Concall transcript

Wonderla Holidays reported its highest ever Q4 with revenue of INR 135 crores (up 40% YoY) and EBITDA of INR 43.8 crores (2x growth) with 32% margins. Full year FY '26 revenue stood at INR 518.8 crores (up 13%) with EBITDA of INR 160 crores (up 9%) at 31% margins. PAT declined 25% to INR 81.7 crores due to one-time deferred tax benefit in previous year. Footfalls for Q4 grew 30% to 8.79 lakh, with full year at 32.19 lakh (up 6%). The new Chennai Park, started in December, is scaling well and performing in line with mature parks. Management targets ~40% EBITDA margins for mature parks (Chennai currently at 30%), with new parks taking 3-4 years to mature. Non-ticket revenue is 30% of total with target to reach 50-50 split with ticket revenue in 4-5 years. Capex guidance for FY '27 is INR 35-40 crores (sustaining only). Company plans to expand from 5 to 10 parks, targeting Tier 1 cities with discussions ongoing with 4 state governments.