Q1 2027 Mahindra Holidays and Resorts India Ltd Earnings Call Transcript

Jul 23, 2026 / 10:30 AM GMT

Release Date Price: ₹217.75 (+2.83%)

Transcript

Key Points

Positve

Sales value increased by 22% year-on-year to 154 crores, indicating strong demand for the Keystone product.
Resort revenue grew 10% year-on-year to 126 crores, despite 400 keys being under renovation.
Occupancy improved to 86.7% during the quarter, reflecting sustained demand across the network.
The company plans to add about 1,000 keys at the gross level across multiple destinations, indicating expansion.
Technology initiatives, such as a booking recommendation engine and paperless check-in, are being implemented to enhance customer experience.

Negative

Profits decreased by about 22 crores compared to Q1 of last year, partly due to 400 keys not generating revenue.
The European business, particularly the Holiday Club Finland, reported increased losses, impacting overall profitability.
Some inventory additions were delayed due to material availability constraints, affecting short-term growth.
Regulatory changes, such as GST law changes and solar usage policies, are impacting profitability.
The strategic review of the European business is ongoing, with no clear resolution yet, creating uncertainty.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MAHH.NS - Mahindra Holidays and Resorts India Ltd
Q1 2027 Mahindra Holidays and Resorts India Ltd Earnings Call
Jul 23, 2026 / 10:30AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and Gentlemen, Good day and welcome to the Mahindra Holidays and Resorts India Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Manoj Bhatt, MD and CEO and Mr. Rajeev Vimal, CFO.

Thank you and over to you sir.

--------------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.