Chalet Hotels Ltd
NSE:CHALET

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Chalet Hotels Ltd Logo
Chalet Hotels Ltd
NSE:CHALET
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Price: 870.95 INR -0.42% Market Closed
Market Cap: 190.5B INR

Chalet Hotels Ltd
Investor Relations

Chalet Hotels Ltd., a prominent player in the Indian hospitality sector, epitomizes the confluence of luxury and strategic business acumen. Originally commencing operations under the umbrella of the K. Raheja Corp, a name synonymous with real estate, the company quickly carved its niche by seamlessly blending its hospitality endeavors with its real estate prowess. Chalet Hotels primarily focuses on owning and managing high-end hotels in key metropolitan cities across India, with properties under reputed brands like Marriott, Renaissance, and Westin. These luxurious establishments cater to the burgeoning demands of business travelers and tourists who flock to cities like Mumbai and Bengaluru. Leveraging its expertise in real estate development, Chalet capitalizes on its ability to acquire and transform strategic land parcels into flourishing hospitality assets.

This strategic blend of hospitality and real estate allows Chalet Hotels Ltd. to maximize its revenues through multiple streams. At the core of its financial model lies the operation of upscale hotels that generate considerable income from room bookings, conferences, and luxury events. Additionally, the company reaps substantial margins through food and beverage offerings, particularly by hosting large-scale corporate gatherings and weddings. But what sets Chalet Apart is its integrated mixed-use model – selectively developing land for commercial or residential purposes adjacent to its hotel properties, thus attracting synergistic business opportunities. This thoughtful and diversified approach ensures a steady cash flow and positions Chalet Hotels as a robust, adaptive force in India's dynamic hospitality landscape.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 5, 2025
AI Summary
Q2 2026

Record Revenue Growth: Chalet Hotels' consolidated revenue surged 94% year-on-year to INR 7.4 billion, driven by strong performance in hospitality, commercial real estate, and residential projects.

EBITDA Expansion: Consolidated EBITDA rose 98% to INR 3.1 billion, with margin expansion of 75 bps to 41.4%.

Hospitality Momentum: Hospitality revenue grew 13% year-on-year, fueled by a 16% jump in average room rates despite a dip in occupancy.

Athiva Brand Launch: The company launched Athiva Hotels & Resorts, a new premium lifestyle brand, and plans to roll out 5 more properties under this brand in coming years.

Maiden Dividend: Chalet declared its first-ever interim dividend of INR 1 per share, reflecting confidence in future performance.

Margin Pressure Temporary: EBITDA margin contraction in hospitality was attributed to ramp-up of new rooms; management expects margins to recover as occupancy stabilizes.

Strong Second Half Outlook: Management remains optimistic for H2, citing robust demand in leisure, MICE, corporate, and wedding segments.

Commercial Real Estate Strength: Commercial real estate revenue up 76% year-on-year; occupancy at 77% with positive leasing prospects.

Key Financials
Consolidated Revenue
INR 7.4 billion
Consolidated EBITDA
INR 3.1 billion
Consolidated EBITDA Margin
41.4%
Revenue from Residential Project
INR 2.8 billion
Core Revenue (excluding Residential)
INR 4.6 billion
Core EBITDA (excluding Residential)
INR 2 billion
Core EBITDA Margin (excluding Residential)
43.4%
Hospitality Revenue
INR 3.8 billion
Hospitality EBITDA
INR 1.5 billion
Average Daily Rate (ADR)
INR 12,170
RevPAR
INR 8,115
Occupancy
67%
Commercial Real Estate Revenue
INR 738 million
Commercial Real Estate EBITDA
INR 607 million
Commercial Real Estate EBITDA Margin
82.3%
Commercial Real Estate Occupancy
77%
Net Debt
INR 20.9 billion
Average Cost of Finance
7.62%
Liquidity Position
INR 2.9 billion
CapEx (Planned over next 3 years)
INR 25 billion
Interim Dividend per share
INR 1
Revenue per month (Commercial Real Estate September exit run rate)
INR 245 million
Committed Occupancy (Commercial Real Estate)
79%
Cash flow collections from Residential Project (this quarter)
INR 1.3 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Sanjay Sethi
MD, CEO & Director
No Bio Available
Mr. Rajneesh Malhotra
Chief Operating Officer
No Bio Available
Mr. Shwetank Singh
Chief Growth & Strategy Officer
No Bio Available
Mr. Nitin Khanna
Chief Financial Officer
No Bio Available
Ms. Ruchi Rudra
General Manager of Investor Relations & Business Development
No Bio Available
Ms. Christabelle Bernadette Baptista
Company Secretary & Compliance Officer
No Bio Available
Mr. Rachit Gupta
Head of Marketing
No Bio Available
Mugdha Mahambrey
Deputy General Manager of Human Relations
No Bio Available
Krishna Mohan N
Senior Vice President of Engineering
No Bio Available
Janhavi Parab
Deputy General Manager of ESG & Sustainability
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
Raheja Tower, Plot No. C-30, Block 'G',, Next to Bank of Baroda, Bandra Kurla Complex,, Bandra (East)
Contacts