| Management target | Revenue FY30 |
|---|
| Revenue growth | 4% Standalone growth YoY; resort revenue grew 15%. |
|---|---|
| Margins | Pressure from inventory renovations and growth-linked investments. |
| Demand visibility | Strong; resort occupancy rose 220 bps to 75.6%. |
| Management confidence | Confident in execution of inventory targets and premium product traction. |
Growth
Standalone revenue grew 4% YoY; resort revenue up 15%. Member upgrades grew 26%, driving higher realization.
Outlook
Targeting 1,000 new keys in the next six months and 10,000 keys by FY30.
Risks
Margins impacted by 442 keys offline for renovation and higher marketing/growth-linked costs.
Last quarter's promises, checked
Delivered
- Targeted 1,000 keys (FY27 gross) → On track with 1,000+ pipeline (= BEAT)
- Guided 2,000-2,500 upgrades/qtr → On track (~2,000-2,500 achieved) (= BEAT)
- Targeted Ivory 10-year product mix >40% → Achieved >40% (= BEAT)
Partly delivered
- Exit 300 keys (Q1) → Exited >300 but total annual exit target is 600-700 (= PARTIAL)
- Profitability recovery → Standalone PAT ₹54Cr vs ₹55Cr Q4 (excluding impairment) (= PARTIAL)
Missed
- Implied 17-18% revenue CAGR FY25-30 → Current growth 3-5% (= MISS)
- Targeted inventory addition in Q1 → Additions moved to Q2 due to constraints (= MISS)
Earnings Call Transcript filed with NSE, NSE: MHRIL. Summary written with AI assistance from the document.
Mahindra Holidays & Resorts India Ltd: key numbers
- Share price
- ₹183.10
- Market cap
- ₹3,700 Cr
- Revenue (annual)
- ₹2,992 Cr
- Net profit (annual)
- ₹69.51 Cr
- P/E (TTM)
- 67.2×Sector 43.7×
- Promoter holding
- 66.73%+0.00% QoQ
- FII holding
- 3.41%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Mahindra Holidays & Resorts India Ltd
All →Mahindra Holidays & Resorts India Investor Presentation: Key Takeaways
MHRIL reports Q2 FY27 standalone income growth of 4% YoY but EBITDA/PAT fell 12%/16% due to growth-linked costs. Consolidated income rose 9% YoY driven by resort revenue and Holiday Club Resorts performance.
Mahindra Holidays & Resorts India Results Update
MHRIL reported Q2 FY27 consolidated PAT of ₹19.7 Cr, up 17% YoY. Sales rose 6% to ₹141 Cr and resort revenue grew 15% to ₹96 Cr.
Mahindra Holidays & Resorts India Q2 FY27 Results: Net Profit ₹19.7 Cr, Up 16.6% YoY
Mahindra Holidays & Resorts India Ltd reported revenue from operations of ₹784.1 Cr (+9.3% YoY) and net profit of ₹19.7 Cr (+16.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹19.7 Cr · +16.6% YoY
Mahindra Holidays & Resorts India Other Announcement
The filing contains the company's quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.
Mahindra Holidays & Resorts India Management Change
Mahindra Holidays & Resorts India Limited announced the resignation of Mr. Rohit Malik, Chief – Strategic Initiatives, effective from the close of business hours on 31st October 2026.
Mahindra Holidays & Resorts India Other Announcement
Designated person Manoj Bhat acquired 15,113 equity shares of the company through an ESOP. This filing is a regulatory disclosure under PIT regulations.
- Value
- ₹0.02 Cr