My sense is that current moderate margin profile is here to stay because they will be in expansion mode for next 4-5 yrs (with one new park being added every 1-2 years) at least. Hence until operational parks count becomes substantial their margin numbers will continue to be dragged down because of operating de-leverage.
On topline growth, Bangalore had serious water crisis in Q1 and that could have hit them adversely. With focus on product mix change (such as adding resort rooms), maintenance & brownfield capex, new parks coming up every 1-2 years, they should be able to grow their topline in double digit going forward.
Note: Not invested neither SEBI registered.
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