Mahindra Holidays & Resorts India Q2 FY26 results (Jul–Sep 2025) and concall

Mahindra Holidays outlined its F'30 strategy to become India's No. 1 leisure hospitality player, targeting significant growth in keys, revenue, and PAT. This involves scaling the core Club M business with increased inventory and a new 'Keystone' membership plan, alongside launching a new luxury brand, Mahindra Signature Resorts. While facing challenges in member additions and overseas operations, the company plans substantial capex funded by internal accruals to achieve its long-term goals.