Name: Latest research reports of Wonderla Holidays Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Wonderla Holidays Ltd.
Rating: 5
Author: ICICI Securities Limited

Pricing momentum drives revenue

Buy: Wonderla Holidays Ltd.

Target

ICICI Securities Limited

Wonderla Holidays (Wonderla) delivered another strong quarter in Q2FY23 which is typically the weakest quarter owing to monsoon with revenue of Rs0.7bn which was 62% higher than pre-Covid (Q2FY20) levels on the back of total footfalls growing 32% over pre-Covid levels along with average ticket revenue per user (ARPU) up by 22% vs. pre-Covid levels.