Mahindra Holidays & Resorts India Limited — PPTs, 23-07-2025: Investor Presentation

**1. Financial Highlights:**

Standalone Q1 FY26 income rose 7% YoY to Rs. 411 Cr. PAT surged 69% to Rs. 76 Cr, and EBITDA rose 42% to Rs. 161 Cr. Sales value declined 30% to Rs. 127 Cr, and new member additions fell 59% to 1,524. Consolidated income increased 8% to Rs. 740.2 Cr.

**2. Strategic Initiatives & Growth Drivers:**

Leveraging India's strong economic growth, the company targets doubling its inventory to ~10,000 keys by FY30. It diversifies product offerings with varied tenures for diverse customer segments.

**3. Business Developments:**

Current inventory stands at 5,794 keys across 126 resorts; five expansion projects are underway. Member acquisitions through referral/digital channels reached 65%. European subsidiary HCR operates 33 timeshare and 9 spa resorts.

**4. Market Position & Competitive Advantage:**

With over 3 lakh members, its unique vacation ownership model ensures predictable revenue and strong cash flows. Debt-free standalone status and a focus on family experiences are key competitive strengths.

**5. Investor Implications:**

Robust standalone profit growth and a healthy treasury balance indicate positive financial health and growth potential. However, significant declines in new member additions and sales value warrant close monitoring for execution risks.