| Revenue growth | Consolidated revenue up 5% YoY; Standalone up 3%. |
|---|---|
| Margins | Consolidated EBITDA margin contracted to 19.8% from 21.8%. |
| Demand visibility | Strong; Occupancy at 86.7%, up 130 bps YoY. |
| Management confidence | High on premiumization and upgrade momentum (+58% YoY). |
Growth
Standalone revenue grew 3.1% YoY to ₹423.5 Cr; consolidated EBITDA declined 4.8% YoY to ₹153.5 Cr.
Outlook
8 ongoing projects to add ~1k keys; overall land bank of ~500 acres for future development.
Risks
European subsidiary HCR remains loss-making (€5.1 Mn PAT loss); growth-linked costs and resort transformations impacting margins.
Last quarter's promises, checked
Delivered
- Guided 900 key additions in FY26 → delivered 900 keys (= BEAT)
- Guided 80%+ occupancy levels → delivered 86.7% (= BEAT)
- Guided double-digit resort revenue growth → delivered 10% (= BEAT)
Partly delivered
- Guided 1,000+ keys in F'27 → 8 projects ongoing for ~1k keys (= PARTIAL)
Missed
- Guided F'27 consolidated PAT growth → delivered ₹8.6 Cr loss (= MISS)
- Guided consolidated EBITDA margin stability → delivered 19.8% vs 21.8% (= MISS)
Investor Presentation filed with BSE, NSE: MHRIL. Summary written with AI assistance from the document.
Mahindra Holidays & Resorts India Ltd: key numbers
- Share price
- ₹194.57
- Market cap
- ₹3,932 Cr
- Revenue (annual)
- ₹2,992 Cr
- Net profit (annual)
- ₹69.51 Cr
- P/E (TTM)
- 74.2×Sector 43.2×
- Promoter holding
- 66.73%-0.01% QoQ
- FII holding
- 4.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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