Mahindra Holidays cuts emission intensity in FY26
Mahindra Holidays & Resorts India Limited filed its Business Responsibility and Sustainability Report for FY 2025-26, reporting a reduction in greenhouse gas emission intensity to 20.55 tCO2e/INR Cr. The company achieved a waste recovery rate of 98.85% and sourced 15.49% of its energy from renewable sources. Water consumption decreased to 12,65,200 kilolitres, while the company maintained a Zero Liquid Discharge regime.

*this image is generated using AI for illustrative purposes only.
Mahindra Holidays & Resorts India Limited filed its Business Responsibility and Sustainability Report for FY 2025-26 with the stock exchanges on June 26, 2026. The report outlines the company's performance on environmental, social, and governance (ESG) parameters, highlighting a reduction in greenhouse gas emission intensity and advancements in waste management and water conservation.
Environmental Performance
The company reported a total energy consumption of 2,67,298 GJ for FY 2025-26, with renewable sources accounting for 15.49% of the total energy consumed. This included 41,411 GJ from on-site solar installations across 37 resorts. Total Scope 1 and Scope 2 emissions stood at 33,150 tCO2e, while the emission intensity per rupee of turnover decreased to 20.55 tCO2e/INR Cr from 23.38 tCO2e/INR Cr in the previous year.
Water consumption totalled 12,65,200 kilolitres, a decrease from 14,05,578 kilolitres in FY 2024-25. Water intensity per rupee of turnover improved to 784.23 kl/INR Cr. The company operates a Zero Liquid Discharge regime across resorts, with approximately 47% of total resort water consumption met through recycled water.
Waste Management
MHRIL generated 2,995.11 metric tonnes of waste in FY 2025-26. The company achieved a waste recovery rate of 98.85%, recycling 2,479.79 tonnes, reusing 261.14 tonnes, and undertaking other recovery operations for 219.74 tonnes. Only 34.44 tonnes of waste were sent to landfill or incinerated. The company has eliminated single-use plastics across managed resort operations.
Social and Governance Metrics
The company reported 7,592 employees, with 21.2% female representation. Permanent employees accounted for 5,684 of the workforce. The company spent 0.19% of its total revenue on employee well-being measures. The Lost Time Injury Frequency Rate (LTIFR) was recorded at 0.30 per million person hours worked, with zero fatalities reported.
Regarding governance, the company disclosed one instance of a penalty amounting to ₹13,92,975 imposed by the Himachal Pradesh State Pollution Control Board regarding treated water standards at the Snow Peaks Manali resort. The report received limited assurance from DNV Business Assurance India Pvt. Ltd.
| Key Metrics | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Energy Consumption (GJ) | 2,67,298 | 2,69,839 |
| Renewable Energy Share | 15.49% | 11.4% |
| Total GHG Emissions (tCO2e) | 33,150 | 36,117 |
| Emission Intensity (tCO2e/INR Cr) | 20.55 | 23.38 |
| Water Consumption (kL) | 12,65,200 | 14,05,578 |
| Waste Generated (MT) | 2,995.11 | 1,187.73 |
| Waste Recovery Rate | 98.85% | 96.21% |
Historical Stock Returns for Mahindra Holidays
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.55% | -0.32% | +9.58% | -21.75% | -29.11% | +43.59% |
What are the company's specific targets for increasing the renewable energy share beyond the current 15.49% over the next five years?
How will the recent penalty imposed by the Himachal Pradesh State Pollution Control Board impact operational protocols and compliance costs at other resorts?
What capital investments are planned to further reduce water intensity given the significant drop in consumption this year?































