Imagicaaworld Entertainment Limited has announced its financial results for the first quarter of FY27, reporting a 20% year-on-year increase in revenue to ₹178 crore. The company also highlighted its strategic expansion into indoor entertainment through a partnership with Hello Park, aiming to diversify its offerings and mitigate seasonality. Footfalls saw a significant 22% increase, underscoring the demand for its attractions.
Imagicaaworld Reports Strong Q1 FY27 Performance
Imagicaaworld Entertainment Limited has reported a robust start to the financial year 2027, with its first quarter (Q1 FY27) performance demonstrating significant growth. The company’s revenue from operations saw a substantial 20% year-on-year increase, reaching ₹178 crore. This growth was primarily driven by healthy footfalls across its park portfolio and sustained demand during the peak holiday season. EBITDA also saw a healthy rise of 24% year-on-year to ₹90 crore, with EBITDA margins expanding by 170 basis points to 50.7%. Profit after tax surged by 30% year-on-year to ₹58 crore, reflecting improved operating leverage.
Key Operating Metrics and Segment Performance
Consolidated park footfalls increased by an impressive 22% to over 11.5 lakh visitors. The Mumbai-Pune catchment, which remains the company’s largest revenue contributor, delivered an 18% growth in revenue, supported by a 19% increase in footfalls. The rest of Maharashtra catchment also performed exceptionally well, with revenue growing by 33% on the back of a 14% increase in footfalls. The Gujarat catchment saw footfalls increase by 32% and revenue by 15%, with the addition of Shanku’s Water Park bolstering the portfolio.
Strategic Expansion into Indoor Entertainment
A significant strategic development for Imagicaaworld is its entry into the indoor entertainment space through an exclusive partnership with Dubai-based Hello Park. This collaboration aims to leverage Hello Park’s phygital entertainment concept for children aged 3 to 13. The format is highly scalable, requiring 8,000 to 12,000 square feet per center and an estimated capex of INR8 to INR12 crore per center. The company plans to launch its first Hello Park in Hyderabad later this year and has already finalized a second location in Surat. The strategy includes adding two to three Hello Park centers annually, building a pan-India indoor entertainment network.
Industry Outlook and Future Growth
Management reiterated its vision to build India’s most diversified entertainment company, aiming to operate a portfolio of 12 parks by 2030. The company is exploring opportunities across both outdoor and indoor entertainment, guided by disciplined capital allocation. The focus remains on enhancing guest experience, operational efficiencies, and strategic geographical diversification to drive sustainable long-term value for stakeholders.
Hospitality Segment Performance
The Novotel Imagicaa hotel maintained healthy operating metrics, with occupancy at 62% during the quarter and average room rates at approximately INR9,657. The hospitality business continues to complement the park operations, demonstrating resilience.
Source: BSE
