Wonderla Holidays Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Wonderla Holidays Ltd filed with BSE on 15 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Wonderla reported its highest ever Q4 with income growing 32% year-on-year to about Rs 142 crore and EBITDA up 64% year-on-year to Rs 50 crore, while full year income grew 14% to Rs 551.1 crore with footfalls of 32.19 lakh. The Chennai park, which commenced operations in December, scaled up and contributed to performance, while Hyderabad footfalls declined for the second consecutive year due to weather and school-group disruptions. Management discussed capex plans, depreciation trends, resort expansion, and ongoing discussions with state governments for new park locations.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Income: INR142 crores (Q4 FY26)
p. 2
“During this quarter, we had our highest ever Q4 with an income growing by 32% Y-o-Y, about INR142 crores, supported by footfalls of roughly INR8.79 lakhs.”
Arun Chittilappilly, page 2 of the filed PDF · View the filing
EBITDA: INR50 crores, up 64% year-on-year (Q4 FY26)
p. 2
“EBITDA for the quarter stood at INR50 crores, up 64% year-on-year.”
Arun Chittilappilly, page 2 of the filed PDF · View the filing
Income: INR551.1 crores (FY26)
p. 2
“For the full year, income grew by 14% Y-o-Y, INR551.1 crores with footfalls of INR32.19 lakh.”
Arun Chittilappilly, page 2 of the filed PDF · View the filing
EBITDA: INR192.5 crores, up 12% Y-o-Y (FY26)
p. 2
“EBITDA for the year stood at INR192.5 crores, up 12% Y-o-Y.”
Arun Chittilappilly, page 2 of the filed PDF · View the filing
Revenue from operations: INR135 crores (Q4 FY26)
p. 3
“Our revenue from operations for Q4 FY 2026 increased by 40% on a year-on-year basis to INR135 crores compared to INR96.7 crores in the corresponding quarter of FY 2025.”
Saji Louiz, page 3 of the filed PDF · View the filing
EBITDA margin: 32% (Q4 FY26)
p. 3
“Our EBITDA for the quarter stood at INR43.8 crores, registering a growth of 2x on a year-on-year basis with EBITDA margins at 32%.”
Saji Louiz, page 3 of the filed PDF · View the filing
Profit after tax: INR16.4 crores (Q4 FY26)
p. 3
“Profit after tax for the quarter came in at INR16.4 crores compared to INR11 crores in Q4 FY 2025, reflecting a year-on-year growth of 49%.”
Saji Louiz, page 3 of the filed PDF · View the filing
Revenue from operations: INR518.8 crores (FY26)
p. 3
“Revenue from operations stood at INR518.8 crores as against INR458.6 crores in FY 2025, representing a growth of 13%.”
Saji Louiz, page 3 of the filed PDF · View the filing
EBITDA margin: 31% (FY26)
p. 3
“EBITDA for the year stood at INR160 crores, up by 9% on a year-on-year basis with EBITDA margins at 31%.”
Saji Louiz, page 3 of the filed PDF · View the filing
Profit after tax: INR81.7 crores (FY26)
p. 3
“Profit after tax for FY 2026 stood at INR81.7 crores compared to INR109.3 crores in the previous financial year, reflecting a degrowth of 25%, primarily due to the favorable deferred tax record recorded in the previous financial year amounting to INR24.1 crores.”
Saji Louiz, page 3 of the filed PDF · View the filing
Footfalls: INR8.79 lakh, 30% Y-o-Y growth (Q4 FY26)
p. 3
“Coming to the operational metrics, footfalls for the quarter stood ats INR8.79 lakh, registering a year-on-year growth of 30%, primarily supported by the newly expanded operations.”
Saji Louiz, page 3 of the filed PDF · View the filing
Footfalls: INR32.19 lakh, 6% growth (FY26)
p. 3
“FY 2026 total footfall reached INR32.19 lakh as compared to INR30.49 lakh in the previous year, reflecting a growth of 6%.”
Saji Louiz, page 3 of the filed PDF · View the filing
Chennai Park EBITDA margin: 30% (Q4 FY26)
p. 9
“We don't know EBITDA. 30% is the EBITDA margin for the last quarter.”
Arun Chittilappilly, page 9 of the filed PDF · View the filing
Depreciation: INR80 crores, INR83 crores (current run-rate)
p. 14
“Depreciation number at present is about INR80 crores, INR83 crores.”
Saji Louiz, page 14 of the filed PDF · View the filing
Bhubaneswar footfall: close to 2 lakhs (FY26)
p. 13
“So, we've been able to get close to 2 lakhs footfall this year.”
Dheeran Choudhary, page 13 of the filed PDF · View the filing
Non-ticket revenue share: 30%
p. 14
“Here, I think non-ticket revenue is only 30% and our ticket revenue is 70%.”
Arun Chittilappilly, page 14 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Capex — INR35 crores to INR40 crores · FY27
stated firmly by Saji Louiz,direction:null
p. 4
“There could be certain sustaining capex, about some INR35 crores to INR40 crores in the financial year.”
Saji Louiz,direction:null, page 4 of the filed PDF · View the filing
Chennai depreciation — INR45 crores to INR50 crores · FY27
stated firmly by Saji Louiz
p. 9
“On a yearly basis, it can touch about INR45 crores to INR50 crores in the financial year FY 2027.”
Saji Louiz, page 9 of the filed PDF · View the filing
EBITDA margin — about 40% · next financial year
stated conditionally by Saji Louiz
p. 10
“I think it will settle down in the next financial year and we would be able to reach at that level as long as all the parks are delivering the expectation, including the Chennai Park.”
Saji Louiz, page 10 of the filed PDF · View the filing
Bhubaneswar footfall — around 2.5 lakhs · coming financial year
stated as an aspiration by Dheeran Choudhary
p. 13
“So our first milestone is can we get to around 2.5 lakhs footfall in the coming financial year.”
Dheeran Choudhary, page 13 of the filed PDF · View the filing
Bhubaneswar footfall — 3, 3.2 lakhs · 2 to 4 years
stated as an aspiration by Dheeran Choudhary
p. 13
“I think in the midterm, ranging about 2 to 4 years, we see this definitely go to 3, 3.2.”
Dheeran Choudhary, page 13 of the filed PDF · View the filing
Non-ticket revenue share — 50-50 · next 4, 5 years
stated as an aspiration by Arun Chittilappilly
p. 14
“But definitely, I think in the next 4, 5 years, it should move to the 50-50 mark.”
Arun Chittilappilly, page 14 of the filed PDF · View the filing
New park additions — at least another 5 parks, 2-3 done in 5 years · next 5 years
stated as an aspiration by Arun Chittilappilly
p. 8
“We will be adding like I said we want to -- we are right now at 5. We want to add at least another 5 more.”
Arun Chittilappilly, page 8 of the filed PDF · View the filing
New park deal closure — 1 or 2 deals · this year
stated conditionally by Arun Chittilappilly
p. 5
“We are hoping that we can close 1 or 2 deals this year.”
Arun Chittilappilly, page 5 of the filed PDF · View the filing
Resort ADR — 7% to 12% increase · after refurbishment
stated firmly by Saji Louiz
p. 15
“We expect about a 7% to 12% increase in ADR after refurbishment.”
Saji Louiz, page 15 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management attributed Chennai's dip to seasonality and launch-month effect, and Hyderabad's decline to environmental issues including early monsoons and Operation Sindoor.
Answered by Arun Chittilappilly
Asked by Shamit Ashar: Why did Chennai footfalls moderate after the strong December launch, and why did Hyderabad footfalls decline in FY26?
p. 4
“On your second question regarding Hyderabad, because of some environmental issues, if you remember, in the summers of last year, there was a war, Operation Sindoor, there were some early monsoons.”
Arun Chittilappilly, page 4 of the filed PDF · View the filing
Management said parks typically mature in 3-4 years and it's too early to predict, though early indicators are strong.
Answered by Arun Chittilappilly
Asked by Keshav Garg: How long will it take for the Chennai park to mature, and can it reach Bangalore's levels?
p. 4
“Usually, for us, the park matures in 3 to 4 years. And yes, I think it can rival Bangalore also. We don't know yet.”
Arun Chittilappilly, page 4 of the filed PDF · View the filing
Management said the flat figure is due to one small park added in 2022, and Chennai should add materially to footfalls going forward.
Answered by Arun Chittilappilly
Asked by Ankit Kanodia: Is the amusement park industry facing structural footfall stagnation given total footfalls have stayed flat despite park additions?
p. 6
“So I think Chennai will definitely give like a 7 lakh to 8 lakh visitor kind of number.”
Arun Chittilappilly, page 6 of the filed PDF · View the filing
Management said it relates to new rides including the Sky Wheel tower at Chennai and a roller coaster at Bangalore, to be capitalized in Q1 FY27.
Answered by Saji Louiz
Asked by Girish: What does the capital work in progress of INR102.9 crores relate to?
p. 6
“This is mainly through certain rights, which we are opened in the month of April. One is the Sky Wheel tower at our Chennai Park and certain other new attractions are in the making.”
Saji Louiz, page 6 of the filed PDF · View the filing
Management cited early monsoons, weather conditions, and a school-group ban following road incidents that pulled back footfall by an estimated 50,000-60,000.
Answered by Dheeran Choudhary
Asked by Aditya: What caused Hyderabad's footfall decline for a second consecutive year?
p. 12
“There were certain road incidents due to which there was a ban on school groups. So that actually pulled back some of our footfall in estimate of 50,000 to 60,000.”
Dheeran Choudhary, page 12 of the filed PDF · View the filing
Management explained that corporate cost centers, one-time labor code expenses, ESOP expenses, and Chennai launch expenses weighed on consolidated margins.
Answered by Saji Louiz
Asked by Rachna Kukreja: Why are corporate-level EBITDA margins at 30% when Chennai does 30% and older parks do 40%?
p. 16
“And then FY 2026, we had certain onetime expenses because of the labor code changes.”
Saji Louiz, page 16 of the filed PDF · View the filing
Management said day outings require planning and repeat visits within a year are uncommon unless the visitor is in the right target age group.
Answered by Arun Chittilappilly
Asked by Rachna Kukreja: Why don't new rides drive repeat visitation across parks?
p. 16
“People don't visit parks multiple times a year because day outing needs a lot of planning.”
Arun Chittilappilly, page 16 of the filed PDF · View the filing
Risks flagged
Discretionary spend pressure from geopolitical tensions affecting demand
p. 5
“discretionary spend could be under pressure if the war and all continues, but let's hope that doesn't happen”
Arun Chittilappilly, page 5 of the filed PDF · View the filing
Weather-related disruptions such as early monsoons and heat waves impacting footfalls
p. 4
“there was a war, Operation Sindoor, there were some early monsoons. And that led to a softening of the demand, which sort of impacted our FY '26 for Hyderabad.”
Arun Chittilappilly, page 4 of the filed PDF · View the filing
Difficulty and delays in acquiring land in Tier 1 cities for new parks
p. 10
“Tier 1 cities like Bombay, Delhi and Ahmedabad, it's much harder to find good parcels of land and then also the dealing with the government takes a little bit more time.”
Arun Chittilappilly, page 10 of the filed PDF · View the filing
Heavy regulatory licensing burden from state governments
p. 12
“We need at least 50 to 60 licenses from the state governments every year, which has to be renewed, et cetera, et cetera.”
Arun Chittilappilly, page 12 of the filed PDF · View the filing
School group bans following road incidents impacting footfall
p. 12
“There were certain road incidents due to which there was a ban on school groups.”
Dheeran Choudhary, page 12 of the filed PDF · View the filing
Structural business variability due to weather and macro factors affecting a location-based entertainment business
p. 11
“variability levels and the effect of weather and other macro factors will be high.”
Arun Chittilappilly, page 11 of the filed PDF · View the filing
Geopolitical tensions in West Asia potentially impacting supply
p. 15
“This year, as of now, there are certain tensions in the other West Asia and all those things, which is impacting certain supply-related concerns, not completely impacted our numbers as of now, but we need to wait and see how it will conclude.”
Saji Louiz, page 15 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.