Leisure hospitality firm Mahindra Holidays & Resorts India Ltd (MHRIL), part of the Mahindra Group, will acquire 100% stake in Aditatva Estates Pvt Ltd for ₹37.5 crore to develop a leisure resort in Chikmagalur.
The acquisition is aimed at expanding the company’s leisure resorts portfolio, with Aditatva set to become a wholly owned subsidiary upon completion of the transaction, which is expected by July 2026.
Target asset and transaction details
Aditatva Estates operates a coffee plantation on a 50-acre land parcel in Chikmagalur, Karnataka, and reported a turnover of ₹81 lakh for FY25.
MHRIL executed a Share Purchase Agreement with Aditatva on Monday as part of its strategy to strengthen its presence in key leisure destinations.
Q4 performance and operational metrics
MHRIL reported a 3% decline in standalone net profit at ₹55 crore for the March quarter, while total income rose 2% to ₹407 crore.
During the quarter, inventory expanded by 213 keys to 6,228 keys, while resort revenue grew 11% to ₹120 crore. The company added three managed resorts (Dapoli in Maharashtra, North Goa and Chikkamagaluru) and completed expansions at three existing properties.
Occupancy, membership and outlook
Resort occupancy stood at 82% on an expanded inventory base. Membership upgrades grew 33% to ₹93 crore, taking the cumulative member base to 3.03 lakh.
“Our profit growth has been robust with FY26 standalone profit excluding one-off growing by 22% and margins expanding by 220 basis points,” said Mahindra Holidays & Resorts India Ltd, Managing Director and Chief Executive Officer, Manoj Bhat, adding that international operations were impacted by geopolitical headwinds, slowdown in the Finnish economy and adverse weather conditions.
The results included one-time impacts due to labour code implementation in India and forex losses due to rupee depreciation, with efforts underway to improve international business performance.