Operationally, India’s Average Daily Rate rose by 10 percent year-on-year, but occupancy was impacted in May by geopolitical disruptions, resulting in a 7 percent rise in RevPAR.
The venue operates through the day as a poolside dining option and transitions in the evening into an open-air lounge setting with curated playlists and ambient lighting.
Net revenue from operations stood at Rs 409.1 crore, up 30.6 percent from Rs 313.2 crore in the same quarter last year. Adjusted for subsidy income of Rs 38.6 crore, revenue growth was 20.5 percent.
Despite its widespread appeal, the category has often lacked consistency in quality and execution. Chennai-based MAPO aims to change that with a structured, quality-focused business model.
The platform crossed its total Rakhi sales from last year earlier in the week and has reported a 3.5x increase in Rakhi orders compared to the same period in 2024
The uptick, disclosed by the company on Wednesday, indicates that a combination of affordability-focused promotions and strategic collaborations tied to pop culture has begun to yield results amid continued economic uncertainty.
Founded in 2014 by restaurateurs and childhood friends Chirag Chhajer and Ankit Gupta under Hunger Pangs Pvt. Ltd., the new restaurant is the brand’s 15th location across the country.