Chalet Hotels Reports FY26 Results: Consolidated Revenue Exceeds INR 25 Billion, EBITDA Over INR 10 Billion

Chalet Hotels Reports FY26 Results: Consolidated Revenue Exceeds INR 25 Billion, EBITDA Over INR 10 Billion​

Chalet Hotels Limited announced its audited standalone and consolidated financial results for the fourth quarter and the full year ending March 31, 2026. The company reported robust financial performance for FY26, noting that consolidated revenue crossed INR 25 Billion and consolidated EBITDA surpassed INR 10 Billion.

Financial Highlights and Overall Performance​

For the full fiscal year 2026, Chalet Hotels reported several key operational achievements. Consolidated Revenue (excluding residential) reached INR 20.7 Billion, representing an 18% increase year over year. The Average Room Rate (ARR) was INR 13,727, marking a 13% year over year rise, while the Revenue Per Available Room (RevPAR) was INR 9,226, up 5% year over year.

Consolidated EBITDA (excluding residential) stood at INR 9.6 Billion, achieving a 21% increase, corresponding to a margin of 46.2%. Consolidated Profit After Tax (PAT) was INR 6.5 Billion.

Performance in the fourth quarter (Q4 FY26) showed total income (excluding residential) at INR 5.7 Billion, an increase of 6% compared to Q4 FY25. Consolidated EBITDA (excluding residential) reached INR 2.8 Billion, up 6% compared to Q4 FY25, with an EBITDA Margin (excluding residential) of 49.1%. Consolidated PAT for the quarter was INR 1.6 Billion.

Segmental Revenue Growth​

The financial results show strong performance across the company’s key segments, Hospitality and Commercial Real Estate (Rental/Annuity).

Hospitality Segment Performance:
In the fourth quarter, the Hospitality segment reported revenue of INR 4.7 Billion, up 3% from Q4 FY25. The ARR for the segment reached INR 15,456, marking an 8% increase over Q4 FY25. While occupancy was at 68% (a decline of 7.7 percentage points from Q4 FY25), the segment’s EBITDA was INR 2.2 Billion, maintaining margins of 47.4%.

Commercial Real Estate Performance:
The Commercial Real Estate segment demonstrated significant growth, reporting revenue of INR 847 Million, up 37% from Q4 FY25. This segment’s EBITDA was INR 708 Million, representing a 42% increase over Q4 FY25, with margins standing at 83.6%.

A detailed comparison of the key financial metrics for both segments is provided below:

Expansion and Operational Milestones​

The company's portfolio has continued to expand, with the total key inventory crossing 5,000 keys. This figure includes seven projects currently in the pipeline, which account for approximately 1,655 keys. The expansion included two notable additions during the quarter: a 330 key luxury hotel in Hyderabad (Greenfield) and approximately 144 keys at a premium resort in Udaipur (Brownfield).

In sustainability and corporate governance, Chalet Hotels received an overall score of 82 in the S&P Global Corporate Sustainability Assessment (CSA) across all three dimensions of ESG as of February 27, 2026. This score ranked the company second globally within the Hotels, Resorts & Cruise Lines category. Furthermore, the company was certified as a Great Place To Work for the seventh consecutive year.

Management Commentary​

Shwetank Singh, MD & CEO of Chalet Hotels Limited, noted that despite global geopolitical volatility, aviation sector disruptions, and extreme weather events, the company delivered resilient operational and financial results in FY26. He attributed this strength to the diversified business model and premium portfolio, which sustained strong pricing-led growth and healthy RevPAR expansion across key markets.

Singh also highlighted the strong momentum in the commercial real estate portfolio, noting the steady scaling of rental income throughout the year. He stated that the company is well positioned to capitalize on India's long term demand opportunity, supported by its robust portfolio, diversified growth engines, and strong development visibility, specifically mentioning strategic expansion in Hyderabad and Udaipur.

CHALET Stock Price Movement​

Today, Chalet Hotels Limited shares edged higher to close at ₹752.75, marking a gain of 0.81% in the equity. The stock saw notable trading activity today, with a total volume of 50,525 shares transacting.