Chalet Hotels Limited has informed the Exchange about Investor Presentation
CHALET · price
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Chalet Hotels reported strong Q1 FY26 results, with consolidated revenue up 146% YoY to ₹9,083 million and EBITDA up 150% to ₹3,711 million, aided by first-time revenue recognition from its Bengaluru residential project (The Vivarea, 95 units handed over, contributing ₹4,391 mn). On a like-for-like basis (excluding residential), revenue grew 27% and EBITDA grew 37%, with margin expanding 330 bps to 44.4%. Hospitality revenue rose 18% to ₹3,856 mn with ADR up 17% to ₹12,207, though occupancy dipped 4.4 percentage points to 66%. The annuity (rental) business posted the strongest segment performance with revenue up 106% and EBITDA up 130% as leased area grew ~50% YoY. Net debt stood at ₹20,181 mn, net debt-to-equity at 0.65x (down from 1.45x in FY24), and cost of debt fell to 8.0%. The company has ~600 rooms under construction and ~1,200 rooms in planning, including a 280-room Hyatt Regency at Airoli and a 385-room Taj at Delhi Airport.
The strong print, margin expansion across all core segments, and improving leverage position (lower cost of debt, lower D/E ratio) should support positive investor sentiment. First-time residential revenue recognition adds a meaningful new revenue stream, though sustainability of the core hospitality business depends on occupancy recovery, which remains a watch point.