Indian Hotels Company Limited is prioritizing the midscale segment, led by Ginger, aiming for over 250 hotels. IHCL plans significant capital expenditure in the coming years. Qmin’s success complements Ginger, while Amã Stays shows growth. Acquisition strategies focus on scaling up and rebranding opportunities. The hospitality sector is expected to grow, with demand outpacing supply.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires