Mumbai: MHRIL Q1 FY27 results were announced by Mahindra Holidays & Resorts India Ltd. (MHRIL), with the company reporting a 5% year-on-year increase in consolidated revenue and a 22% rise in sales value including upgrades for the quarter ended June 30, 2026.
The growth in MHRIL Q1 FY27 was driven by premiumisation, membership upgrades, and double-digit resort revenue growth supported by healthy occupancy levels.
Mahindra Holidays & Resorts India Ltd., India’s leisure hospitality provider, reported both standalone and consolidated financial results for MHRIL Q1 FY27.
Key highlights from MHRIL Q1 FY27
- Sales value including upgrades: ₹154 crore, up 22% YoY
- Average Unit Realisation (AUR) including upgrades: ₹14.4 lakh, up 73% YoY
- Membership upgrades: ₹89 crore, up 58% YoY
- Resort revenue: ₹126 crore, up 10% YoY
- Occupancy: 86.7%
- Deferred revenue: ₹5,825 crore as of June 30, 2026
- Cash balance: ₹1,420 crore
- Resort transformation: 7 existing resorts under transformation
- Partner resorts exited: 15 resorts exited based on guest feedback and ratings
- Inventory portfolio: 5,865 keys across 111 resorts
- Cumulative member base: 3,03,153 members
The MHRIL Q1 FY27 performance reflected continued momentum in the company’s resort and membership businesses.
The consolidated results in MHRIL Q1 FY27 showed revenue growth, while profitability was affected by growth-related costs and international market headwinds.
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Commenting on MHRIL Q1 FY27, Manoj Bhat, Managing Director and Chief Executive Officer, Mahindra Holidays & Resorts India Ltd., said:
“During the quarter, our new product, KEYSTONE, gained momentum and contributed to a 22% year-on-year growth in sales value, led by premiumisation and upgrades. Our resort business continued to deliver double-digit revenue growth, supported by healthy occupancy levels.
We remain focused on enhancing the quality of our resort network through the ongoing transformation of existing resorts and the accelerated rationalisation of select properties during the quarter, based on guest feedback and ratings.
While certain inventory addition projects were impacted by supply chain disruptions, material availability challenges and labour shortages, we remain on track to add approximately 1,000 keys during the year and have clear visibility towards achieving our target of 10,000 keys by FY30.
Profitability in our India business was impacted by growth-related costs, while our international operations continued to face headwinds from geopolitical uncertainties and a slowdown in the Finnish economy during the quarter. At a consolidated level, revenue grew by 5% year-on-year.”
The company stated that MHRIL Q1 FY27 included continued investment in resort quality enhancement and inventory expansion, with a target of adding around 1,000 keys during FY27 and achieving 10,000 keys by FY30.
