Wonderla Holidays -
Q1 FY 26 results and concall highlights -
Revenues - 168 vs 172 cr, down 3 pc
EBITDA - 87 vs 96 cr, down 9 pc ( margins @ 49 vs 54 pc, down 500 bps YoY )
PAT - 52 vs 63 cr, down 17 pc
Footfalls - 9.17 vs 10.02 lakh
Avg ticket prices - Rs 1281 vs Rs 1237, up 4 pc
Avg non ticket revenues - Rs 493 vs Rs 443, up 11 pc
ARPU - Rs 1775 vs Rs 1680, up 6 pc
Park wise revenues, footfalls -
Bengaluru - 61 vs 64 cr, FFs @ 3.32 vs 3.58 lakh
Kochi - 39 vs 42 cr, FFs @ 2.37 vs 2.74 lakh
Hyderabad - 49 vs 53 cr, FFs @ 2.6 vs 3 lakh
Bhuvneshwar - 13 vs 9 cr, FFs @ 0.96 vs 0.70 lakh
Wonderla resort - 5 vs 4.5 cr, ARR @ 5.7k vs 6.1k, occupancy @ 56 vs 55 pc
New addition to portfolio - ISLE Bengaluru - a luxury resort with 39 cottages ( located adjacent to their Bengaluru park )
The month of Apr started off well with footfalls growing in double digits in Apr. Early onset of monsoons then led to a de-growth in the subsequent periods
Construction of their 5th amusement park in Chennai is on track. Should be able to commence operations wef Dec 25
ISLE resort opened aprox 1 month ago. Initial response has been good
Company is in advanced talks with 2 state Govts ( Haryana, UP ) to set up a park near NCR. Will make an announcement when everything is finalised
Have already incurred 480 cr of capex towards setting up the Chennai park. Expected to incur another 120 cr to complete the Park and to make it go live by Dec. It ll be a soft opening in Dec. Full scale opening shall happen by Mar-Apr 26
Expecting single digit footfalls growth ( low single digits from old parks and double digits from Bhuvneshwar park ) for the company for current FY
Weather does affect company’s footfalls in a big way. Inclement weather in Q1 did take its toll on company’s growth
ISLE resort is already clocking > 60 pc occupancy. ARR at the ISLE is aprox double of the older Wonderla resort
Bhuvneshwar park has turned EBITDA positive in Q1
Have lined up aprox 10 cr / park kind of capex for the existing parks for current FY. Should be adding 2-3 rides per park this yr
In Oct / Nov company shall start to spend on marketing in anticipation of opening of Chennai park
Expecting a footfall of 3 lakhs for the Bhuvneshwar park for FY 26
Disc: holding, biased, not a buy/sell recommendation, not SEBI registered, posted for educational purposes