Mahindra Holidays & Resorts India Limited — Investor Meet, 28-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra Holidays Q1 FY27: Standalone income rose 3% to INR 424 Cr, with PAT at INR 54 Cr. Resort revenue grew 10% YoY, achieving 86.7% occupancy despite 400 keys undergoing renovation. Keystone product sales jumped 22% YoY, and average unit realization increased 73%. Management anticipates strong H2 growth as renovated resorts reopen and new inventory is added. The loss-making European business (HCRO) is under strategic review, with a conclusion expected this financial year. The company's 10,000 keys target by 2030 remains visible. Dividends are likely to be considered from FY28.