Mahindra Holidays and Resorts India Ltd
NSE:MHRIL
Mahindra Holidays and Resorts India Ltd
Mahindra Holidays & Resorts India Ltd. engages in the provision of leisure hospitality services. The company is headquartered in Chennai, Tamil Nadu and currently employs 4,643 full-time employees. The company went IPO on 2009-07-16. The firm is engaged in the business of sale of Vacation Ownership and other related services in India. The firm's principal activities include income from sale of vacation ownership (VO); annual subscription fee from VO members, and income from sale of food and beverages. The company offers vacation ownership products that provide holiday entitlements to its members over the life of the product. Apart from providing rooms in the form of furnished apartments and cottages at resorts, the Company offers its members various amenities, including dining, holiday activities, spa and wellness facilities. Club Mahindra is the Company's product in the vacation ownership business, which entitles its members a week's holiday every year for a period of 10 or 25 years depending upon the membership. The firm offers Heart-to-Heart, a member engagement initiative in their hometowns.
Mahindra Holidays & Resorts India Ltd. engages in the provision of leisure hospitality services. The company is headquartered in Chennai, Tamil Nadu and currently employs 4,643 full-time employees. The company went IPO on 2009-07-16. The firm is engaged in the business of sale of Vacation Ownership and other related services in India. The firm's principal activities include income from sale of vacation ownership (VO); annual subscription fee from VO members, and income from sale of food and beverages. The company offers vacation ownership products that provide holiday entitlements to its members over the life of the product. Apart from providing rooms in the form of furnished apartments and cottages at resorts, the Company offers its members various amenities, including dining, holiday activities, spa and wellness facilities. Club Mahindra is the Company's product in the vacation ownership business, which entitles its members a week's holiday every year for a period of 10 or 25 years depending upon the membership. The firm offers Heart-to-Heart, a member engagement initiative in their hometowns.
Strong Growth: Consolidated revenue rose 10% year-on-year, with standalone revenue up 6% and resort income up 14% for MHRIL.
Membership & AUR: 1,493 new members added; average unit realization per new member surged 58% to INR 9.7 lakh, aided by the new KEYSTONE plan.
Margin Expansion: Standalone EBITDA margin expanded by 350 bps year-on-year to 36%, supported by structural interventions.
KEYSTONE Launch: New simplified membership plan launched, seeing early positive reception and a 15–20% increase in AUR, though still early days.
Inventory Additions: 273 new keys added with 3 new resorts; company remains on track to add 1,000 gross keys in FY26, with 3,600 keys in the pipeline for future years.
HCRO Performance: Overseas (Finnish) business faced losses due to weather and Russia-Ukraine impact, but Q4 is expected to improve; strategic review planned next financial year.
Healthy Cash Position: Company maintains INR 1,470 crores cash as on December 31, 2025.
Cost Control: Sales and marketing costs declined due to strategic market exits and rationalization, with further productivity improvements expected.
