Indian lifestyle stocks: Mahindra Holiday & Resorts

Leisure is yet another area that holds promise. According to a Mckinsey report, India's share-of-wallet is shifting from basic necessities to discretionary items and is expected to grow from 52% as of 2005 to 70% by 2025. India's aggregate consumption by middle and upper income households will grow nearly 13 times by 2025. There has been a steady growth in domestic tourists in India and the year 2006 saw an increase to 461 million domestic tourists from 140 million domestic tourists in 1996. MHRIL, India's leading leisure hospitality provider, is therefore likely to witness exponential growth in its business of providing resort stay for annual vacations. It is Rs 470-crore recently listed company, being the sole representative of the vacation ownership industry.