Narayan, Ravichandar, Anantharaman, Munjee. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 142 crore shares Securities believes the hospitality cycle has more momentum, and is likely to be driven by a relatively constrained supply of rooms and an increase in Foreign Tourist Arrivals (FTAs), which remain below pre-COVID levels (10.56 million in 2019 vs. 9.7 million in 20224). The increase in FTAs is expected to impact ARRs positively. Additionally, the steady rise of the Indian middle class and their increased spending power is projected to contribute an additional Rs 5,200 Cr annually to the hospitality market. Management guided double-digit growth in revenue while maintaining stability in margins. The current valuation is EV/EBITDA 33x for FY27E earnings and the current target price is Rs 900/share (Earlier: Rs 950/share). The brokerage has maintained its BUY recommendationPromoters held 38.12 per cent stake in the company as of 31-Mar-2025, while FIIs owned 26.96 per cent, DIIs 18.89 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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Business Standard
06-05-2025
- Business
- Business Standard
Rekha Jhunjhunwala portfolio stock: Indian Hotels drops 5% post Q4 results
Indian Hotels share price today Rekha Jhunjhunwala-owned stock, Indian Hotels Company, dropped as much as 5 per cent on the BSE in Tuesday's intraday trade after the hotel stock reported its March 2025 results. Indian Hotels Company share price slipped 4.9 per cent to hit an intraday low of ₹762.4 per share on the BSE. As many as 0.26 million shares have changed hands on the counter on the exchange, as against a two-week average of 0.098 million shares. Why are Indian Hotels shares down today? Indian Hotels shares fell in the stock market today after various brokerages said that the Jhunjhunwala portfolio stock has limited upside from here, given that most of the positives are priced in. Most brokerages have maintained their ratings and share price targets on Indian Hotels stock, despite the company posting strong results for Q4FY25, given the rich valuations. Indian Hotels Q4 results 2025 (Y-o-Y). This was led by growth in the Hotels segment (13 per cent Y-o-Y with 14 per cent rise in average room rate (ARR) and 15.5 per cent Revenue per available room (RevPAR)). Further, Indian Hotels posted a consolidated Ebitda and adjusted net profit growth of 30 per cent and 26 per cent Y-o-Y, respectively, at ₹860 crore and ₹520 crore. Indian Hotels' new business verticals, comprising Ginger, Qmin, and amã Stays & Trails grew 40 per cent Y-o-Y to ₹600 crore in FY25, while TajSATs posted 17 per cent Y-o-Y growth to ₹1,050 crore. Chambers reported revenue of ₹150 crore, up 25 per cent Y-o-Y. READ MORE Rekha Jhunjhunwala Portfolio Stock At the end of the March 2025 quarter, Rekha Jhunjhunwala, wife of late ace investor Rakesh Jhunjhunwala, owned 1 per cent stake in Indian Hotels Company. Indian Hotels stock analysis, price target Elara Capital sees 7% upside in Indian Hotels stock Indian Hotels has guided for ₹1,200 crore capex in FY26. Of this, 60–65 per cent will be allocated towards major renovations and digital upgrades, while the remainder will go towards greenfield developments. Moreover, the company has 15,900 keys in the managed hotel pipeline, of which 2,959 and 3,251 keys are likely to be opened in FY26 and FY27, respectively. The brokerage expects accelerated growth in management fee to continue as new hotel openings from management contract in FY26 and FY27 are tilted towards high-end brands such as Taj, SeleQtions and Vivanta. "We have reduced Indian Hotels' Ebitda estimates by 3 per cent each for FY26 and FY27 to factor in lower margin for Taj SATS, to realign our RevPAR growth assumption. We reiterate 'Accumulate' rating with a share price target of ₹861 (unchanged)," it said. Motilal Oswal maintains 'Buy' Indian Hotels has maintained its double-digit revenue guidance, supported by strong structural tailwinds in the industry, with demand consistently outpacing supply. Growth is further driven by rising Foreign Tourist Arrivals (FTAs), increased MICE activity, expanding leisure tourism, and Indian Hotels' robust development pipeline. "We expect Indian Hotels to continue its upward trajectory, with revenue/Ebitda/adjusted PAT CAGR of 16 per cent/22 per cent/22 per cent over FY25-27E. We broadly maintain our FY26/FY27 Ebitda estimates," it said with a share price target of ₹940. Nuvama Institutional Equities maintains 'Reduce' Based on the Q4 performance, the brokerage has tweaked FY26/27 revenue and Ebitda estimates by 1 per cent and 2 per cent each, respectively. The brokerage has maintained its share price target of ₹628 and a 'Reduce' rating on the stock as its valuation has "run up much ahead of earnings". YES Securities downgrades to 'Neutral' The management has maintained its revenue growth in FY26E, driven by ARR. Generally, ARR growth results in better flow through to Ebitda, compared to occupancy-led growth, which can drive margin expansion. For FY26, the management has guided for opening of 30 new properties, of which 3-4 properties will be owned. Total pipeline consists of ~19.5K keys, including ~15.9K managed keys. However, the near-term pipeline has been trimmed by ~925 keys, including ~250 owned keys, which can hamper near-term growth outlook. "We pencil in Revenue/PAT CAGR of 16 per cent/22 per cent over FY25-27E. We value Indian Hotels Company stock at a premium to peer set, at FY27E EV/Ebitda multiple of 28x. Despite these factors, upside seems limited at 4-5 per cent," it said with a downgrade to 'Neutral' and a target price of ₹835.
