IHCL is well positioned to drive the uptrend in the sector With its strong heritage, strong brand image, presence in all categories and further strengthening balance sheet.
IHCL sales nearly tripled in the Q2FY22 compared to the prior year.
Relaxation of restrictions, a better vaccination rate and a huge repressed demand (revenge trips) led to a strong development of sales. IHCL reached approximately 75 percent of pre-COVID sales (Q2GY20) on a consolidated basis, indicating a strong recovery.
The domestic market performed better with IHCL achieving 86 percent of pre-COVID sales in the Q2FY22. Performance also improved in international markets, with IHCL reaching 62 percent of pre-COVID sales.