Mahindra Holidays & Resorts India Ltd
Mahindra Holidays & Resorts India Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
The short version
The company aims to add approximately 1,000 gross keys annually, with 70%-80% visibility on FY27 additions, indicating steady inventory growth. The company is on track to achieve steady member addition and higher Average Unit Realization (AUR), with AUR for new sales currently at Rs.
From Mahindra Holidays & Resorts India Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company aims to add approximately 1,000 gross keys annually, with 70%-80% visibility on FY27 additions, indicating steady inventory growth.
- Inventory funnel stands at about 3,600 keys for the next few years, supporting long-term growth.
- Focus on scaling the core vacation ownership business to reach 10,000 keys under Club Mahindra and 2,000 keys under Mahindra Signature Resorts by 2030.
- Keystone membership has shown early positive signs with a 15% increase in average unit realization (AUR), expected to improve productivity and cost-efficiency in sales.
- Sales quality enhanced through digital-assisted selling (DigiSales), improving member acquisition and upgrades, with upgrades showing an increasing trend.
- Planning continued price hikes (typically every April) and product mix optimization to support AUR growth.
2 more points from Mahindra Holidays & Resorts India Ltd's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what Mahindra Holidays & Resorts India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Mahindra Holidays has added about 3-4 land parcels this year to its land bank of around 600 acres for potential future development.
- Four identified land parcels are slated for development, with CAPEX to be incurred mainly on owned land in key locations.
- The company plans a mix of models: owning about 30% of new assets with capital investment, while 70% will be capital-light, partner-led expansions.
- For the Mahindra Signature Resorts (MSR) brand, initial resorts will require own capital investment, but future growth is expected to be capital-light with management/partner contracts.
2 more points from Mahindra Holidays & Resorts India Ltd's call on capex
Pro opens every point from 15K+ earnings calls
Top-ranked in Leisure Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Order Book & Pipeline
See what Mahindra Holidays & Resorts India Ltd said on order book & pipeline — free account, 30 seconds.
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.
Full financials →Continue your research
What Mahindra Holiday's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 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 →
Others in Leisure Services this season
- Imagicaaworld Entertainment Ltd (Q3 FY26)
92.1 lakhs, a 0.2% increase YoY from Rs. Key investor presentation takeaways from Imagica. Enter.'s Q3 FY26 investor presentation — and how it ranks against sec
- ITC Hotels (Q3 FY26)
Q3 FY26 Revenue from Operations (Standalone): ₹1,052 Cr, up 12% YoY (Page 45) . Key concall takeaways from ITC Hotels Ltd's Q3 FY26 earnings call — and how it…
- Easy Trip Planners Ltd (Q3 FY26)
Q3 FY26 Revenue from Operations: INR 151.7 Cr (Page 5) . Key concall takeaways from Easy Trip Planners Ltd's Q3 FY26 earnings call — and how it ranks against…
- Praveg (Q3 FY26)
Consolidated Net Sales: ₹90.45 Cr (up from ₹54.28 Cr in Q3 FY25) → ~66.7% YoY increase . Key concall takeaways from Praveg Ltd's Q3 FY26 earnings call — and…
Arthneeti Pro · Annual
Mahindra Holidays & Resorts India Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Mahindra Holidays & Resorts India Ltd Q3 FY26 results?
The company aims to add approximately 1,000 gross keys annually, with 70%-80% visibility on FY27 additions, indicating steady inventory growth. The company is on track to achieve steady member addition and higher Average Unit Realization (AUR), with AUR for new sales currently at Rs.
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 100.7 with a market cap of ₹4,713 Cr. Investors should review the full earnings analysis for detailed insights.
Is Mahindra Holidays & Resorts India Ltd planning capital expenditure?
Mahindra Holidays has added about 3-4 land parcels this year to its land bank of around 600 acres for potential future development.
Keep Mahindra Holidays & Resorts India Ltd on your radar — track it to get its next earnings analysis in your feed.
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.