M&M announces dedicated strategic focus on Holidays and Lifespaces businesses
M&M · price
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M&M will give dedicated strategic focus to its Holidays (Mahindra Holidays) and Lifespaces (Mahindra Lifespaces) units to accelerate growth. Lifespaces pre-sales grew 5X from about 700 Cr to about 3500 Cr since FY20, GDV rose from 8K Cr to 50K Cr, now profitable at about 300 Cr. Mahindra Holidays has 3 lakh members, 1700+ rooms, and just launched luxury brand Mahindra Signature Resorts. MLDL CEO Amit Sinha will lead the new combined sector once his successor is named.
Positive: M&M is giving focused leadership and strategic attention to high-growth real estate and hospitality units, potentially unlocking more value.