It's a common expression of affection and is often used to show appreciation and gratitude towards someone. The phrase is grammatically correct and can be used in various contexts.
Here are some situations where you might hear this phrase:
* From family members: "Mahal namin kayo" can be said by family members to show their love for each other.
* From friends: Close friends might use this phrase to express their love and support for each other.
* From teachers to students: Teachers might say "Mahal namin kayo" to show their love and care for their students.
* From public figures to their supporters: Public figures like politicians or celebrities might use this phrase to express their love and gratitude to their supporters.
The phrase can be used in both formal and informal settings. The tone and context will dictate how the phrase is received.