Mahindra Holidays & Resorts India Ltd.- Q1FY27 Financial Results

Mahindra Holidays & Resorts India Ltd.

Announces Results for Q1 FY27

Consolidated Revenue up 5% YoY

Sales Value up by 22% YoY led by Premiumization & Upgrades

Mumbai, 22^nd July 2026 (GNI) :  Mahindra Holidays & Resorts India Ltd. (‘Company’), India’s leading leisure hospitality provider, reported its standalone and consolidated financials for the quarter ending 30^th June 2026.

Highlights

• Sales value incl. upgrades at Rs 154 Cr (+22% YoY)
• Average Unit Realisation (AUR) incl. upgrades at Rs 14.4L (+ 73% YoY)
• Membership upgrades of Rs 89 Cr (+58% YoY)
• Double digit growth in resort revenue, Rs 126 Cr (+10% YoY), occupancy at 86.7%

• Deferred Revenue stands at Rs. 5,825 Cr and Cash at Rs. 1420 Cr as on 30^th June’26
• Ongoing transformation of 7 existing resorts & 15 partner resorts exited based on feedback/rating
• Inventory portfolio of 5865 keys across 111 resorts
• Cumulative member base at 3,03,153

MHRIL Standalone
Particulars (In Rs Cr)	Q1 FY27				Q1 FY26
Total Income	423.5				410.6
EBITDA	141.6				160.9
PBT	72.9				102.7
PAT	54.3				76.2
MHRIL Consolidated
Particulars (In Rs Cr)	Q1 FY27					Q1 FY26
Total Income	773.5					740.2
EBITDA	153.6					161.2
PBT	-3.2					26.3
PAT	-8.6					7.2

Commenting on the performance, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., said, “During the quarter, our new product, KEYSTONE, gained momentum and contributed to a 22% year-on-year growth in sales value, led by premiumisation and upgrades. Our resort business continued to deliver double-digit revenue growth, supported by healthy occupancy levels.

We remain focused on enhancing the quality of our resort network through the ongoing transformation of existing resorts and the accelerated rationalisation of select properties during the quarter, based on guest feedback and ratings. While certain inventory addition projects were impacted by supply chain disruptions, material availability challenges and labour shortages, we remain on track to add approximately 1,000 keys during the year and have clear visibility towards achieving our target of 10,000 keys by FY30.

Profitability in our India business was impacted by growth-related costs, while our international operations continued to face headwinds from geopolitical uncertainties and a slowdown in the Finnish economy during the quarter. At a consolidated level, revenue grew by 5% year-on-year.”

About Mahindra Holidays & Resorts India Limited: Mahindra Holidays & Resorts India Limited (MHRIL), part of the diversified Mahindra Group, is India’s leading leisure hospitality company. Established in 1996, the Company pioneered the vacation ownership model in India and has since redefined family holidays through thoughtfully designed resorts, curated experiences, and a commitment to sustainable tourism.

MHRIL’s vision is to become India’s largest leisure hospitality player, powered by a premium, multi-format holiday platform, including its flagship brand, Club Mahindra, and the upcoming Mahindra Signature Resorts. With a network of 100+ premium resorts across Indian and abroad, Club Mahindra is addressing evolving travel aspirations across segments and demographics that includes a strong 3,00,000+ member community.

Guided by the Mahindra Group’s RISE philosophy, MHRIL is focused on responsible growth, sustainable operations, and long-term value creation, while delivering quality holiday experiences for families.

Visit us on www.clubmahindra.com and follow us on X, LinkedIn, Instagram and Facebook to know more about us. Ends GNI