Investor Vijay Kedia urged Anand Mahindra to carry out a strategic rethink at Mahindra Holidays & Resorts India, arguing the company’s India domestic tourism opportunity is being undervalued. Despite strong demand for experiential family travel and healthy occupancy with Club Mahindra’s brand strength, losses from its overseas Holiday Club business are, in his view, dragging overall valuation. Kedia suggested options like ring-fencing, restructuring, demerging or cutting exposure to the European subsidiary so India operations can be assessed independently.
Mahindra Holidays & Resorts India reported a 43% fall in Q4 consolidated profit after tax to Rs 41.49 crore for the quarter ended March 31, 2026. The company pointed to higher outflows from impairment charges, the impact of India’s new labour code, and adverse forex movements, which together weighed on earnings despite the period’s operating performance.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
