Mahindra Holidays & Resorts reports consolidated revenue up by 10% YoY
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The company’s India standalone business profits grew to 8% despite charge on account of the labour code changes.
Mahindra Holidays & Resorts India Ltd. reported its standalone and consolidated financials for the quarter ending December 31, 2025.
The company reported double digit growth in resort revenue, Rs 125 Cr (+16% YoY) with occupancy of 81.5%. It also launched new simplified & flexible membership, KEYSTONE. The new launched resorts include Amba Ghat, Kolhapur (Maharashtra), Bandhavgarh National Park (Madhya Pradesh) and Corbett National Park (Uttarakhand). Room Inventory base crossed 6000 mark with addition of 273 keys. Membership Sales Value at Rs. 145 Cr, Average Unit Realization (AUR) at Rs 9.7L (+58% YoY). The company also marked the addition of 1493 new members; the cumulative member base is now of 3,04,351. Cash Position is recorded at Rs. 1470 Cr as on December 31, 2025 and the deferred revenue stands at Rs. 5,754 Cr.
Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd.,stated, “We had a good quarter with revenue up 10% YoY. This was led by strong resort revenue growth of 16% year on year in our India business.
Our European operations HCRO has been impacted by economic headwinds and adverse weather conditions in Finland, which has had a negative impact on consolidated profitability.
We continue to pursue our strategy of scaling the core and building the new."
