Guidance ledger · Q4 FY26

Indian Hotels Company Ltd INDHOTEL

3 revisions on record · 1 lowered · 1 raised — the strikethrough is what management used to say

directional guidance only · held across quarters

Holding view → · latest concall · The pulse

↑ raised Capital-light portfolio mix target Q2 FY26 → Q4 FY26

~~63% capital-light~~ → moving towards 70%

“if it is mov ing towards 70% on a larger portfolio, we are obviously”

→ narrowed FY27 topline growth outlook Q3 FY26 → Q4 FY26

~~12% to 14% in Q4 as a topline growth~~ → 12% to 14% in the FY '27 fiscal

“we will again deliver double -digit growth between 12%, let's say, and 14% in the FY '27 fiscal”

↓ lowered FY26 CAPEX outlook Q1 FY26 → Q3 FY26

~~INR 1,200 crores+~~ → approximately INR 1,000 crores

“approximately INR 1,000 crores in CAPEX”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.