Q2 2025 Wonderla Holidays Ltd Earnings Call Transcript
Key Points
- Wonderla Holidays Ltd (BOM:538268) successfully launched a new park in Bhubaneswar, expanding its reach to Eastern India and enhancing its Pan India presence.
- The company has seen a significant increase in online bookings, with a growth of 48% to 50% compared to the previous year, due to enhanced digital marketing efforts.
- Despite challenges, the average revenue per user increased to INR 1414 for the quarter and INR 1597 for the first half of FY25.
- Wonderla Holidays Ltd (BOM:538268) is optimistic about future growth, with plans to expand its footprint by building 3 to 5 new parks over the next five years.
- The company has a strong strategy to increase non-ticket revenue, aiming to shift the revenue mix from 75:25 to 60:40 between ticket and non-ticket sales.
- The company faced a 9% decline in footfall and a 13% drop in income due to unpredictable weather events and heavy rainfall.
- EBITDA for the quarter decreased by 90% year-over-year, with margins standing at only 4%, primarily due to increased marketing spend and expansion of the employee base.
- The company is planning a significant equity fundraise of INR 800 crore, which could lead to equity dilution.
- There is uncertainty regarding the exact number and size of new parks, as plans depend on state approvals and land availability.
- The company faces challenges in maintaining consistent footfall growth, with expectations of only low single-digit growth in mature parks like Bangalore.
Ladies and gentlemen, good day. And welcome to Wonderla Holidays Limited Q2 F 525 results call hosted by ICICI Securities. 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 star then zero on your Touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Adhidev Chattopadhyay there from ICICI Securities. Thank you and over to you.
Yeah, good evening, everyone on behalf of ICICI Securities. I'd like to welcome everyone today on the Wonderla Holidays Ltd. Q2 FY25.
Management we have with us, Mr. Arun K. Chittilappilly, the Managing Director and Mr Sai K. Louiz who is the Chief Financial Officer. And I would like to hand over the call to the management for their opening remarks. So over to you, Thank you.
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