Mahindra Holidays posts 47% increase in profits, expands resort network amid strong demand, ETTravelWorld

Mahindra Holidays & Resorts India, India’s leading leisure hospitality company, announced its consolidated profit after tax rose 47 per cent year-on-year for the quarter ended September 30, 2025. The company also recorded strong growth in resort revenue and membership sales, reflecting continued demand for quality family holiday experiences.

During the quarter, it expanded its resort portfolio by opening a new property in Mahabaleshwar, Maharashtra, while enhancing facilities at four existing resorts – Kandaghat (Himachal Pradesh), Dundi (Andhra Pradesh), Batkot (Uttarakhand) and Jaipur (Rajasthan). The company’s total inventory now stands at 5,742 keys at 118 resorts. There are also three greenfield projects underway and infrastructure is progressing as planned.

It achieved a resort occupancy rate of 73.4% based on its expanded inventory base, with resort revenue reaching INR 84 Crores, representing an increase of 8% YoY. Membership turnover stood at INR 134 Crore, with an impressive Average Unit Realization (AUR) of INR 9.3 lakh, an increase of 85 percent over the previous year. The company added 1,432 new members, bringing its total member base to 304,000. Deferred revenue reached INR 5,747 Crore, while cash reserves grew 5% YoY to INR 1,532 Crore as of September 30, 2025.

Commenting on the results, Manoj Bhatt, MD & CEO, Mahindra Holidays & Resorts India, said: “We delivered a strong performance despite being impacted by unprecedented rainfall in the Himachal and Uttarakhand clusters. We accelerated inventory expansion, added one new resort and expanded four more resorts. The growth in resort revenues and membership upgrades continues as we deliver a superior customer experience across touchpoints. As part of our continued differentiation strategy, we have taken a selective approach to member additions, which is reflected in the average Higher sales values.”

“Our European operation, HCRO, despite facing several economic headwinds, delivered stable performance. Our overall results demonstrate resilience and strategic progress, with consolidated earnings up 47 percent year-on-year,” he added.

It continues to enhance its premium resort portfolio and member experience while maintaining a disciplined approach to growth, supporting its vision to become a global leader in experiential family vacations.

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