'New Parks To Have Growth Higher Than 15%': Wonderla Holidays MD

Arun K. Chittilappilly, MD of Wonderla Holidays, shared that new parks will see over 15% growth, while existing parks will grow at 15%. The Chennai park will reach PAT breakeven in 4 years, but EBITDA breakeven is expected in the first year. Wonderla plans to expand from 4 to 10 cities, focusing on Tier 1 and 2 cities. QIP funds of Rs. 500-600 crore will support parks in Chennai, Hyderabad, and others. Despite a 9% decline in footfalls, the company remains optimistic for H2FY25