Wonderla Holidays’ results were below our estimates. Revenues declined 7.5% YoY to Rs 54.9 crore (vs. I direct estimate: Rs 66.5 crore) mainly led by 12.1% YoY decline in footfall Bengaluru park revenues fell 11.2% YoY to Rs 22.4 crore while revenues from the Kochi park declined 14.7% YoY to Rs 15.7 crore mainly led by a decline in footfall.

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