BUZZ - Goldman Sachs predicts that despite the pressure from fuel costs, IndiGo's profit will recover in fiscal year 2028.

September 29 - ** Goldman Sachs maintains its "Buy" rating on India's InterGlobe Aviation (INGL.NS) with a target price of 5,900 rupees, representing about 21% upside from Monday's closing price

** The broker expects high fuel costs to weigh on near-term profitability, but as fuel prices ease and elevated airfare prices remain resilient, profitability is expected to improve significantly in FY28

** Lowers FY2027/FY2028/FY2029 EBITDA forecasts by approximately 3%/0%/1% respectively

** The broker notes that its fare tracking data shows domestic airfares in Q2 FY27 rose about 29% year-on-year, despite weak passenger volumes; Q2 revenue is expected to grow by about 25%, mainly driven by fare increases

** The average rating from 24 analysts is "Buy"; the median target price is 5,800 rupees, according to LSEG data
** INGL share price fell 0.29% on the day to 4,860 rupees

** The share price has fallen by a cumulative 3.92% so far this year

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