Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of the Mahindra Group offers family holidays primarily through vacation ownership memberships. Started in 1996, the company’s flagship brand ‘Club Mahindra’ has over 250,000 members. The Company is the largest Vacation Ownership company outside the US and is 6th largest globally
Q2 FY26 Earnings Results:
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Consolidated Total Income: ₹717 crore, up 6.8% YoY.
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Consolidated EBITDA: ₹184.9 crore, increased 16.4% YoY.
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Consolidated Profit After Tax (PAT): ₹16.9 crore, surged 47% YoY.
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Standalone Total Income: ₹380.7 crore, up 2.6% YoY; EBITDA: ₹140.5 crore, up 17.6% YoY.
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Standalone PAT: ₹51.7 crore, grew 9.8% YoY.
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Resort revenue grew 8% YoY to ₹84 crore with 73.4% occupancy.
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Membership base increased to 304,000, with Average Unit Realisation (AUR) up 85% YoY to ₹9.30 lakh.
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Added a new resort in Mahabaleshwar and expanded four existing resorts, total inventory at 5,742 keys across 118 resorts.
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Cash position strengthened by 45% to ₹1,532 crore.
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EBITDA margins showed improvement; management focused on digital-led growth and premiumization.
Management Commentary & Strategic Insights:
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Management highlighted robust operational performance and resilient domestic business with positive outlook despite European economic headwinds.
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Strategy focuses on premiumization, efficient operations, guest experience enhancement, and digital initiatives.
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Anticipates adding 1,000 new rooms in FY26, with majority growth expected in H2 FY26.
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Continued strong cash flows and deferred revenue indicate healthy membership engagement and future revenues.
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Challenges from European currency fluctuations and travel slowdowns are being managed actively.
Q1 FY26 Earnings Results:
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Consolidated Total Income: ₹701 crore, up 7.4% YoY.
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Consolidated PAT: ₹7.2 crore, up 17.9% YoY.
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Standalone PAT: ₹7.82 crore, up 69% YoY with solid operational performance.
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Resort occupancy at 85.4%, room inventory expanded by 10%.
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Membership sales value at ₹127 crore in Q1 FY26.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.