MHRIL Mahindra Holidays & Resorts India Q4 FY26 results (Jan–Mar 2026) and concall
Mahindra Holidays reported a strong Q4 FY26 for its India business, characterized by significant network expansion, robust member engagement, and healthy margin expansion. The new Keystone product and strategic focus on upgrades drove a substantial increase in AUR. However, the European subsidiary faced challenges, leading to a one-off impairment. The company maintains a capital-light expansion strategy, aiming for continued growth without relying on debt, and plans a strategic review of its international operations in FY27.
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What they filed
Q4 FY26: revenue up 5.3%, net profit down 43.8% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 678 | 779 | 701 | 717 | 753 +11% | 820 +5% |
| EBITDA | 146 | 204 | 122 | 152 | 144 −1% | 197 −3% |
| Net profit | 35 | 73 | 7 | 17 | 1 −97% | 41 −44% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
