Q2 2026 Mahindra Holidays and Resorts India Ltd Earnings Call Transcript

Oct 31, 2025 / 01:00 PM GMT

Release Date Price: ₹328.65 (-0.48%)

Transcript

Key Points

Positve

Mahindra Holidays & Resorts India Ltd (BOM:533088) maintained a healthy occupancy rate of 73.4% despite adverse weather conditions affecting certain regions.
The company reported an 84% growth in resort revenue, marking an 8% increase over the previous year.
Plans to add 10,000 keys by 2030 are on track, with significant room additions and expansions completed in the current quarter.
The adoption of digital engagement tools like 'digi sales' has reached 100% compliance, enhancing sales processes.
The company's EBITDA margin improved to 37% in the quarter, reflecting strong financial performance.

Negative

Unusually heavy monsoon resulted in a slight decrease in occupancy rates, impacting certain clusters like Himachal and Uttarakhand.
The company exited 261 keys as part of its strategy to focus on customer feedback, which may affect short-term inventory availability.
Ongoing greenfield and brownfield projects faced delays due to adverse weather, impacting timelines.
A one-time interest charge of 7.8 crores was taken this quarter due to a comprehensive review of historical tax positions.
Despite efforts, the member-to-room ratio remains stable at 53, indicating room for improvement in member availability.

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
Q2 2026 Mahindra Holidays and Resorts India Ltd Earnings Call
Oct 31, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Mahindra Holidays and Resorts India Limited Q2 and H1F526 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 the conference call, please signal an operator by pressing, then 0 on your touchstone telephone. Please note that this conference is being recorded. I now hand the conference over to Mr. Manoj Pat, MD and CEO of Mahindra Holidays and Resorts India Limited.

Thank you and over to you, sir.

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