India · Delayed Price · Currency is INR Wonderla Holidays Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 11% year-on-year in Q3, driven by the Chennai park launch and higher ARPU, though PAT declined due to labor code costs and depreciation. Resort occupancy and revenue surged, and new parks are planned within 1-2 years, with a focus on disciplined growth and operational efficiency.
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Q2 FY2026 saw record revenue and an 8x EBITDA jump, driven by digital initiatives and strong non-ticketing growth. The Chennai park is set to open soon, with expansion plans focused on large-format parks in major cities. Weather and regulatory delays remain key risks.
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Q1 FY 2026 saw a 3% YoY revenue decline to INR 169 crore, with EBITDA down 9.9% and footfalls at 9.17 lakh. Non-ticket ARPU rose 11% YoY, Isle resort outperformed expectations, and Chennai Park remains on track for a December 2025 soft launch.
Fiscal Year 2025
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Revenue for Q4 FY 2025 grew 3% year-on-year, but full-year revenue declined 5% amid softer discretionary spending. Expansion continues with new parks and digital initiatives, while EBITDA margins are expected to improve as new parks stabilize.
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Q3 FY25 saw a slight revenue decline and significant drops in EBITDA and PAT due to weather and health-related disruptions, though Hyderabad park achieved record footfalls. Management remains optimistic, with new attractions, digital initiatives, and expansion projects expected to drive future growth.
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Q2 FY25 saw a 10% YOY revenue decline and 90% drop in EBITDA due to lower footfall from adverse weather, but profit after tax rose 9% YOY on a deferred tax gain. Expansion continues with new parks, a planned INR 800 crore QIP, and a focus on boosting non-ticket revenue and digital engagement.
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Q1 FY25 saw a 6% revenue decline and 9% drop in footfalls due to weather and election disruptions, but ARPU rose 3% year-over-year. The new Bhubaneswar park outperformed expectations, and expansion plans include five new parks by 2030, with capital raising underway.