Mahindra Holidays & Resorts India Limited — Investor Meet, 05-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra Holidays & Resorts India reported Q4 standalone PAT up 61% YoY and full-year FY25 PAT rising 25%. Consolidated PAT grew 12% in Q4 and 37% for FY25. Standalone income reached INR 398 Cr with a 33% EBITDA margin. Inventory rose by 520 keys via 7 new resorts, aiming for 10,000 keys by FY30. Membership additions slowed to 12,400, but average unit realizations jumped 39%, supported by premiumization and upgrades. Resort revenue increased 14% YoY in Q4 to INR 107 Cr. Management is focusing on selective member acquisition, premium offerings, and sales efficiency, with capex rising for new projects and refurbishments. The outlook remains confident on growth and customer experience improvements.