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🚨 Big News from ITC! 🚨 ITC is reshaping the future of its hospitality business! 💼 Stake Acquisitions ITC now holds 16.13% in EIH (Oberoi & Trident) and 8.11% in HLV (Leela Mumbai) after acquiring stakes worth ₹111 crore. These strategic moves come right before the hotels business demerger in January 2025. 🌟 What’s Changing? A new entity, ITC Hotels Ltd, will take charge of ITC’s premium hospitality brands. ITC shareholders will directly own 60% of ITC Hotels, while 40% stays with ITC. The demerger enables ITC Hotels to unlock greater potential for growth and innovation. 🏨 ITC Hotels: With over 140 luxury hotels across 90+ locations, ITC Hotels has been synonymous with premium Indian hospitality since 1975. 💡 What are your thoughts on this move? 👉 Will this strategy help ITC Hotels thrive independently? 👉 Which ITC hotel is your favorite? Drop your thoughts in the comments! Let's discuss! Thanks to Equivaluesearch Follow your man Somesh Gaikwad for more valuable content. #ITC #Hospitality #BusinessGrowth #Hotels #Innovation

The demerger of the FMCG giant's hotel business🏨 section was authorized by ITC shareholders at their meeting on Thursday, June 6. This has made it possible for ITC Hotels to list. Up to 99.6% of shareholders voted in favor of the change, exceeding the three-fourths majority required by regulation. As ITC maintains a 40% stake in the hotel sector, along with its current 13.69% ownership in East India Hotels and 7.58% equity in Hotel Leela Venture, the deal does not fully divest ITC's shareholders👨🏼💼 from the hotel industry, according to IiAS in a shareholder communication. This deal partially releases value, to the extent of 60%, but it's expected that ITC will continue to offer financial backing to the hotel sector as a promoter.💰 ITC's core consumer staples business accounted for 71% of its topline in fiscal year 2024, with the hotels division contributing only 4% of total revenue. Established in 1975, ITC Hotels is the leading chain of luxury hotels in India, with more than 📍70 locations and over 120 properties. How many ITC shares do you hold? #itc #hotel #fmcg #demerger #investment #trading

💼 ITC Limited Strengthens Hospitality Portfolio with Stake Increases in The Oberoi Group & The Leela Mumbai! As ITC prepares for the January 1, 2025, demerger of its hotel business, the company has strategically increased its stakes in two key hospitality giants: EIH Ltd (Oberoi Group): From 13.69% to 16.13% HLV Ltd (The Leela Mumbai): From 7.58% to 8.11% 📈 The Details: ITC acquired: 1,52,32,129 equity shares in EIH Ltd, boosting its presence in the luxury segment. 34,60,829 equity shares in HLV Ltd, fortifying its relationship with The Leela Mumbai. 🗨️ What This Means: This strategic move comes ahead of ITC’s much-anticipated demerger of ITC Hotels, signaling a focused approach to enhance value for stakeholders while cementing its leadership in premium and luxury hospitality. 📌 Key Insight: "The increased stake positions ITC as a formidable player in the Indian hospitality space, fostering growth and partnerships with iconic brands like Oberoi Hotels and The Leela Mumbai." 🔗 Insert article link: https://lnkd.in/gh2xE7UR 👉 Follow Hospitalitynews India for the latest updates on hospitality industry moves and trends! Author: Nishang Narayan #ITC #OberoiHotels #TheLeelaMumbai #HospitalityNewsIndia #LuxuryHospitality #HotelBusinessDemerger

Indian Hotels (IHCL) shares hit a new all-time high of Rs 768.5 after Jefferies raised its target price to Rs 900, signalling a 20% upside. With a 75% rally this year, IHCL aims for strong growth, planning to open one new hotel per week through FY30. . . . . #marketwithfinogent #newswithfinogent

The The Indian Hotels Company Limited (IHCL) has announced its 𝗤2 𝗙𝗬2024 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗿𝗲𝘀𝘂𝗹𝘁𝘀, showcasing remarkable growth and resilience in the hospitality sector. The company reported a 𝗻𝗲𝘁 𝗽𝗿𝗼𝗳𝗶𝘁 𝗼𝗳 ₹582.71 𝗰𝗿𝗼𝗿𝗲, marking a more than threefold increase from the previous year. Key highlights include: 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗚𝗿𝗼𝘄𝘁𝗵: A 28% year-over-year increase, reflecting a strong revival in demand. 𝗘𝗕𝗜𝗧𝗗𝗔 𝗠𝗮𝗿𝗴𝗶𝗻: Achieved a record 29.9%, underscoring operational efficiency. 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻: IHCL's portfolio now encompasses 350 hotels, including recent acquisitions, reinforcing its position as a leader in the hospitality industry. Puneet Chhatwal, Managing Director & CEO of IHCL, stated, "The second quarter witnessed a strong revival of demand resulting in overall revenue growth of 28 per cent and 16 per cent growth for the hotel segment, marking the best ever Q2 Consolidated EBITDA margin at 29.9 per cent." These results highlight IHCL's strategic vision and adaptability in a dynamic market, setting new benchmarks in the hospitality sector. #IHCLFinancialReport #IHCLFY2024 #Q2Report #IHCL #WorldsStrongestHotelBrand #TajHotel #Tajness #IndiaStrongestBrand #TreasuresOfTaj #SOHmagazine #hospitalitymagazine #LuxuryHospitality #LuxuryHotel

The Leela Hotels #IPO valued at $2.5 billion in dramatic turnaround Brookfield acquired assets of the luxury chain in 2019 in bankruptcy proceedings for ₹3,950 crore The Leela Palaces, Hotels and Resorts will seek a valuation of at least $2.5 billion (approximately ₹21,000 crore) in a public listing likely in nine months, two people familiar with its plans said, in a remarkable turnaround for the luxury chain that changed hands under crushing debt and defaults five years ago.Promoter Brookfield has tapped JM Financial and Bank of America to be investment bankers, the people said on condition of anonymity, adding the Canadian investor plans to sell 15% to the public initially, and another 10% over the next three years..... https://bit.ly/4bIFbSp #LeetaHolels #LeelaIPO #India #Business #Hospitality #Hotels Via www.livemint.com

Indian Hotels Co. Q2 FY25 Net Profit Surges 226%, Beating Analysts' Estimates. The Indian Hotels Company Ltd. (IHCL), operator of the Taj brand, reported a significant surge in Q2 FY25 profits, with net profit tripling to ₹582.7 crore, far exceeding the estimated ₹248 crore. Revenue rose 27% to ₹1,826.1 crore, while EBITDA grew 41% to ₹501.3 crore, expanding margins to 27.5%. Key highlights include a strong international portfolio with 75% occupancy, a 19% revenue increase in TajSATS, and a 42% growth in new businesses like Ginger and Qmin. CEO Puneet Chhatwal reaffirmed double-digit revenue growth guidance for FY2025, driven by aggressive expansion, including 42 hotel signings this year. Despite strong results, IHCL shares closed slightly lower at ₹683.80 on the NSE. The company's focus on portfolio growth and diversification positions it well for sustained leadership in the hospitality sector. Full Article: https://lnkd.in/dVW_sVCx #FinanceFriday #WealthWisdom #MoneyMatters #SmartInvesting #FinancialFreedom #MarketInsights #Investing101 #EconUpdate #WealthBuilding #FinanceFacts #MoneyMoves #StockWatch #FinTipOfTheDay #PersonalFinance #CryptoCorner #FinancialFitness #InvestmentHacks #DailyFinance #MarketTrends #WealthCreation

Indian Hotels Co Limited (IHCL) shares surged over 4% today, hitting a record high of ₹796. This marked the second consecutive session of gains, fueled by Jefferies’ upward revision of the stock's target price to ₹900, reflecting a potential 20% upside from the previous close of ₹754. With an impressive 75% rally this year, IHCL has solidified its position as a top-performing stock. 📈 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐬: 👉 Q2 FY25 revenue grew 28% YoY to ₹1,890 crore, with EBITDA up 40% to ₹565 crore, improving the margin to 29.9%. 👉 PAT surged 232% to ₹555 crore, boosted by the consolidation of TajSATS. Even without this, revenue rose 16% and PAT increased 48%. 👉 H1 FY25 consolidated revenue rose 16% to ₹3,486 crore, EBITDA grew 23% to ₹1,061 crore, and PAT doubled to ₹803 crore, supported by a ₹307 crore exceptional gain. 🏨 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐆𝐫𝐨𝐰𝐭𝐡 𝐕𝐢𝐬𝐢𝐨𝐧: IHCL aims to open one new hotel every week through FY30, expanding its robust portfolio of 350 properties. Key highlights include: 👉 42 new signings in FY24, including 12 Taj properties. 👉 Expansion into Bahrain and Thimphu. 👉 Acquisition of Tree of Life and future management of Delhi’s iconic Claridges hotel. 💼 𝐃𝐞𝐦𝐚𝐧𝐝 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 & 𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬: With October 2024 hotel revenue up 16.5% and a strong growth outlook, IHCL’s strategic execution and market resilience continue to drive its exceptional performance. As IHCL powers ahead with its ambitious roadmap, it stands as a testament to the growing potential of India’s hospitality sector. Investors and industry watchers alike will undoubtedly keep a close eye on this success story. Follow AC Agarwal for more market updates!

HSBC India and Taj Hotels just launched India’s first ever premium co-branded hospitality credit card: HSBC Taj Credit Card. Just like the brands, the launch was also all about the finer things. From taking over the Gateway of India, to having Gauri Khan and Ananya Panday and even curating some bespoke experiences, the launch had it all. Here’s a look! HSBC | Taj Hotels | The Indian Hotels Company Limited (IHCL) #Collab #TheRarestKey #HSBCIndia #OpeningUpAWorldOfOpportunity #TajHotels #HSBCTajCreditCard

The stock market is experiencing a record surge, leading many companies to pursue initial public offerings (IPOs). Following recent successful IPOs in the renewable and non-banking sectors, hotel chain Schloss Bangalore is preparing for its own offering. Schloss Bangalore, which operates the Leela Palaces, Hotels, and Resorts, has submitted a draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The company aims to raise approximately Rs 5,000 crore, potentially making it the largest IPO in the Indian hotel sector. The offering includes new shares worth Rs 3,000 crore, while shareholder Project Ballet Bangalore Holdings, an affiliate of Brookfield Asset Management, is selling shares worth Rs 2,000 crore. Brookfield, which acquired four Leela Palace properties for Rs 3,950 crore in March 2019, currently operates 12 hotels across 10 Indian cities and plans to open eight more by 2028. Follow for more Email info@biztrademart.com to grow your business Check out the latest post to become a Channel Partner #SchlossBangalore #IPO #IndianStockMarket #LeelaPalaces #HotelIndustry #InvestmentOpportunities #SecuritiesAndExchangeBoard #BrookfieldAssetManagement #RecordSurge #BusinessGrowth #HospitalitySector #MarketTrends #PublicOffering #FinancialNews #HotelExpansion #NewInvestments #CorporateFinance #StockMarketNews #EconomicGrowth #IndiaHotels