Chalet Hotels Limited announced a robust 27% YoY increase in consolidated revenue, reaching INR 5.9 billion for Q3FY26. Excluding residential revenue, the increase was 23%. EBITDA rose by 29% YoY to INR 2.7 billion, with a margin of 46.3%. Strong operating performance and buoyant occupancy across micro-markets drove these results.
Strong Financial Performance
Chalet Hotels Limited reported strong financial results for the quarter ending December 31, 2025 (Q3FY26).
- Consolidated Revenue: INR 5.9 bn, up 27% YoY
- Ex-Resi Revenue: INR 5.7 bn, up 23% YoY
- Consolidated EBITDA: INR 2.7 bn, up 29% YoY
- Ex-Resi EBITDA: INR 2.7 bn, up 24% YoY
- Consolidated EBITDA Margin: 46.3%, up 76 bps YoY
- Ex-Resi Margin: 46.9%, up 14 bps YoY
Key Operational Highlights
The company highlighted several key factors contributing to its performance:
- RevPAR: Up 12% YoY
- ADR: Up 16% YoY
- Occupancy remained buoyant across micro-markets.
- New inventory in Bangalore (129 keys added in H1 FY26) and Khandala (147 keys operational from mid-November 2025).
- Athiva Resort & Spa, Khandala: Received encouraging guest feedback after its full launch.
- Courtyard by Marriott Aravali Resort re-branded to Aravali Marriott Resort & Spa, Delhi-NCR.
- Commercial Real Estate: Approximately 150,000 sqft additional leasing at Powai, Mumbai.
Segmental Performance
Hospitality
- Occupancy: 68%
- Average Room Rate (INR): 14,970
- RevPAR (INR): 10,162
- Revenue: INR 4,913 million, up 23% YoY
- EBITDA: INR 2,226 million, up 20% YoY
- Margin: 45.3%
Rental & Annuity
- Revenue: INR 744 million, up 29% YoY
- EBITDA: INR 621 million, up 37% YoY
- Margin: 83.5%
Development Pipeline
- The Taj at Delhi Airport: Construction progressing steadily; expect completion by Q4 FY27.
- Cignus II, Powai: Second commercial tower at The Westin Powai Lake advancing on schedule; slated for completion in FY27.
Management Commentary
Shwetank Singh, MD & CEO, stated that Q3 saw strong traction across key operating metrics, supported by double-digit RevPAR expansion. He highlighted the early momentum of Athiva and sustained demand from MICE and leisure travel.
Source: BSE
