Mahindra Holidays & Resorts India Limited — PPTs, 22-07-2026: Investor Presentation

Mahindra Holidays (MHRIL) saw standalone revenue rise 3% to ₹423.5 Cr, but EBITDA dipped 12% to ₹141.6 Cr, and profit (PAT) fell 29% to ₹54.3 Cr, mainly due to growth-linked costs. Consolidated revenue grew 5% to ₹773.5 Cr, resulting in a PAT loss of ₹8.6 Cr.

Resort revenue (excluding its Finnish subsidiary, HCR) surged 10% YoY, achieving an impressive 86.7% occupancy. The company is strategically focused on enhancing guest experience, scaling its core business, and building a luxury leisure brand. Sales value, driven by premiumization and upgrades, jumped 22% YoY, with Average Unit Realization (AUR) up 73%. Upgrade income alone grew 58%.

MHRIL is actively rationalizing its resort portfolio, exiting about 350 keys, while simultaneously expanding with 8 new greenfield/brownfield projects expected to add around 1,000 keys. Resort transformations are also underway. Holiday Club Resorts (HCR) revenue decreased 6% to €29.4 Mn, reporting a loss. The focus remains on network expansion and premium offerings like Keystone.