Sharekhan's research report on Indian Hotels Company: Indian Hotels Company Ltd’s (IHCL’s) Q2FY2025 performance on like-for-like (LFL) basis was strong despite a lean season with hotel business revenues growing by 16% y-o-y and EBIDTA growing by 30% y-o-y. Consolidated (including Taj SATS) revenues/EBIDTA grew by 27%/41% y-o-y, respectively.