Mahindra Holidays & Resorts India Ltd Share Price – NSE  / BSE

Hotels & Restaurants, Small Cap

Mahindra Holidays & Resorts India (MHRIL) has signed a new resort in Dapoli, near the scenic Murud Beach, further strengthening its presence along Maharashtra's coastline.

This addition forms part of the company's FY26-FY30 roadmap, which targets over 10,000 keys under Club Mahindra and an overall portfolio scale of 12,000 keys. Through a combination of new signings, greenfield developments, and management contracts across high-demand tourist corridors, the company is progressing toward its ambition of becoming India's #1 leisure hospitality player.

Dapoli strengthens MHRIL's presence in high-growth coastal markets with strong drive-to demand and marks the first of several planned developments along India's western coast.

Spread across 13 acres, the upcoming Club Mahindra Dapoli Resort will feature 110 keys, launched in phases. The first phase, comprising 52 keys, is slated for launch in Q1 FY27, with the remaining inventory opening in Q2 FY27.

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The new resort launch aligns with the company?s accelerated expansion strategy and its ambition to become India?s leading leisure hospitality player, driven by robust resort additions, portfolio premiumisation, and disciplined capital allocation.

This marks MHRIL?s second resort in Jim Corbett, one of India?s most preferred destinations for nature-led travel. The addition supports the company?s near-term target of 1,000 room additions by FY26 and its longer-term goal of scaling to 10,000 keys under Club Mahindra and 12,000 keys overall by FY30.

Spanning around 10 acres, the 57-room resort combines premium leisure stays with extensive event infrastructure, including large landscaped lawns, a banquet hall, and riverfront access. The property is designed to cater to diverse segments, including holidaying families, destination weddings, and corporate offsites, unlocking multiple revenue streams from a single asset.

Manoj Bhat, managing director & chief executive officer, Mahindra Holidays & Resorts India, said, ?Our ambition is to lead leisure hospitality in India, with families at the heart of everything we do. The launch of Nadiya Parao is another step forward in our expansion journey, in a destination where demand is strong and growing. As we expand, we?re not just adding resorts; we?re delivering superior experience, sharpening execution, and building for the future?.

Mahindra Holidays & Resorts India (MHRIL), part of the diversified Mahindra Group, is India?s leading leisure hospitality company. Established in 1996, the company pioneered the vacation ownership model in India and has since redefined family holidays through thoughtfully designed resorts, curated experiences, and a commitment to sustainable tourism.

The company?s consolidated net profit fell 93.6% to Rs 2.23 crore on 10.9% increase in revenue from operations to Rs 752.70 crore in Q3 FY26 over Q3 FY25.

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Mahindra Holidays & Resorts India (MHRIL) announced the launch of Club Mahindra Nadiya Parao Resort in Jim Corbett, further strengthening its presence in Uttarakhand.

The launch reinforces company's accelerated expansion strategy and is aligned with the company's ambition to become India's #1 leisure hospitality player, driven by robust resort additions, portfolio premiumisation, and disciplined capital allocation.

The launch marks MHRIL's second resort in Jim Corbett, thus strengthening its presence in one of India's most preferred destinations for immersive, nature-led travel. The addition is in line with company's near-term target of 1,000 room additions by FY26 and supports its longer-term ambition of scaling to 10,000 keys under Club M and 12,000 keys overall by FY30.

Spanning approximately 10 acres, the 57-room resort integrates premium leisure stays with extensive event infrastructure - from large, landscaped lawns to a banquet hall and riverfront access.

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Net profit of Mahindra Holidays & Resorts India declined 93.60% to Rs 2.23 crore in the quarter ended December 2025 as against Rs 34.84 crore during the previous quarter ended December 2024. Sales rose 10.95% to Rs 752.70 crore in the quarter ended December 2025 as against Rs 678.43 crore during the previous quarter ended December 2024.

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