Goldman Sachs has maintained its buy rating on InterGlobe Aviation (IndiGo) with a target price of ₹6,000, citing management’s positive long-term outlook on demand and fleet expansion. The company is actively adding new aircraft and routes, with a strong emphasis on international expansion to capture market share.
While management acknowledged that international yields could soften due to increased supply, it stressed that disciplined execution and new market entries should support growth. Goldman Sachs expects these initiatives to collectively drive an EBITDA margin of 25.8% and an earnings per share compound annual growth rate of 10% between FY26 and FY28.
The brokerage said IndiGo’s scale, operational efficiency, and balance sheet strength position it well to consolidate its leadership in the Indian aviation sector, even as industry profitability remains sensitive to pricing discipline.
Disclaimer: The views and recommendations made in this article are those of Goldman Sachs. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
