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Q2 profit up 226% YoY but traditionally H2 is much stronger; IHCL should do better than last year: Puneet Chhatwal
Tata-backed Indian Hotels Company (IHCL) reported a profit surge of 226% year-on-year, reaching Rs 583 crore in the second quarter. MD & CEO, Puneet Chhatwal, attributes the success to India's economic growth and the company's strategic expansion. Despite slowdowns in other sectors, IHCL benefited from a strong domestic travel demand and a resurgence in international tourism.
