Goldman Sachs keeps Buy rating on Indian Hotels stock at INR 870.00

Published on 10/20/2026 at 00:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached INR 23.39 billion in the quarter ended June 30, 2026, up from INR 21.02 billion. Results for Indian Hotels stock are due October 21, 2026.

Analyst view and expansion metrics

Goldman Sachs reiterated its Buy rating and set an INR 870.00 target on October 16, 2026.
Revenue reached INR 23.39 billion in the quarter ended June 30, 2026, versus INR 21.02 billion a year earlier.
Indian Hotels reported 670 hotels, 47 signings and 20 openings for the first half of fiscal year 2027 as of September 30, 2026.

Indian Hotels, INE053A01029, Illustration mit AI erstellt.

Indian Hotels (ISIN INE053A01029) was assigned an INR 870.00 price target as Goldman Sachs reiterated its Buy rating on October 16, 2026, according to Markets Insider. The call comes before Indian Hotels discusses its second-quarter results on October 21, 2026.

Revenue remains the key measure

For the quarter ended June 30, 2026, revenue was INR 23.39 billion and net profit was INR 3.58 billion. The comparable figures a year earlier were INR 21.02 billion of revenue and INR 2.96 billion of net profit, according to Markets Insider. The comparison gives the analyst target a more demanding test: hotel expansion must translate into sustained earnings growth.

Chief Executive Puneet Chhatwal said on October 12, 2026, that Indian Hotels continues to target 12-14 percent revenue growth, while growth above 15 percent remains achievable, according to CNBC TV18. That outlook places the focus on the next reported quarter rather than on the rating alone.

Three milestones shape the story

On August 24, 2026, Indian Hotels approved a proposed Oriental Hotels merger using a 25:117 share exchange ratio, according to StockFin. On October 9, 2026, CARE Ratings upgraded long-term bank facilities from CARE AA+; Stable to CARE AAA; Stable, as reported by StockFin. On October 16, 2026, Goldman Sachs reiterated its Buy rating and set the INR 870.00 target, according to Markets Insider.

What dates matter next?

The board is scheduled to consider the quarter and half-year results on October 21, 2026, according to Sharpely. The company has also scheduled an analyst and investor conference call for October 21, 2026, according to StockFin. Together, the two events should provide the next quantified update on demand, margins and expansion.

Portfolio reaches 670 hotels

Indian Hotels reported 47 signings and 20 openings in the first half of fiscal year 2027, taking its portfolio to 670 hotels as of September 30, 2026, according to StockFin. For investors, the key question is whether this expansion can lift the INR 23.39 billion quarterly revenue base while supporting the INR 870.00 target.