Leela Palaces Hotels & Resorts Ltd. closed Thursday at ₹606, up 2.5%, after Jefferies raised its target to ₹735, a 24% upside from the last close.
Jefferies cites a 30% revenue per available room (RevPAR) jump, driven entirely by a rise in average room rate, as the core of the Q2 lift. The firm also notes strong domestic travel tailwinds and a surge in MICE demand, framing Leela as a resilient luxury play.
Management has bumped FY27 guidance to high‑teens earnings before interest, taxes, depreciation and amortization (EBITDA), implying a mid‑20% EBITDA hike for the year. Jefferies now projects a 21‑23% compounded annual growth rate for revenue, EBITDA and PAT through 2029.
Nomura keeps a buy rating with a ₹650 target, offering a 10% upside. It has raised FY27 and FY28 EPS estimates by 3% and 5% respectively. Across 21 analysts, the consensus remains bullish.
The stock has gained 40% over six months, reflecting sustained confidence. With the latest target hike and upgraded guidance, investors are eyeing further upside as Leela positions itself for a robust FY27.