Amusement Parks/ Other Recreation industry
8 companies · ₹8,390 cr · 1 with AI deep dives · Q1FY27 report
Domestic leisure hits record RevPAR while West Asia conflict suppresses FTAs and spikes fuel costs
- Revenue YoY
- +17.6%
- EBITDA margin
- 39.6%
- +200bps YoY
- Price, 1 year
- -16.3%
- 0% of names up
- P/E vs own 5y
- -
Exhibit 1The quarter in numbers
constant panel of 3 companies above ₹500 cr- Jun 26
- 589 cr
- Mar 26
- 389 cr
- QoQ
- +51.4%
- Jun 25
- 501 cr
- YoY
- +17.6%
- Peak
- 589 cr
- vs peak
- 0.0%
- Jun 26
- 39.6%
- Mar 26
- 25.2%
- QoQ
- +1440bps
- Jun 25
- 37.6%
- YoY
- +200bps
- Peak
- 39.6%
- vs peak
- 0bps
Breadth: 67% of 3 companies grew revenue year on year (was 33% a quarter earlier) and 67% expanded margin (was 33%).
Exhibit 3Structure
₹8,390 crWonderla Holidays Ltd is 40.3% of this industry by market cap. The top 5 are 99.7% and the top 10 are 100%.
Exhibit 5Coverage (9 of 9)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹2,959 cr
- P/E
- 209.2x
- EV/EBITDA
- 26.1x
- ROCE
- 1.8%
- Margin
- 35.0%
- Rev YoY
- +19.9%
Exhibit 6What managements said
from Leisure Services earnings calls · as of 2026-06-30The Iran-US war acted as a common external shock across every major sub-segment. For hotels, international FTAs fell ~10% YoY at upscale portfolios and airline capacity was cut…
- CHALET (Q1FY27): “International business, ex of crew, remained flat year-on-year due to the West Asia…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
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