Mahindra Holidays & Resorts India Ltd
Mahindra Holidays & Resorts India Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
The short version
The company targets tripling revenue over the decade, implying low teens percentage revenue growth annually in India with additional contributions from Finland. Stand-alone profit excluding one-offs grew by 22% YoY in FY '26 with margin expansion of 220 bps.
From Mahindra Holidays & Resorts India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets tripling revenue over the decade, implying low teens percentage revenue growth annually in India with additional contributions from Finland.
- Growth will be driven primarily by room revenue, supported by increased non-member revenue due to expanded room inventory and optimized member-to-room ratios.
- Member additions are stable but focus is on higher quality members with higher Average Unit Revenue (AUR), currently increasing by over 30%.
- Non-member channels (travel agents, corporate, social events, website) will be expanded to boost utilization above 80%.
- Resort revenues, including F&B and upgrades, are contributing to double-digit growth.
- Digital and AI-driven initiatives enhance customer engagement and personalized offerings, supporting sustained demand and utilization.
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Profitability & Margins
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Capital Expenditure Plans
- Significant investments are ongoing in two resorts: Theog (Himachal) and Ganpatipule (Maharashtra), with Ganpatipule expected to go live by Q3 FY'27.
- About 4-5 land parcels covering 600+ room keys are at approval, predesign, or design stages and will soon enter construction.
- Acquired a 50-acre land parcel in Chikkamagalur targeting long-term, operating margin-accretive investments.
- Focus on renovating/upgrading existing resorts to enhance customer experience; plans to triple transformation/renovation rooms from about 100 to 300 in FY'27.
- No immediate equity infusion planned for international operations.
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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.
Fundraising & Capital Structure
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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.
Full financials →Continue your research
What Mahindra Holiday's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 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 Q4 FY26 results?
The company targets tripling revenue over the decade, implying low teens percentage revenue growth annually in India with additional contributions from Finland. Stand-alone profit excluding one-offs grew by 22% YoY in FY '26 with margin expansion of 220 bps.
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?
Significant investments are ongoing in two resorts: Theog (Himachal) and Ganpatipule (Maharashtra), with Ganpatipule expected to go live by Q3 FY'27.
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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.