Chalet Hotels Limited announced strong Q1 FY27 results, with total income (ex-Resi) up 10% to INR 5,140 Mn and EBITDA (ex-Resi) rising 15% to INR 2,400 Mn. The company reported robust growth across business segments, driven by strong hospitality and commercial real estate performance. Key development projects are nearing completion, positioning Chalet Hotels for continued momentum.
Chalet Hotels Reports Strong Q1 FY27 Performance
Chalet Hotels Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company has demonstrated robust growth and margin expansion across its business segments, with its development pipeline remaining on track.
Key Financial Highlights for Q1 FY27 (Ex-Residential)
- Total Income reached INR 5,140 Mn, marking a 10% increase compared to Q1 FY26.
- EBITDA stood at INR 2,400 Mn, up by 15% from the previous year.
- EBITDA Margin improved to 46.7%, an increase of 231 basis points year-on-year.
- Consolidated PAT was reported at INR 861 Mn.
Hospitality Segment Performance
The hospitality segment experienced significant growth:
- RevPAR increased by 6% YoY to INR 8,582 Mn, with the leisure portfolio performing exceptionally well.
- Revenue grew by 9% to INR 4,185 Mn.
- EBITDA saw an 11% increase, reaching INR 1,784 Mn.
Commercial Real Estate (Rental/Annuity) Performance
The commercial real estate segment also showed positive trends:
- Occupancy was at 91%, including a Letter of Intent (LOI) for 66,000 sqft in Bengaluru signed in May 2026.
- Monthly revenue run-rate increased to INR 290 Mn in June 2026, up from INR 280 Mn in March 2026.
- Revenue increased by 18% to INR 865 Mn.
- EBITDA grew by 21% to INR 735 Mn.
Strategic Outlook and Development
Shwetank Singh, MD & CEO of Chalet Hotels Limited, commented on the results, highlighting the resilience of the overall performance despite challenging geopolitical situations. The company noted a mixed demand sentiment, with domestic demand driving recovery. Two major projects, Taj Delhi International Airport and CIGNUS II, Powai, are nearing completion, indicating a promising fiscal year. Chalet Hotels remains confident in its ability to capitalize on the long-term growth opportunities within the domestic hospitality industry, supported by strong consumption fundamentals and rising urban affluence.
Development Pipeline Updates
Several key development projects are progressing:
- CIGNUS II, Powai, Mumbai: Substantial completion expected by FY27 end.
- Taj Delhi International Airport, New Delhi: Steady construction progress with partial opening planned for Q4 FY27.
- Ritz Carlton, Hyderabad: Excavation and foundation work have commenced.
- Udaipur Resort: Expansion potential and branding are under evaluation.
- Hyatt Regency, Airoli, Navi Mumbai: Foundation and substructure waterproofing have begun.
Source: BSE
