Nice Insights in this video.
What’s happening in Wonderla? A conversation with CEO Arun Chittilappilly || Season 2 Episode 1
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Nothing specific. May be not so great qtrs. However, this is reasonably expected. Chennai Park is coming in 2026. QIP was a little dampener action for me a debt would have been appropriate as they have close to 50% OPM.
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Investor relations of any company will not reply for any message in my experience. However the FII’s and DIIs have increased their holdings in Dec’24
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I think this is due to the QIP they raised in December!
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Yes. That’s because of the QIP by wonderla management, which is confirmed by reduction in Promoter’s stake
I wonder if it reflects the GDP growth rate currently. I expect the parks will do better once the GDP growth gets back on track. I am aware I am assuming GDP growth will get back on track. 
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Latest on Wonderla - https://www.youtube.com/watch?v=lZl1Ee_7Zss - MD’s view post Results
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Wonderla Holidays | Management Interviews
- Wonderla Holidays is expecting a boost in its footfalls this year with its new amusement parks in Bhubaneswar and Chennai turning operational.
- Wonderla Holidays on the company’s expansion blueprint across India and investment plans for FY26
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This is an Indoor park - What are your thoughts? I think Wonderla has not commenced the Delhi plans yet. even though it is there in their list.
Interesting development. Wonder how much pull hollywood movies based theme park will have in India?
They have six/seven parks globally at present so I am guessing they won’t have as many theme parks as Wonderla in India.
Hopefully, Wonderla would be able to differentiate itself from other offerings.
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Wonderla Holidays -
Q4 results and concall highlights -
Q4 outcomes -
Revenues - 97 vs 99 cr
EBITDA - 30 vs 40 cr, down 24 pc ( margins @ 29 vs 39 pc YoY )
PAT - 11 vs 22 cr, down 51 pc
Footfalls - 6.8 vs 7.1 lakh
ARPU @ Rs 1371 vs Rs 1350
FY 25 outcomes -
Revenues - 459 vs 483 cr
EBITDA - 171 vs 250 cr, down 31 pc ( margins @ 36 vs 49 pc )
PAT - 109 vs 158 cr, down 31 pc
Park wise performance for full FY 25 -
Bengaluru -
Revenues - 167 vs 196 cr, down 15 pc
Footfalls - 10.7 vs 12.7 lakh
Kochi -
Revenues - 121 vs 135 cr, down 10 pc
Footfalls - 8.7 vs 10.3 lakh
Hyderabad -
Revenues - 135 vs 134 cr
Footfalls - 9.3 vs 9.5 lakh
Bhuvneshwar ( opened in FY 25 ) -
Revenues - 20 cr
Footfalls - 1.7 lakh
Wonderla Resort Bengaluru -
Revenues - 17 vs 18 cr
ARR - 5.8 vs 5.7 k
Occupancy - 49 vs 55 pc
Expect their Chennai park to open in Q3 FY 26 ( one of their largest park )
Their new resort - ‘Isle by Wonderla’ should open in Q1 FY 26
Don’t expect anything beyond mild growth from their older parks. Most of the growth going forward is expected to be driven by newer parks ie Bhuvneshwar and Chennai
Pressure on discretionary spends is a market wide phenomenon. Don’t think this slowdown is company specific
Expecting 5-7 pc growth in footfalls ( conservative estimate ) + 3-5 growth in ARPUs in FY 26. This guidance includes Chennai park’s opening in Q3
Footfall growth in FY 27 should be much better due first full year of operations @ Chennai
Have spent 40 cr towards marketing and advertisement spends in FY 26 vs 28 cr in FY 25. This was due to expenses related to launch of new park at Bhuvneshwar. Marketing spends should remain elevated in FY 26 because of launch of Chennai park
The new resort that’s opening in Q1 is an extension of their existing resort at Bengaluru. Its a more premium offering
For a smaller park like Bhuvneshwar, company expects a footfall of 5 lakh / yr - once the park matures in 3 - 4 yrs. For next FY, they r expecting a footfall of 2.5-3 lakh
Total expenses for Chennai park are expected to be around 540 cr. Company intends to spend 390 cr of QIP money for the Chennai park
Disc: holding, biased, not SEBI registered, not a buy/sell recommendation
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Disney is trying to enter India? - claims have been floating (Disneyland in Gurgaon: Haryana CM says talks on for India’s first Mickey Mouse & Co park near Manesar - The Economic Times)
How will it impact Wonderla? positive (due to sector boost) or negative (high competition)?
My thoughts :- After reading the article I feel that it is a big project and will take many years to build. Not like the one announced in Delhi (which is an indoor one but similar to an amusement park) Since wonderla dont have any presence there at present no much impact is expected however overall customer expectations from this sector will go up hence Wonderla has to gear up for future. They are already doing it in a smaller manner by adding futuristic rides. Also at the end of the article it is said that there was a plan in 1989 which got shelved due to protest from farmers who own land there. No immediate impact is expected at present. They may open more parks in south and keep their market share intact. Next year Chennai Park will get added.
Discl : Holding wonderla
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by the time it does hapen , wonder la would have 5 more park and total 10 in country. I dont think in next 10 years India can have more than 25 theme park. Wonderla is building a good moat around theme and water park and i believe they would be a strongest one.
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Given Wonderla is targeting a different segment and the proximity matters to the customers(Wonderla mostly in South). Also the buzz created by Disney can actually benefit Wonderla. Overall I believe it is good for Wonderla.
Disc: holds position.
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