Hotel stocks to check-in | Why buy Leela, Lemon Tree, ITC Hotels ahead of Diwali, holiday season? JM Financial explains
ITC is in focus in a quarterly results development for Q2 FY27.
· LiveMint Markets
JM Financial expects hotel-sector RevPAR to grow 12–13% year-on-year in Q2 FY27, supported by leisure, corporate and event demand.
Key facts
- Period
- Q2 FY27
The analysis
ITC reported movement of 13% and 16% for Q2 FY27. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -3.8% on the day at ₹255.50, and has returned -9.4% over three months. It sits 39% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -4.2% over the same period, so ITC is running 5.2 points behind its peers.
With ITC, ITC Hotels and JM Financial all implicated, this reads as a FMCG-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- It touches several names at once (ITC, ITCHOTELS, JMFINANCIL), which points to a sector-level rather than company-specific driver.
- Sector exposure: FMCG, Hotels & Restaurants, Capital Markets.
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