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ROBUST PERFOMANCE IN Q1 REVENUE
- TOTAL REVENUE INR 9.1 bn, 146% higher than Q1 FY25
- TOTAL EBITDA INR 3.7 bn, 150% higher than Q1 FY25
- TOTAL PAT INR 2 bn, 235% higher than Q1 FY25
Mumbai | July 31, 2025: Chalet Hotels Limited announces its results for the first quarter of the fiscal year 2026 ending June 30, 2025.
Key Highlights for Q1FY26:
- The core business i.e. excluding residential
- Revenue stood at INR 4.7 bn, 27% higher than Q1 FY25
- EBITDA stood at INR 2.1 bn, 37% higher than Q1 FY25
- EBITDA margins expanded by 3.3 % to 44.4%.
- 7% YoY room inventory growth led by the successful project expansions.
- 95 flats handed over to flat owners at the residential project at Koramangala Bengaluru.
- Certified as a Great Place To Work® in India, 6th time in a row.
Development Pipeline Updates:
· Marriott Whitefield, Bengaluru: Commissioned 121 additional rooms in May this year.
· The Dukes Retreat, Khandala: Completed renovation and additions of 44 keys and a banquet during the quarter which were operationalized on 4th July 2025 taking the inventory to 117 keys. Final phase of 30 rooms on track for completion, taking total inventory to 147 rooms.
· The Taj at Delhi Airport: Construction progressing steadily; on track for completion in H1 FY27.
· Varca Beachfront Resort, Goa: Development progressing as scheduled, with delivery expected in FY28.
· Cignus II, Powai: Second commercial tower at The Westin Powai Lake advancing on schedule; slated for completion in FY27.
Speaking on the financial results, Dr. Sanjay Sethi, MD & CEO, Chalet Hotels Limited, “Despite the geopolitical headwinds across India and West Asia, we’ve once again delivered a strong quarterly performance — a reflection of our team’s unwavering commitment to disciplined execution, guest-centricity, and long-term value creation. I’m immensely proud of how Chalet Hotels continues to demonstrate both resilience and purpose in an ever-evolving environment. Over the past two years, we’ve also been thoughtfully preparing for the future of leadership at Chalet. In alignment with a well-crafted succession plan developed in collaboration with the Board, I had communicated my intent not to seek an extension of my current term, which concludes on January 31, 2026. It gives me great pleasure to share that Mr. Shwetank Singh will take over as Managing Director & CEO effective February 1, 2026. This transition is the outcome of a meticulous and collaborative process aimed at preserving our strategic direction while infusing fresh perspective and energy. I look forward to working closely with Shwetank over the coming months to ensure a seamless handover and continued momentum for the organisation and its people.”
About Chalet Hotels Limited:
Chalet Hotels Limited (CHL), part of K Raheja Corp, is an owner, developer, asset manager and operator of high-end hotels and luxury resorts in India, comprising of 11 operating hotels & resorts with 3,351 keys across globally recognized hospitality brands including JW Marriott, The Westin and Novotel, to name a few. Additionally, the company has ~1,200 rooms under development. Chalet is augmenting its commercial real estate portfolio from the current size 2.4 million square feet to 3.3 million square feet. Chalet Hotels has been certified as the Great Place To Work for the sixth year in a row. The company's enhanced sustainability success is reflected in the Dow Jones Sustainability Index with an overall score of 67 (CSA Score Date: 28/02/2025) and has earned the CDP "B" score in Climate Change and Water Security. It is also the first hospitality company across the globe to join the three key Climate Group initiatives - RE100, EP100 and EV100. For more information about the company, please visit www.chalethotels.com.