Imagicaaworld Q1 FY27: Footfalls Up 22% to 11.54 Lakhs; Expands Presence in Gujarat
Imagicaaworld Entertainment Limited reported a 22% year-on-year increase in Q1 FY27 footfalls to 11.54 lakh. The company is expanding into Gujarat via a partnership for Shanku's Water Park and plans a second 'Hello Park' in Surat, with the first to open in Q3 FY27. Hotel occupancy was 63%.
The footfall growth and expansion plans are positive developments, but the temporary closure of the water park and slight dip in hotel occupancy moderate the overall impact.
The company reported strong footfall growth and strategic expansion initiatives, indicating positive business momentum.
Imagicaaworld Entertainment Limited has announced its business update for the first quarter of Fiscal Year 2027, ending June 30th, 2026. The company reported a significant increase in footfalls, reaching 11.54 lakh, a 22% rise compared to 9.46 lakh in the same period last year, despite challenging summer conditions.
The Novotel Imagicaa hotel maintained healthy occupancy, recording 63% in Q1 FY27, slightly down from 65% in the prior year, but supported by school vacations, weddings, and corporate events.
During the quarter, Imagicaa Water Park in Khopoli experienced a temporary closure from June 19th to June 25th, 2025, due to water withdrawal restrictions, resulting in an estimated revenue impact of approximately ₹50 lakh. The company is in the final stages of a transaction to partner with owners of Shanku's Water Park in Gujarat, focusing on expanding offerings and undertaking Operations & Maintenance, an asset-light arrangement to strengthen its regional presence and generate fee-based revenue.
Furthermore, its subsidiary, Imagicaa Next Private Limited (INPL), signed a Letter of Intent for a second Hello Park location at Phoenix Mall in Surat, a 9,000 sq. ft. indoor entertainment center. Construction for the first Hello Park in Hyderabad is progressing as planned, with commercial operations expected to commence within Q3 FY27. These initiatives underscore the company's strategy of portfolio expansion through capital-efficient formats and revenue stream diversification. The quarterly business update is on a consolidated basis and subject to auditor review.
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