Mahindra Holidays & Resorts India Limited — PPTs, 20-11-2025: Investor Presentation

Mahindra Holidays is set on becoming India's #1 leisure hospitality player, aiming for ambitious growth targets: 3X keys, 3X revenue, and 4X PAT this decade.

**Growth Drivers & Strategy:** The company is "Scaling the core" by enhancing member experience and "Building the new" with a luxury leisure brand. Strategic expansion includes growing Club M's network to 10k keys and adding 2k keys for the new luxury brand by FY30. This strategy leverages a projected $4 Billion branded leisure market by FY30, driven by increasing affluence and demand for experiential travel.

**Recent Developments:** Mahindra Holidays rolled out "Keystone," a program that simplifies membership plans (23 to 12) and seasons (4 to 3), introducing enhanced privileges like concierge services. They've also refreshed their main brand to "Club M." A new luxury brand, Mahindra Signature Resorts, is in the works to tap into the premium leisure segment.

**Key Financial Metrics:** The company has demonstrated a strong historical ~13% CAGR from FY19-FY24.

**Management Outlook:** Management is optimistic about the leisure market, anticipating continued growth from rising affluence and key segments like weddings and MICE. They are focused on capturing this demand through strategic network expansion and new brand development.