Mahindra Holidays & Resorts India Limited · NSE:MHRIL
Mahindra Holidays & Resorts India — Q2 FY2027 Earnings Presentation
31 slides from Mahindra Holidays & Resorts India's earnings presentation, Oct 21, 2026
Slide 1: Exchange filing cover letter for earnings presentation
21st October 2026 MHRIL/SE/26-27/56 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Floor 25, PJ Towers, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Symbol: MHRIL Scrip Code: 533088 Dear Sir/Madam, Sub.: Earnings
Slide 2: Mahindra Holidays & Resorts India Ltd. Q2 FY27 Investor Presentation
MAHINDRA HOLIDAYS & RESORTS INDIA LTD. Q2 FY27 INVESTOR PRESENTATION
Slide 3: Outline
Outline 03 03 Opportunity 04 04 MHRIL Standalone 18 18 Holiday Club Resorts 21 21 Consolidated 23 23 Financials
Slide 4: India's Leisure Consumption Supercycle
India’s Leisure Consumption Supercycle Travel demand is scaling faster than organized leisure supply ~ 1.8 Tn Consumer, lifestyle & e-commerce spending by 2030. CAGR of 19% (2022-2030E) in discretionary spending. Leisure wallet is expanding Supply gap creating white space More trips, higher travel s
Slide 5: MHRIL Standalone Business
MHRIL Standalone Business
Slide 6: MHRIL Aspiration & Growth Vectors
MHRIL Aspiration & Growth Vectors India’s #1 leisure hospitality player Scaling the Core Building the New Enhancing Creating A Luxury Leisure Guest Experience Hospitality Brand
Slide 7: MHRIL Business Model
MHRIL Business Model Network attracts guests through multiple channels and monetises across a diversified ecosystem ~3L+ ~110 ~100 80%+ Members Resorts Globally Partner Hotels Occupancy PILLAR 1 PILLAR 2 ₹ GUEST ACQUISITION RESORT NETWORK Multiple channels drive discovery, GUEST SERVICING A diversif
Slide 8: Network | Domestic & International Resorts
Network | 80 Domestic & 26 International Resorts # Resorts Ladakh (1 ) Himachal Pradesh (7 ) Uttarakhand (5) Jammu & Kashmir (2) Punjab (1 ) Rajasthan (10) Sikkim (2) Gujarat (6 ) Assam (1) Goa (9) Bihar (1) Maharashtra (9 ) Karnataka (4 ) Andhra Pradesh (2) Uttar Pradesh (2) Kerala (7) Tamil Nadu (
Slide 9: Keystone Privileged Access
Keystone Privileged Access Our most privileged key. It lets you book full Access to 46 weeks during peak seasons. Access to 24 weeks during our quieter 52 weeks wherever you wish, wherever Ideal to visit destinations at popular times of seasons. Perfect for those who prefer relaxed you choose the ye
Slide 10: Q2FY27 Overview
Q2FY27 Overview Network Resorts Guest Portfolio Rationalization Double digit growth & Transformation Continued growth in Sales Value • Portfolio of 5762 keys across 106 • Sales# value 6% YoY...led by Resorts… 103 keys • Resort revenue1 15% YoY premiumization & upgrades • 2 Resorts expanded & 6
Slide 11: Standalone Financials | Q2FY27
Standalone Financials | Q2FY27 ₹ Cr Income EBITDA PAT +4% -12% -16% 395.3 380.7 140.5 124.4 51.7 43.3 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Growth linked costs impacted YoY profitability
Slide 12: KEYSTONE | Sales value growth
KEYSTONE | Sales value growth Sales Value (₹ Cr) AUR* (₹ Lakh) +6% +43% 13.4 141 133 9.3 65 83 68 58 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 New Membership Sales Upgrades Cumulative Member Base of 3,02,886 Member Additions through Organic & Digital route at 66% in Q2 FY27 * Includes Upgrades
Slide 13: Resort Operations | Double digit growth in Q2
Resort Operations | Double digit growth in Q2 Resort Revenue1 (₹ Cr) Occupancy TRevPAR2 (₹ ) +15% +2.2 pp +6% 96 8777 84 73.4% 75.6% 8265 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 8 new Net Zero Waste to Landfill Certifications RCI gold Crown awarded to Assonora & Emerald Palms, Varca- Best Ex
Slide 14: Network Portfolio
Network Portfolio Member to Room Ratio 21 Partner resorts exited based on guest feedback Keys 4940 5327 5847 6228 5762 57 56 52 53 49 FY23 FY24 FY25 FY26 HFY27
Slide 15: Resort Investments
Resort Investments ₹ cr Capex Cashflow 195 1,446 1,329 312 -312 166 136 Cash (Mar'26) Cash Generation Capex Cash (Sep'26) H1FY25 H1FY26 H1FY27 Ongoing capex for transformation of 7 existing resorts & new inventory addition projects
Slide 16: Resort Transformation | Poovar
Resort Transformation | Poovar
Slide 17: Resort Transformation | Poovar
Resort Transformation | Poovar
Slide 18: Resort Transformation | Poovar
Resort Transformation | Poovar
Slide 19: Holiday Club Resorts (HCR)
Holiday Club Resorts (HCR) We Create Dream Holidays
Slide 20: HCR Business Model
HCR Business Model Timeshare Leading Finnish hospitality company 33 Timeshare Destinations in 60,000+ Widespread network of Spa resorts with varied Finland, Sweden & Spain Timeshare owners1 experiences Spa Hotels Complementary business assets in terms of Timeshare and Spa Hotels Multiple Revenue Str
Slide 21: HCR Financials | Q2FY27
HCR Financials | Q2FY27 € Mn Income EBITDA PAT +7% +31% 36.5 34.0 1.7 1.3 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 -0.3 -0.3
Slide 22: Consolidated
Consolidated
Slide 23: Consolidated Financials | Q2FY27
Consolidated Financials | Q2FY27 ₹ Cr Income EBITDA PAT +9% +5% +17% 819.7 749.5 184.9 194.8 19.7 16.9 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27
Slide 24: Financials
Financials Refer Company’s website and/or Stock Exchange submission for detailed Financials
Slide 25: MHRIL Standalone Financials - Income Breakup
MHRIL Standalone Financials Income Breakup Quarter ended In ₹ Cr Q2FY27 Q2FY26 YoY Income from VO 127.6 129.2 -1% ASF Income 109.1 108.9 - Interest & Others 29.1 28.3 3% Total VO Income 265.8 266.4 - Resort Income 88.5 77.8 14% Non-Operating Income 41.0 36.5 12% Total Income 395.3 380.7 4% Resort In
Slide 26: MHRIL Standalone Financials - Profit & Loss Statement
MHRIL Standalone Financials Profit & Loss Statement Quarter ended In ₹ Cr Q2 FY27 Q2 FY26 YoY Total Income 395.3 380.7 4% Employee Benefit 110.2 94.3 17% Sales & Marketing 24.8 25.0 -1% Rent 24.3 23.5 3% Other Expenses 111.6 97.4 15% Total Expenditure 270.9 240.2 13% EBITDA 124.4 140.5 -12% EBITDA M
Slide 27: MHRIL Standalone Financials - Snapshot of Balance Sheet
MHRIL Standalone Financials Snapshot of Balance Sheet 30th Sept. 2026 31st Mar. 2026 In ₹ Cr Property, Plant and Equipment 3,254 3,041 Right of Use Asset (IND AS 116) 670 761 Trade receivables 1,296 1,269 Cash and cash equivalents (regrouped) 1,329 1,446 Deferred Acquisition Cost 762 783 Other Asset
Slide 28: HCR Financials
HCR Financials In € Mn Revenue Details Profit & Loss Statement Quarter ended Quarter ended Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Timeshare 10.3 7.7 Revenue 36.5 34.0 Operating Profit 1.7 1.3 Spa Hotels 20.2 20.4 Depreciation & Amortization 1.0 1.0 Renting 4.1 4.0 Financial Cost 1.0 0.6 Real Estate Managem
Slide 29: Consolidated Financials - Profit & Loss Statement
Consolidated Financials Profit & Loss Statement Quarter ended In ₹ Cr Q2 FY27 Q2 FY26 YoY Income from Operations 784.1 717.4 9% Non-Operating Revenue 35.6 32.1 11% Total Income 819.7 749.5 9% Cost of vacation ownership weeks 52.3 42.9 22% Employee benefit expense 218.7 187.9 16% Other expenses 353.9
Slide 30: Disclaimer
Disclaimer This presentation may contain ‘forward looking statements’ within the meaning of applicable laws and regulations. Investors are cautioned that ‘forward looking statements’ are based on certain assumptions, which Mahindra Holidays & Resorts India Limited considers reasonable at this time a
Slide 31: Thank you
Thank you
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