Chalet Hotels Posts Strong FY26 Results

18 May 2026 CW Team

Chalet Hotels Limited reported audited consolidated results for the year ended 31 March 2026, with Indian rupees (Rs) 20.7 bn in revenue excluding residential operations, up 18 per cent year on year, and consolidated earnings before interest, tax, depreciation and amortisation at Rs 9.6 bn, up 21 per cent. Profit after tax for the year was Rs 6.5 bn, while full year total income on a consolidated basis indicated continued recovery across its portfolio.

In the fourth quarter the company recorded total income excluding residential operations of Rs 5.7 bn, an increase of 6 per cent versus the prior year quarter, and consolidated EBITDA of Rs 2.8 bn. The hospitality segment delivered revenue of Rs 4.7 bn, average room rate at Rs 15,456 and occupancy of 68 per cent, resulting in revenue per available room of Rs 10,544 and an operating margin of 47.4 per cent for the quarter.

The commercial real estate rental and annuity business reported quarterly revenue of Rs 847 mn, up 37 per cent, with EBITDA of Rs 708 mn and a margin above 83 per cent. The company said its total portfolio exceeded 5,000 keys, including seven projects in the pipeline comprising about 1,655 keys, and noted two additions in the quarter comprising a 330-key luxury hotel in Hyderabad and a 144-key resort in Udaipur. Strategic developments across Mumbai, Delhi, Hyderabad, Udaipur and Navi Mumbai continue to progress with phased openings planned.

Management described the results as indicative of a resilient operating model despite external volatility and highlighted sustained pricing-led growth and steady rental income momentum. The company reiterated focus on the premium hospitality segment, enhancement of commercial real estate scale and disciplined development execution to capitalise on long-term demand in India. Sustainability credentials and workplace recognition were cited as complementary strengths supporting growth and investor confidence.

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