Kamat Hotels

Kamat Hotels - Strong Outlook* Owns Strong Brand of Hotels & Restaurants ▪The Orchid ▪The Heritage Collection ▪Lotus Eco Beach Resorts ▪Vithal Kamat Original Family Restaurants H1FY23 Performance ▪Revenue at 132cr vs 47cr YoY ▪PAT of 14cr vs -21cr YoY ▪EPS of 5.91 vs -8.97 *Estimates* 👉We estimate H2 PAT to be 30cr *Future Outlook* 👉Room tariffs are likely to remain high going forward, with a demand-supply mismatch continuing in the hospitality sector 👉Occupancies & Room Rates continue to remain Strong even after Holiday seasons 👉RevPAR for industry continues to grow YoY 👉Uptick in Leisure Travel continues Post Covid 👉The industry is now thriving on domestic demand and gradual increase in international travel is expected to add further growth to it 👉Demand Supply mismatch will drive ARR & RevPAR even higher *After 2 Years of Drubbing due to Covid, the Post Covid Era provides an Excellent Opportunity for the Hotel Industry given the Tailwinds*