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Country Club Hospitality & Holidays Limited (CCHHL)

₹13.52 +1.35% last close, 16 Oct

📊 NSE: CCHHL 🏢 Hotels 📢 Latest filing: 08 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Country Club's revenue was ₹15.4 Cr (-36.1% year on year, -14.6% on the previous quarter), and net profit ₹0.4 Cr (+62.2% year on year); the operating margin was 18.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹15.4	-36.1%	-14.6%
Operating profit	₹2.8	+19.4%	from loss
Net profit	₹0.4	+62.2%	from loss
EPS (₹)	0.03	+50.0%	from loss
Operating margin	18.5%	—	—

Full quarterly financials → Results calendar →

CCHHL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 80.18% of the CCHHL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 80.34%. That is close to its usual level. Turnover was only ₹5 lakh, so a handful of trades can move this figure.

80.18%Delivery, 16 Oct

80.34%Own 20-session average

1.6×Volume vs its average

₹13.52NSE close · +1.35%

Delivery in the last 5 sessions: 80.3% · 76.2% · 93.9% · 70.4% · 80.2%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Country Club Schedules 35th AGM on Sept 30, 2026; Re-Appointment of CMD Proposed

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Sep 2026, 10:42 PM

Country Club Hospitality & Holidays Limited has issued notice for its 35th Annual General Meeting scheduled for September 30, 2026, via Video Conferencing. E-voting will run from September 27 to September 29, 2026, with a cut-off date of September 23, 2026. Key business items include adopting FY26 audited accounts and a special resolution to continue Sri Y. Rajeev Reddy as Chairman & Managing Director beyond the age of 70 years. The company ended FY26 with a net loss of Rs 18.05 Cr on revenue of Rs 79.81 Cr.

35th Annual General Meeting scheduled for September 30, 2026, at 02:00 PM IST via Video Conferencing
E-voting starts on September 27, 2026 (09:00 AM IST) and ends on September 29, 2026 (05:00 PM IST)
Cut-off date for e-voting eligibility set for September 23, 2026
Special resolution proposed to continue Sri Y. Rajeev Reddy as Chairman & Managing Director beyond 70 years of age

💡 Eligible shareholders should cast their votes on the AGM resolutions prior to the September 29 cut-off and monitor the disclosure of voting results post-September 30.

CCHHL to Convene 35th AGM on Sept 30, 2026; Proposes Extension for CMD Y. Rajeev Reddy

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 08 Sep 2026, 10:12 PM

Country Club Hospitality & Holidays Limited held a Board meeting on September 08, 2026, approving the Board's Report for FY26 and scheduling the 35th Annual General Meeting (AGM) for September 30, 2026. The Board also proposed continuing the employment of Sri Y. Rajeev Reddy as Chairman & Managing Director beyond the age of 70 years, effective October 02, 2026, until March 31, 2029. This leadership continuation occurs as CCHHL reported a net loss of Rs 18.05 Cr on revenues of Rs 79.81 Cr for FY26.

35th AGM scheduled for September 30, 2026, at 02:00 PM via Video Conferencing.
Continuation of Sri Y. Rajeev Reddy as CMD proposed from October 02, 2026, to March 31, 2029, beyond 70 years of age.
Board of Directors Report approved for the financial year ended March 31, 2026.
Board meeting commenced at 4:00 PM and concluded at 7:50 PM on September 08, 2026.

💡 Watch for voting outcomes at the upcoming AGM on September 30, 2026, specifically shareholder approval required by special resolution for continuing the CMD beyond 70 years of age.

Rs 0.42 Cr Consolidated PAT in Q1 FY27; Revenue Declines 36% YoY to Rs 15.36 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 08:31 PM

CCHHL reported a consolidated net profit of Rs 0.42 Cr for the quarter ended June 30, 2026, a slight improvement from Rs 0.26 Cr in the same quarter last year. However, consolidated revenue from operations fell significantly by 36% YoY to Rs 15.36 Cr, down from Rs 24.03 Cr. The core Hotel & Membership segment remains loss-making at the PBT level (Rs -0.41 Cr), with overall profitability driven entirely by the Real Estate segment (Rs 2.60 Cr PBT). The company recognized revenue from the sale of 10 flats in its Osadia Realty project during the quarter.

Consolidated revenue from operations decreased 36% YoY to Rs 15.36 Cr from Rs 24.03 Cr.
Real Estate segment revenue dropped 63% YoY to Rs 5.22 Cr compared to Rs 14.27 Cr in Q1 FY26.
Hotel & Membership segment reported a segment loss (PBT) of Rs 0.41 Cr on revenue of Rs 10.65 Cr.
Consolidated Net Profit stood at Rs 0.42 Cr, recovering from a loss of Rs 16.84 Cr in the preceding March 2026 quarter.
Revenue from the sale of 10 flats in the 'Osadia Realty' project was the primary driver of segment profitability.

💡 Investors should monitor the 'Hotel & Membership' segment's ability to reach break-even, as it currently relies on real estate sales to offset operational losses. Watch for the pace of flat sales in the Osadia Realty project as a short-term liquidity buffer.

CCHHL Q1 FY27: Revenue Drops 36% YoY to ₹15.36 Cr; Net Profit at ₹0.42 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 08:27 PM

Country Club Hospitality & Holidays Limited (CCHHL) reported a 36.1% YoY decline in consolidated revenue from operations to ₹15.36 Cr for Q1 FY27. Despite the revenue contraction, the company posted a marginal consolidated net profit of ₹0.42 Cr, compared to a loss of ₹16.84 Cr in the previous quarter (which was impacted by exceptional items). Profitability was primarily supported by the Real Estate segment, which contributed ₹2.60 Cr in segment profit from the sale of 10 flats, while the core Hotel & Membership segment recorded a loss of ₹0.41 Cr.

Consolidated revenue from operations decreased to ₹15.36 Cr from ₹24.03 Cr in the same quarter last year.
Real Estate segment recognized revenue of ₹5.22 Cr from the sale of 10 flats in the Osadia Realty project.
Hotel & Membership segment revenue declined slightly to ₹10.65 Cr from ₹11.17 Cr YoY.
Consolidated Net Profit stood at ₹0.42 Cr, a thin margin of 2.7% on total revenue of ₹15.87 Cr.
Total expenses were reduced significantly to ₹15.51 Cr from ₹25.04 Cr in Q1 FY26, primarily due to lower material consumption.

💡 Investors should monitor if the company can sustain real estate sales to offset losses in its core hospitality business, which continues to see declining revenue and negative segment results.

CCHHL Confirms Compliance with SEBI Dematerialization Regulations for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 14 Jul 2026, 07:55 PM

Country Club Hospitality & Holidays Limited (CCHHL) has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Aarthi Consultants Private Limited, confirmed that all share certificates received for dematerialization between April 1, 2026, and June 30, 2026, were processed. The physical certificates were mutilated and cancelled, and the depository's name was substituted in the records as the registered owner. This is a routine administrative filing with no impact on the company's financial performance or business operations.

Compliance period covered is from 01/04/2026 to 30/06/2026
Confirmed processing of dematerialization requests within 15 days of receipt
Registrar Aarthi Consultants Private Limited (SEBI Regn. No. INR000000379) issued the certificate
Physical certificates were mutilated and cancelled as per regulatory requirements

💡 No action is required from investors as this is a routine procedural filing confirming the company's adherence to share-handling regulations.

CCHHL Announces Trading Window Closure from July 01, 2026 for Q1 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 09:50 PM

Country Club Hospitality & Holidays Limited (CCHHL) has notified the exchanges that its trading window will be closed starting July 01, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. This is a standard regulatory procedure and does not reflect any change in the company's business operations or financial health.

Trading window closure effective from July 01, 2026
Closure pertains to the financial results for the quarter ending June 30, 2026
Window to reopen 48 hours after the official results announcement
Company reported a TTM net loss of Rs 18 Cr and negative OPM of -21.2%
Promoter holding remains stable at 73.8% as of March 2026

💡 Investors should focus on the upcoming Q1 FY27 earnings release to evaluate if the company can improve its operating margins, which were -21.2% on a TTM basis.

CCHHL FY26 Results: Standalone Revenue Up 70%, Consolidated Loss at ₹17.63 Cr on Impairment

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 10 Jun 2026, 04:27 PM

Country Club Hospitality & Holidays Limited (CCHHL) reported a strong 70% growth in standalone revenue from operations, reaching ₹7,831.52 Lakhs for FY26. However, the consolidated performance was severely impacted by a massive goodwill impairment of ₹2,561.54 Lakhs, leading to a consolidated net loss of ₹1,763.41 Lakhs compared to a profit of ₹437.93 Lakhs in the previous year. A significant accounting adjustment was made regarding a ₹20.91 crore deposit from a Joint Development Agreement, which was converted from a refundable liability to a non-refundable area allotment. Despite the consolidated loss, the standalone entity turned a small profit of ₹42.96 Lakhs.

Standalone Revenue from Operations increased to ₹7,831.52 Lakhs in FY26 from ₹4,597.11 Lakhs in FY25.
Consolidated net loss stood at ₹1,763.41 Lakhs for the full year, primarily due to ₹2,561.54 Lakhs in goodwill impairment.
A ₹20.91 crore refundable deposit from Yoty Estates Private Limited was adjusted against additional area allotment, ceasing to be a liability.
Standalone EPS turned positive at ₹0.03 for FY26, compared to a negative ₹0.10 in FY25.
Total consolidated assets decreased to ₹51,946.84 Lakhs from ₹59,567.66 Lakhs year-on-year.

💡 Investors should exercise caution as the significant goodwill impairment and consolidated losses indicate potential stress in subsidiary valuations. Monitor the execution of the modified Joint Development Agreement and its impact on the company's long-term asset base.

CCHHL FY26 Results: Standalone Profit of ₹42.96 Lakhs; Consolidated Loss of ₹17.63 Cr on Impairment

🔵 WATCH ⭐ 7/10

EARNINGS 📅 30 May 2026, 10:13 PM

Country Club Hospitality & Holidays Limited (CCHHL) reported a standalone net profit of ₹42.96 Lakhs for FY26, recovering from a loss of ₹169.91 Lakhs in FY25. Standalone revenue grew significantly to ₹11,622.70 Lakhs, though this was heavily aided by 'Other Income' of ₹3,791.17 Lakhs, including a ₹20.91 Crore liability adjustment. On a consolidated basis, the company swung to a net loss of ₹1,763.41 Lakhs, primarily dragged down by a substantial goodwill impairment of ₹2,561.54 Lakhs. Operational expenses also rose, with standalone other expenditure increasing to ₹4,965.27 Lakhs for the full year.

Standalone FY26 revenue rose 69.6% YoY to ₹11,622.70 Lakhs from ₹6,851.05 Lakhs.
Consolidated FY26 net loss stood at ₹1,763.41 Lakhs vs a profit of ₹437.93 Lakhs in FY25.
Recognized a massive one-time impairment loss of ₹2,561.54 Lakhs on goodwill in consolidated results.
Adjusted a ₹20.91 Crore refundable deposit from Sahiti Estates as non-refundable income following a contract modification.
Wrote back ₹441 Lakhs from long-outstanding creditor balances into the Profit and Loss account.

💡 Investors should exercise caution as the standalone turnaround is primarily driven by one-time accounting adjustments and creditor write-backs rather than core hospitality growth. The large goodwill impairment on the consolidated books suggests a significant devaluation of subsidiary assets.

CCHHL FY26 Revenue Jumps 58% to ₹116 Cr; Consolidated Loss at ₹17.6 Cr on Goodwill Impairment

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 30 May 2026, 10:06 PM

Country Club Hospitality & Holidays Limited (CCHHL) reported a robust 58.5% year-on-year growth in consolidated total revenue, reaching ₹11,622.70 Lakhs for FY26. Despite the top-line growth, the company posted a consolidated net loss of ₹1,763.41 Lakhs, a sharp reversal from the ₹437.93 Lakhs profit in FY25, primarily due to a massive goodwill impairment of ₹2,561.54 Lakhs. On a standalone basis, the company turned profitable with a net profit of ₹42.96 Lakhs. A key balance sheet event involved the modification of a Joint Development Agreement, converting a ₹20.91 crore refundable deposit into a non-refundable adjustment against property area.

Consolidated Total Revenue grew significantly to ₹11,622.70 Lakhs in FY26 from ₹7,330.15 Lakhs in FY25.
Reported a consolidated net loss of ₹1,763.41 Lakhs for the year, impacted by a ₹2,561.54 Lakhs impairment of goodwill.
Standalone net profit stood at ₹42.96 Lakhs for FY26, improving from a loss of ₹169.92 Lakhs in the previous year.
Modified Joint Development Agreement with Sahary Estates resulted in a ₹20.91 crore refundable deposit being adjusted as non-refundable.
The company wrote back ₹441 Lakhs from long-outstanding creditor balances to the Profit and Loss account.

💡 Investors should weigh the strong revenue growth against the substantial consolidated loss caused by non-cash impairment charges. Close monitoring of the company's debt levels and the execution of its joint development projects is advised given the significant balance sheet adjustments.

CCHHL Promoters Declare Zero Pledged Shares for FY 2025-26

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 26 May 2026, 02:54 PM

Country Club Hospitality & Holidays Limited (CCHHL) has filed its annual declaration under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter group, which holds a significant combined stake of approximately 73.8%, confirmed that no shares were pledged or encumbered during the year. Lead promoter Y. Rajeev Reddy maintains a dominant 65.05% stake in the company. This routine disclosure provides transparency and confirms the absence of promoter-level debt-related risks involving share collateral.

Promoter group confirms zero encumbrance or pledge on equity shares for the FY ended March 31, 2026.
Lead promoter Y. Rajeev Reddy holds 10,63,37,986 shares, representing a 65.05% stake.
Total promoter and promoter group holding remains high at approximately 73.8% across five members.
The declaration was made in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.

💡 No immediate action is required as this is a routine regulatory filing confirming the status quo of promoter holdings. Investors should focus on the company's operational performance and hospitality sector trends.

CCHHL Submits Quarterly SEBI Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Apr 2026, 05:41 PM

Country Club Hospitality & Holidays Limited has filed its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The company's registrar, Aarthi Consultants Private Limited, confirmed that all security certificates received for dematerialization were processed within the stipulated 15-day timeframe. The process involved the mutilation and cancellation of physical certificates and the substitution of the depository's name in the records. This is a standard administrative filing ensuring the integrity of the company's electronic shareholding data.

Compliance certificate issued for the period from January 1, 2026, to March 31, 2026.
Confirmation that dematerialization requests were completed within 15 days of receipt.
Registrar verified that physical certificates were mutilated and cancelled as per SEBI norms.
The depository has been substituted as the registered owner in the company records for the dematerialized shares.

💡 No action is required from investors as this is a routine regulatory filing confirming standard administrative compliance.

CCHHL Announces Trading Window Closure from April 1, 2026, for Q4 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Mar 2026, 05:42 PM

Country Club Hospitality & Holidays Limited (CCHHL) has informed the stock exchanges that its trading window will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending March 31, 2026. The window will remain shut for all designated persons and those with access to unpublished price-sensitive information. It is scheduled to reopen 48 hours after the financial results are officially announced to the public.

Trading window closure effective from April 1, 2026.
Closure pertains to the financial results for the quarter ending March 31, 2026.
Window will reopen 48 hours after the official declaration of results.
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory announcement with no direct impact on company fundamentals; investors should wait for the upcoming Q4 financial results for performance updates.

CCHHL Q3 FY26 Revenue Grows 39% YoY; Consolidated Net Loss Widens to ₹1.31 Crore

🔵 WATCH ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 07:44 PM

Country Club Hospitality & Holidays Limited (CCHHL) reported a 39% year-on-year increase in consolidated revenue from operations, reaching ₹15.88 crore for the quarter ended December 31, 2025. However, the company's consolidated net loss widened to ₹1.31 crore from a loss of ₹1.12 crore in the corresponding quarter of the previous year. On a nine-month basis, the company showed significant recovery, with revenue nearly doubling to ₹59.99 crore and net losses narrowing substantially from ₹4.70 crore to ₹0.82 crore. The Real Estate segment provided a profitable cushion, while the core Hotel & Membership segment continued to report losses.

Consolidated Revenue from Operations increased 39% YoY to ₹1,588.24 Lakhs.
Consolidated Net Loss for Q3 FY26 stood at ₹131.12 Lakhs compared to ₹112.23 Lakhs in Q3 FY25.
Nine-month consolidated revenue jumped to ₹5,998.92 Lakhs from ₹3,318.48 Lakhs in the previous year period.
Real Estate segment reported a profit of ₹260.30 Lakhs, while Hotel & Membership segment lost ₹293.78 Lakhs in Q3.
Finance costs saw a sharp decline to ₹5.04 Lakhs in Q3 FY26 from ₹48.47 Lakhs in Q3 FY25.

💡 Investors should focus on the company's 9-month trajectory which shows a significant reduction in losses and strong revenue growth. While the quarterly loss widening is a concern, the reduction in finance costs and profitable real estate segment are positive indicators to watch for long-term recovery.

CCHHL Q3 FY26 Revenue Rises 39% YoY to ₹15.88 Cr; Net Loss Widens to ₹1.31 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 07:40 PM

Country Club Hospitality & Holidays Limited (CCHHL) reported a 39% year-on-year increase in consolidated revenue from operations to ₹15.88 crore for the quarter ended December 31, 2025. Despite the revenue growth, the company's consolidated net loss widened to ₹1.31 crore from a loss of ₹1.12 crore in the same period last year. The results highlight a divergence in segment performance, where the Real Estate division turned a profit of ₹2.60 crore, but the core Hotel & Membership segment suffered a loss of ₹2.94 crore. A notable positive was the sharp reduction in finance costs, which fell to ₹5.04 lakhs from ₹48.47 lakhs YoY.

Consolidated Revenue from Operations grew 39% YoY to ₹1,588.24 Lakhs.
Consolidated Net Loss widened to ₹131.12 Lakhs compared to ₹112.23 Lakhs in Q3 FY25.
Hotel & Membership segment reported a loss of ₹293.78 Lakhs on revenue of ₹1,176.40 Lakhs.
Real Estate segment contributed a profit of ₹260.30 Lakhs on revenue of ₹529.75 Lakhs.
Finance costs significantly decreased to ₹5.04 Lakhs from ₹48.47 Lakhs in the previous year's quarter.

💡 Investors should remain cautious as the core hospitality business continues to be loss-making despite higher revenues. The reliance on real estate for profitability and the widening overall loss suggest operational challenges that need to be addressed.

Country Club Hospitality & Holidays Complies with SEBI Demat Regulations for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Jan 2026, 04:43 PM

Country Club Hospitality & Holidays Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Aarthi Consultants Private Limited, confirms compliance for the quarter ending December 31, 2025. It verifies that share certificates received for dematerialization were processed within the mandated 15-day timeframe. This is a standard administrative filing ensuring that physical shares are correctly converted to electronic form and listed on exchanges.

Compliance confirmed for the period from October 1, 2025, to December 31, 2025
Dematerialization requests processed within the statutory 15-day limit by the Registrar
Physical certificates were mutilated, cancelled, and the depository name was substituted in records
Registrar Aarthi Consultants Private Limited (SEBI Regn. No. INR000000379) issued the certificate

💡 No action is required as this is a routine regulatory compliance filing. Investors should continue to monitor the company's operational performance and upcoming quarterly financial results.

View All CCHHL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations was INR 45.98 Cr in FY25, representing a 12.2% decline from INR 52.36 Cr in FY24. Other income grew 39.4% to INR 22.54 Cr from INR 16.17 Cr.

Geographic Revenue Split

Not disclosed in available documents, though the company originated in South India and operates 223 clubs across India and global affiliations.

Profitability Margins

Net margin was -3.7% in FY25 (loss of INR 1.70 Cr) compared to -2.3% in FY24 (loss of INR 1.22 Cr). Profitability is pressured by high operating costs and impairment losses.

EBITDA Margin

EBITDA margin improved to 26.9% in FY25 from 23.7% in FY24, driven by a 20.3% reduction in employee benefit expenses (INR 13.80 Cr vs INR 17.31 Cr).

Capital Expenditure

Capital expenditure on property, plant, and equipment was INR 9.22 Cr in FY25, a significant reduction from INR 35.49 Cr in FY24.

Credit Rating & Borrowing

ICRA has classified the company under the 'non-cooperation' category. Debt was restructured in 2016, reducing principal repayment obligations from INR 72.51 Cr to INR 30.57 Cr over two years.

⚙️ Operational Drivers

Raw Materials

Food and materials (17.7% of revenue from operations) and construction materials for flat sales (4.2% of revenue from operations).

Capacity Expansion

Current capacity includes 51 properties (33 owned, 16 associated, 2 leased) and 223 clubs. No specific expansion timeline for new properties was provided.

Raw Material Costs

Cost of materials consumed was INR 8.16 Cr in FY25, down 18.9% from INR 10.06 Cr in FY24. Construction material costs were INR 1.93 Cr.

📈 Strategic Growth

Growth Strategy

The company aims to leverage its position as India's largest family club chain (223 clubs) and its 4.37 lakh membership base. Growth is driven by new membership additions, which contribute 72% of operating income, and expanding global vacation affiliations.

Products & Services

Family clubbing facilities, timeshare vacations, fitness centers, and holiday services.

Brand Portfolio

Country Club, Country Vacations, Amrutha Estates.

Market Expansion

Focus on making clubbing accessible to the upwardly mobile population in India through a network of 223 clubs.

Market Share & Ranking

Largest chain of family clubs in India.

Strategic Alliances

Affiliation with RCI providing members access to 3,900 resorts worldwide.

🌍 External Factors

Industry Trends

The hospitality sector is shifting toward affordable, family-centric clubbing. CCHHL is positioned as a market leader but faces disruption risks due to high debt and a reliance on new member sales over renewals (renewals at ~35%).

Competitive Landscape

Competes in the fragmented Indian hospitality and timeshare market against both organized and unorganized players.

Competitive Moat

Moat is built on a massive network of 223 clubs and 4.37 lakh members, creating high switching costs and network effects. However, sustainability is threatened by financial non-cooperation and persistent net losses.

Macro Economic Sensitivity

Highly sensitive to discretionary spending and interest rates. Finance costs decreased 49.2% to INR 1.91 Cr in FY25, reflecting debt reduction or rate changes.

Consumer Behavior

Increasing demand for affordable leisure and clubbing facilities among the upwardly mobile Indian population.

⚖️ Regulatory & Governance

Industry Regulations

Complies with Ind AS 34, SEBI (LODR) Regulations 2015, and the Companies Act 2013.

Taxation Policy Impact

The company recorded a deferred tax expense of INR 0.63 Cr in FY25.

Legal Contingencies

Auditors highlighted an 'Emphasis of Matter' regarding investments in subsidiary companies being carried at historical cost rather than fair value, which could impact asset valuation.