Chalet Hotels Limited has informed the Exchange about Transcript
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Chalet Hotels reported FY26 consolidated revenue of INR28,124 million (up 60% YoY) and EBITDA of INR12,301 million (up 59% YoY), crossing INR25 billion and INR10 billion marks respectively. Q4 revenue was INR5,711 million (up 6% YoY) with EBITDA margin improving 100 bps to 48.8%. The company added 2 new projects to its pipeline: Udaipur Resort (144 keys, INR1,710 million acquisition) and Ritz-Carlton Hyderabad (330 keys, INR5,600 million fit-out cost). Total key count now exceeds 5,000. Q4 RevPAR declined 3% YoY due to geopolitical tensions causing ~9,000 room night cancellations from foreign tourists, primarily impacting Mumbai properties. Management maintained confidence in H2 FY27 recovery as tensions ease. Net debt reduced from INR25 billion to ~INR19 billion over 2 years, with planned capex of ~INR30 billion over FY27-FY29 expected to be funded through internal accruals.
Short-term pressure from RevPAR decline and foreign tourist cancellations offset by strong full-year performance and margin expansion. Management's clear debt reduction roadmap and internal accrual-funded growth capex provide balance sheet confidence for shareholders.