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Chalet Hotels reports strong results for first quarter
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Saturday, 01 August, 2026, 13 : 00 PM [IST]
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Our Bureau, Mumbai
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Chalet Hotels Ltd has announced results for the first quarter ending June 30, 2026.
Key Highlights for Q1 FY27: Total Income (ex-Resi) at Rs 5,140 million, up 10 percent as compared to Q1FY26; EBITDA (ex-Resi) at Rs 2,400 million up 15 percent as compared to Q1FY26; EBITDA Margin (ex-Resi) at 46.7 percent, up 231 bps as compared to Q1FY26; Consolidated PAT at Rs 861 million.
Hospitality Segment Performance: RevPAR up by 6 percent YoY to Rs 8,582 million; leisure portfolio performing exceptionally well; Revenue at Rs 4,185 million, up by 9 percent from Q1FY26; EBITDA at Rs 1,784 million, up by 11 percent from Q1FY26.
Commercial Real Estate (Rental/Annuity) Performance: Occupancy at 91 percent including LOI of 66k sqft signed in May’26 for Bengaluru; Monthly revenue run-rate moving up to Rs 290 million in Jun’26 – up from Rs 280 million for Mar’26; Revenue at Rs 865 million, up by 18 percent from Q1FY26; EBITDA at Rs 735 million, up by 21 percent from Q1FY26; Great Places to Work Recognition: 8th Rank in ‘Mid-size Workplaces’, 7th consecutive year of receiving the recognition.
Shwetank Singh, MD & CEO, Chalet Hotels Limited, said, "Q1 has set a strong foundation for the full year – overall performance has been resilient despite the challenging geopolitical situation. The demand scenario saw mixed sentiment this quarter – air traffic stayed flat from April to June – indicating some recovery in sentiment following the peak disruption in March. International business remained flat YoY due to the West Asia conflict. The recovery is being fuelled by domestic demand, indicating that overall demand will accelerate as business travel sentiment improves going ahead. Our consolidated financials are not comparable YoY due to the revenue recognition trend in the Residential business. Our core businesses – Hospitality and Annuity – have witnessed strong momentum, underscoring the strength of our business model. Ex-Residential revenue grew 10 percent YoY, with margin expansion driving a 15 percent YoY growth in EBITDA. With two major projects – Taj Delhi International Airport, New Delhi; and CIGNUS II, Powai – nearing completion, the current fiscal looks promising. The domestic hospitality industry continues to enjoy favourable tailwinds, underpinned by strong consumption fundamentals, rising discretionary spending, and growing urban affluence. With our robust operating portfolio and visibility into our future growth pipeline, we remain confident in our ability to capitalise on this long-term growth opportunity."
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