The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated financials for the second quarter and half year ending September 30, 2026. This marks the eighteenth consecutive record quarter with a consolidated revenue of INR 2,566 crores, up 21% over the previous year. The Indian Hotels Company Limited INDHOTEL’s scalable and diversified operating model enabled robust growth while preserving margin strength. The operating revenue and operating EBITDA grew by 22% and 24% respectively with a margin expansion of 50 basis points.

Revenue and Profit Growth

For the quarter, EBITDA stood at INR 788 crores with EBITDA margin at 30.7% and PAT of INR 349 crores, up 23%. The revenue drivers were a 25% increase in RevPAR from domestic same store hotels, a 25% increase in management fee income led by new openings momentum, a 25% revenue growth in Select Service Business, and the contribution from recent acquisitions of Brij and Atmantan.

Portfolio and Future Guidance

Building on its first-half performance, IHCL is upgrading its consolidated revenue guidance from 12-14% to 15-17% growth for FY2027, led by 17-19% hotel segment revenue with seasonally strong quarters ahead, high demand from social and MICE events, and strong non-like-for-like growth. With 47 signings in the first half, IHCL today is a portfolio of 670 hotels and is set to achieve its guidance under Accelerate 2030 of a 700-hotel portfolio well ahead of time.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of The Indian Hotels Company Limited

The Indian Hotels Company Limited belongs to the Consumer Cyclical › Lodging sector. Here’s a quick read on where the business and the stock stand today.

The holds in the upper half of its 52-week range, a sign the market backs the stock. Premium net margins of 20.9% demonstrate strong cost discipline and a wide competitive moat. The business compounds revenue at 18.6% and profits at 27.6% CAGR. That is strong double-digit growth on both counts. Buyers show up with 2.0x the volume of sellers. Moreover, they dominated on 17 of recent sessions versus 13 for sellers — a healthy accumulation pattern. The business grows revenue at 18.6% and profits at 27.6%, with D/E of 0.25. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 1.86 premium is usually justified. Check Fundamentals of The Indian Hotels Company Limited.

Mahindra Holidays & Resorts India Limited (MHRIL) announced its standalone and consolidated financials for the quarter ending 30th September 2026. The company reported a consolidated PAT up 17% year-on-year, reflecting robust financial performance.

Sales and Revenue Growth

The growth in sales continued at Rs 141 Cr (+6% YoY). Resort revenue saw double-digit growth, reaching Rs 96 Cr (+15% YoY) with occupancy at 75.6% (+220 bps YoY). Average unit realization (AUR) including upgrades stood at Rs 13.4L (+43% YoY).

Membership and Expansion

Membership upgrades of Rs 83 Cr (+26% YoY) further bolstered the company’s growth. The company completed expansions at two resorts and transformed two existing properties, while exiting select resorts based on guest feedback and ratings. Five additional resort transformations are underway.

Future Outlook

MHRIL expects to add approximately 1,000 keys over the next two quarters and has a development pipeline that supports the goal of 10,000 keys by FY30. The company remains focused on responsible growth, sustainable operations, and long-term value creation.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Mahindra Holidays & Resorts India Limited

Mahindra Holidays & Resorts India Limited belongs to the Consumer Cyclical › Resorts & Casinos sector. Here’s a quick read on where the business and the stock stand today.

Mahindra falls 10.4% over three months and has not found a floor yet. D/E reaches 4.41. High leverage in this environment is a material risk the market cannot ignore. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gains 3.9% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 5.9% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Mahindra Holidays & Resorts India Limited.

Vishal Mega Mart Limited (NSE: VMM), a leading retail player in apparel, general merchandise, and FMCG categories, announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a revenue from operations of ₹3,398.5 crores, marking a year-on-year growth of 14.0%. The Same Store Sales Growth (SSSG) stood at 5.4%, impacted by the shift in festive demand to Q3.

Financial Highlights for Q2FY27

The consolidated financial highlights for Q2FY27 include:

• Revenue from operations at ₹3,398.5 crores, up 14.0% YoY
• SSSG at 5.4%, adjusted to about 9% post festive shift impact
• Operating EBITDA at ₹262.2 crores, up 3.7% YoY
• Adjusted PAT at ₹172.0 crores, up 6.4% YoY
• 26 gross and 25 net stores added

Financial Highlights for H1FY27

For the half year, the consolidated financial highlights are:

• Revenue from operations at ₹7,125.5 crores, up 16.4% YoY
• SSSG at 7.7%, adjusted to about 9.5% post festive shift impact
• Operating EBITDA at ₹649.2 crores, up 12.5% YoY
• Adjusted PAT at ₹436.7 crores, up 15.8% YoY
• 53 gross and 49 net stores added

Commenting on the results, Mr. Gunender Kapur, Founder, CEO, and Managing Director, said: “We delivered another strong quarter, supported by the strength of our own-brand offerings, our customer-first approach, and disciplined execution. Demand conditions remained steady despite renewed inflationary pressures across key raw material categories and an uneven monsoon. Our differentiated merchandise, compelling price positioning, and deep understanding of customer needs continued to resonate with shoppers, reinforcing the resilience of our business.”

Looking ahead, Vishal Mega Mart Limited remains focused on capturing growth opportunities while staying agile in an evolving geopolitical and inflationary environment. By strengthening our merchandise offering, enhancing supply chain efficiency, and maintaining disciplined cost management, we aim to continue delivering compelling customer value and sustainable, profitable growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Vishal Mega Mart Limited

Vishal Mega Mart Limited belongs to the Consumer Cyclical › Department Stores sector. Here’s a quick read on where the business and the stock stand today.

Vishal falls 13.0% over three months and has not found a floor yet. Thin margins at 6.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The business compounds revenue at 19.4% and profits at 37.7% CAGR. That is strong double-digit growth on both counts. The stock sits at 2% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 19.4% and profits at 37.7% CAGR, with D/E of 0.00. Meanwhile, the stock dips 13.0% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Vishal Mega Mart Limited.