Wonderla Holidays Initiating Coverage Report By Edelweiss

Wonderla Holidays (Wonderla), India’s largest amusement park chain, is set for an adrenaline rush propelled by the likely recovery in discretionary spending. Reasonable prices, credible brand equity, in-house manufacturing, improving resort occupancy and experienced management team give it a distinctive competitive edge. Riding 2 successful operational parks and 1 on the horizon, we expect commendable revenue, EBITDA and PAT CAGR of 31.9%, 28.3% and 18.6%, respectively, over FY15-17. We initiate coverage with ‘BUY’.

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