MHMahindra Holidays & Resorts India533088Hospitality, vacation ownership

Mahindra Holidays reported a steady Q2 with improved revenue growth, membership sales and occupancy, supported by premiumization

By ScoutQuest · Thu 22 Oct 2026, 10:09 AM IST · 1 min read

Revenue growth

9 percent

EBITDA growth

4 percent

Margin this quarter

20.3 percent

Margin year ago

21.3 percent

Net profit growth

7.8 percent

Heard on business television between 10:15:11 - 10:18:11 IST.

• Revenue grew 9% and EBITDA grew around 4%, while margins declined to 20.3% from 21.3%; net profit rose about 7.8%.
• Membership sales grew for second consecutive quarter, up 6%, supported by strong upgrades (up 26%) and premiumization.
• Average unit utilization including upgrades rose 43%, and occupancy improved by 220 basis points even though Q2 is typically the weakest quarter.
• Total revenue per occupied room rose about 7% year-on-year; two resorts completed transformation while five remain ongoing, with cumulative member base over 3 lakh.
• Management (MD & CEO Manoj Bhatt) said driving holidays are rising due to high flight ticket costs, and the company remains on track to add 10,000 keys by FY30, with about 1,000 rooms to be added in H2.

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