Mahindra Holidays & Resorts India Ltd
Mahindra Holidays & Resorts India Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
What the Q1 FY27 call signalled
1 of 3 strong
The short version
Management expects revenue growth to be back-ended, with stronger growth in FY28-30. The company expects a back-ended growth trajectory, with stronger revenue growth in the latter half of FY27 and beyond.
From Mahindra Holidays & Resorts India Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Management expects revenue growth to be back-ended, with stronger growth in FY28-30.
- They anticipate a 17-18% CAGR over FY25 to FY30, aligned with a 3x revenue growth vision.
- Member growth will be limited and focused, with emphasis on increasing the member-to-room ratio through inventory addition.
- Nonmember (FIT) business is growing faster (30% growth in recent quarter), supporting overall revenue.
- Resort income growth is expected to drive future revenue increases, while assembly fees and membership income are expected to remain flat.
- Around 1,000 keys are expected to be added in FY27, spreading across multiple destinations, supporting volume growth.
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Profitability & Margins
See what Mahindra Holidays & Resorts India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Adding about 1,000 keys in FY27 across multiple destinations including Jodhpur, Ganpatipule, Darjeeling, Jawai, Dalhousie, and Goa.
- New resort developments: Theog resort undergoing transformation with completion targeted in 3rd/4th quarter FY28.
- Two additional resorts in design stages: one in late design phase aiming to break ground in FY27, and a third in early design.
- Continuous resort transformation program targeting at least 2 resorts per year for major upgrades.
- Capex for transformation ranges from INR 5-10 lakhs per key for minor upgrades to INR 40-50 lakhs per key for major renovations.
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Order Book & Pipeline
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Mahindra Holidays & Resorts India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹784 Cr, net profit ₹20 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Mahindra Holiday's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Mahindra Holidays & Resorts India Ltd Q1 FY27 results?
Management expects revenue growth to be back-ended, with stronger growth in FY28-30. The company expects a back-ended growth trajectory, with stronger revenue growth in the latter half of FY27 and beyond.
What is Mahindra Holidays & Resorts India Ltd share price analysis?
Mahindra Holidays & Resorts India Ltd currently shows a neutral. The stock trades at a P/E of 86.8 with a market cap of ₹4,061 Cr. Investors should review the full earnings analysis for detailed insights.
Is Mahindra Holidays & Resorts India Ltd planning capital expenditure?
Adding about 1,000 keys in FY27 across multiple destinations including Jodhpur, Ganpatipule, Darjeeling, Jawai, Dalhousie, and Goa.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.