Mahindra Holidays & Resorts India Ltd

Mahindra Holidays Expands Inventory & Reports Strong FY26 Growth 📊🏨

- Mahindra Holidays & Resorts India Ltd. reported FY26 consolidated revenue of Rs 3,116 Cr, up 7% year-over-year.

- FY26 standalone profit excluding one-offs grew by 22%, with margins expanding by 220 basis points.

- Resort revenue for FY26 was Rs 443 Cr, a 12% increase year-over-year, with occupancy at 81%.

- Average Unit Realisation including upgrades reached Rs 10.1L in FY26, up 77% year-over-year.

- Membership upgrades totaled Rs 292 Cr in FY26, a 17% increase year-over-year.

- Deferred revenue stood at Rs 5,779 Cr and cash at Rs 1,446 Cr as of March 31, 2026.

- In Q4 FY26, inventory expanded by 213 keys to 6,228 keys, with 3 new managed resorts added.

- Q4 FY26 resort revenue was Rs 120 Cr, up 11% year-over-year, with occupancy at 82%.

- Average Unit Realisation including upgrades in Q4 FY26 was Rs 14.1L, an 83% increase year-over-year.

- Cumulative member base reached 303,906, with 7 new managed resorts added during FY26.

- International operations were impacted by geopolitical issues, economic slowdown in Finland, adverse weather, and forex losses.

- One-off impacts included a Rs 234 Cr impairment charge for a Mauritius entity, new labor code costs, and forex movements.