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TajGVK Hotels initiated at Buy with ₹475 target; Bengaluru opening, Santacruz seen driving ~26% revenue CAGR

A broker initiated coverage on TajGVK Hotels & Resorts with a Buy rating and ₹475 target, expecting revenue to grow at about 26.4 per cent CAGR over FY26-29E, aided by a Bengaluru hotel in H2FY27e and Taj Santacruz consolidation.

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The numbers

Figures from The Hindu BusinessLine,

Current market price: ₹319.55
EBITDA CAGR FY26-29E: around 26.6 per cent

Why it matters to operators and investors

The broker's Buy and ₹475 target imply 48.6% upside from ₹319.55, built on about 26.4% revenue and 26.6% EBITDA CAGRs over FY26-29E, but this is a single initiation and depends on the Bengaluru opening landing on schedule and Santacruz consolidating as modeled.

What to watch next

  • Quarterly results showing Santacruz consolidated into revenue and EBITDA
  • Any company update confirming or moving the H2FY27 Bengaluru opening date
  • Share price against ₹319.55 and progress toward the ₹475 target
  • Further broker initiations or target changes on TajGVK
  • Reported revenue and EBITDA growth tracking the ~26% annual pace

The source

Source Read the source at The Hindu BusinessLine

Published

Also reported by Mint

First seen

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