New Delhi : Mahindra Holidays & Resorts India Ltd. (‘Company’), India’s leading leisure hospitality provider, reported its standalone and consolidated financials for the quarter ending 30th June 2026.
Highlights
- Sales value incl. upgrades at Rs 154 Cr (+22% YoY)
- Average Unit Realisation (AUR) incl. upgrades at Rs 14.4L (+ 73% YoY)
- Membership upgrades of Rs 89 Cr (+58% YoY)
- Double digit growth in resort revenue, Rs 126 Cr (+10% YoY), occupancy at 86.7%
- Deferred Revenue stands at Rs. 5,825 Cr and Cash at Rs. 1420 Cr as on 30th June’26
- Ongoing transformation of 7 existing resorts & 15 partner resorts exited based on feedback/rating
- Inventory portfolio of 5865 keys across 111 resorts
- Cumulative member base at 3,03,153
| MHRIL Standalone | |||||||||
| Particulars (In Rs Cr) | Q1 FY27 | Q1 FY26 | |||||||
| Total Income | 423.5 | 410.6 | |||||||
| EBITDA | 141.6 | 160.9 | |||||||
| PBT | 72.9 | 102.7 | |||||||
| PAT | 54.3 | 76.2 | |||||||
| MHRIL Consolidated | |||||||||
| Particulars (In Rs Cr) | Q1 FY27 | Q1 FY26 | |||||||
| Total Income | 773.5 | 740.2 | |||||||
| EBITDA | 153.6 | 161.2 | |||||||
| PBT | -3.2 | 26.3 | |||||||
| PAT | -8.6 | 7.2 | |||||||
Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., said, “During the quarter, our new product, KEYSTONE, gained momentum and contributed to a 22% year-on-year growth in sales value, led by premiumisation and upgrades. Our resort business continued to deliver double-digit revenue growth, supported by healthy occupancy levels.
We remain focused on enhancing the quality of our resort network through the ongoing transformation of existing resorts and the accelerated rationalisation of select properties during the quarter, based on guest feedback and ratings. While certain inventory addition projects were impacted by supply chain disruptions, material availability challenges and labour shortages, we remain on track to add approximately 1,000 keys during the year and have clear visibility towards achieving our target of 10,000 keys by FY30.
Profitability in our India business was impacted by growth-related costs, while our international operations continued to face headwinds from geopolitical uncertainties and a slowdown in the Finnish economy during the quarter. At a consolidated level, revenue grew by 5% year-on-year.”