Axis Direct's research report on Mahindra Holidays & Resorts India
Standalone revenue growth was strong at 26% YoY to Rs 3 bnled by 9%YoY growth in membership additions (ahead of our estimate of 8% YoY growth) and the effect of 7-8% price hikes taken during the year. 6,200 members were added during the quarter and 18,000 members during FY17.
Outlook
MHRL remains one of our top midcap ideas due to (a) an exceptional business model (with both capex and opex being funded by members) and (b) demonstrated benefits (membership growth + referrals) from well executed on-the-ground initiatives. Maintain BUY.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
