Motilal Oswal issued a buy rating for Ventive Hospitality with a target price of Rs 700. The firm reported 11% EBITDA growth to INR 2.1b in 2QFY27. Strong demand in India and the Maldives helped results. Analysts expect steady growth through 2028, driven by luxury hotel supply and office expansions.
Motilal Oswal's research report on Ventive Hospitality Ventive Hospitality reported EBITDA growth of 11% YoY to INR2.1b in2QFY27, led by 5%/22% YoY growth in India/International business EBITDA.Annuity business EBITDA grew 5% to INR1.2b. India hospitality business is expected to be driven by steady MICE activity,global capability center-led office expansions, and limited new luxury hotelsupply in Pune. As per management guidance, Maldives business is likely towitness mid-teen growth in revenue and EBITDA in 2H as high diesel pricesease, led by resilient international demand and global connectivity.
Outlook Based on pro forma financials, we model a CAGR of 15%/14%/15% in revenue/ EBITDA/adj. PAT over FY26-28E. We largely retain our FY27/28 EBITDA estimates and reiterate our BUY rating with a TP of INR700 (based on FY28E SOTP). For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Ventive Hospitality_04112026_Motilal Oswal