Mahindra Holidays Reports 10% YoY Revenue Growth, Launches New Membership Product KEYSTONE

Mahindra Holidays & Resorts India Ltd., a leading leisure hospitality provider, reported its standalone and consolidated financials for the quarter ending 31st Dec 2025. The company saw a 10% YoY increase in consolidated revenue, driven by a 16% YoY growth in resort revenue in India. The new membership product, KEYSTONE, was launched, and 3 new resorts were added. The room inventory base crossed the 6k mark with the addition of 273 keys. Membership sales value stood at Rs. 145 Cr with an Average Unit Realization (AUR) of Rs 9.7L (+58% YoY). The company added 1493 new members, taking the cumulative member base to 3,04,351. The cash position was at Rs. 1470 Cr as on 31st Dec’25. The standalone business profits grew 8% despite an exceptional charge on account of the labour code changes. However, the European operations were impacted by economic headwinds and adverse weather conditions, negatively impacting consolidated profitability.