Mahindra Holidays jumps after Q2 PAT climbs 16% YoY to Rs 20 cr
EBITDA stood at Rs 194.8 crore during the quarter, up 5.35% compared with Rs 184.9 crore in Q2 FY26. However, EBITDA margin contracted to 23.8% from 24.7% in the corresponding quarter last year.
The company's domestic business maintained its growth momentum, with membership sales rising 6% YoY to Rs 141 crore. Average Unit Realisation (AUR), including upgrades, surged 43% YoY to Rs 13.4 lakh, reflecting increased premiumisation and higher-value membership sales.
Resort revenue jumped 15% YoY to Rs 96 crore during the quarter, while occupancy improved by 220 basis points to 75.6%.
Manoj Bhat, managing director and chief executive officer, Mahindra Holidays & Resorts India, said, ?Our domestic business sustained its positive momentum during the quarter. Membership sales grew for the second consecutive quarter, supported by premiumisation and upgrades, while resort revenue continued to deliver double-digit growth and occupancy improved by 220 bps.
Alongside this momentum, we continued to strengthen and expand our domestic resort network. During the quarter, we completed expansions at two resorts and transformed two existing properties, while exiting select resorts based on guest feedback and ratings. Five additional resort transformations are underway, and we expect to add approximately 1,000 keys over the next two quarters. Our development pipeline has also expanded significantly, supporting our progress towards the goal of 10,000 keys by FY30.
In our international operations, HCRO delivered a stable performance despite continued geopolitical uncertainty and weakness in the Finnish economy.?
Mahindra Holidays & Resorts India (MHRIL), part of the diversified Mahindra Group, is a leading leisure hospitality company engaged in the vacation ownership business. Established in 1996, the company operates under its flagship brand, Club Mahindra, offering holiday memberships and resort experiences across domestic and international destinations. It caters primarily to family holidaymakers through its extensive resort network.
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