Imagicaaworld Q3FY26 Revenue Steady at ₹92.1 Crore; Expands Offerings
Imagicaaworld Entertainment Limited reported Q3FY26 revenue of ₹92.1 crore, steady year-on-year. Footfalls grew 6% to 6.74 lakh, though ARPU dipped 4%. Key updates include potential Gujarat JV, Environmental Clearance for Sabarmati Riverfront, and a partnership with Hello Park for an immersive playground.
The results show stable revenue but mixed performance in key metrics like ARPU and hotel segment. However, strategic expansions into new formats and partnerships, along with project clearances, suggest potential for future growth, warranting a medium impact.
The company reported steady revenue but faced challenges like prolonged rains impacting footfalls and a dip in ARPU. While there are positive developments like new partnerships and project clearances, the overall financial performance indicates a neutral sentiment.
Imagicaaworld Entertainment Limited announced its un-audited financial results for the third quarter and nine months ended December 31, 2025. The company reported a steady consolidated revenue of ₹92.1 crore for Q3FY26, compared to ₹91.8 crore in the previous year. Footfalls reached 6.74 lakh, showing a 6% growth for the quarter, primarily driven by the school segment. However, prolonged rains during the quarter impacted footfall growth, especially during long weekends and festive periods like Diwali. The Average Revenue Per User (ARPU) saw a dip of 4%, attributed to an increased share of the school segment, which has a lower ARPU. The hotel segment experienced a slowdown, with occupancy dropping by 2.5% and revenue by 6%, largely due to fewer MICE events.
In terms of key updates, Imagicaaworld has entered into discussions for a potential joint venture in Gujarat with Keshav Holiday Resort Private Limited (Shanku's Water Park). The company also received Environmental Clearance for its Sabarmati Riverfront Project. Furthermore, its wholly-owned subsidiary, Imagicaa Next Private Limited (INPL), has partnered with global leader Hello Park to launch India's first immersive Digital-Physical Playground Experience.
Jai Malpani, Managing Director, commented on the performance, highlighting the steady results despite seasonally softer winter conditions. He emphasized the company's focus on enhancing customer experience, improving ARPUs, and strengthening non-ticketing revenues. Malpani noted Imagicaaworld's evolution from a single-format park operator to a diversified player, with new formats including a religious park, an entertainment destination in Ahmedabad, and the indoor entertainment venture with Hello Park. These initiatives are expected to reduce seasonality and create a more balanced year-round revenue profile, with the long-term vision of building Imagicaa into a pan-India brand.
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