Mahindra Holidays & Resorts India Limited — Investor Meet, 31-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra Holidays reported strong Q1 FY26: Standalone PAT jumped 69% to INR76 Cr with margins expanding 680 bps. Consolidated PAT rose 18% to INR7.2 Cr, despite a INR28 Cr forex impact on European operations. Domestic resorts saw 85%+ occupancy and INR114 Cr revenue. The company added 1,524 members, with average unit realization (AUR) at INR8.3 lakh. Management maintains its 1,000-room inventory addition target by March 2026, prioritizing capital-light expansion and enhancing customer experience. The European business (HCRO) remains stable but is impacted by external factors. The company is evolving its business model for future growth, with a focus on profitability.