Chalet Hotels Limited has informed the Exchange about Transcript
CHALET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Chalet Hotels reported Q1 FY26 consolidated revenue of INR9.1 billion, up 146% year-on-year, with EBITDA rising 150% to INR3.7 billion and margins expanding 70 basis points to 40.9%, largely boosted by INR4.4 billion in revenue from handing over 95 residential apartments at its Koramangala project. On a like-for-like core basis (excluding residential), revenue grew 27% and EBITDA grew 37%, with hospitality segment margins improving 50 bps to 41.7%. The hospitality business saw RevPAR up 10% to INR8,059 and ADR up 17% to INR12,207, though occupancy dipped 4.4 percentage points to 66% due to new inventory addition, geopolitical tensions, and the aviation accident. The company added 165 keys during the quarter, has 1,200 rooms in its pipeline, and is targeting 5,000 total keys in FY26. Capex of INR20 billion is planned through FY27, funded largely by internal accruals.
Strong operational performance with double-digit ADR growth and margin expansion despite headwinds, but full-year outlook is front-loaded due to one-time residential revenue. Management is bullish on double-digit RevPAR growth for the next 3-4 years, though CEO transition (Sanjay Sethi to step down by January 2026) introduces some leadership uncertainty. Net debt of INR20.2 billion at 3.5x EBITDA leverage remains comfortable for further growth.