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- ROBUST PERFOMANCE IN Q2 REVENUE
- TOTAL REVENUE INR 7.4 bn, 94% higher than Q2 FY25 TOTAL EBITDA INR 3.1 bn, 98% higher than Q2 FY25
Mumbai | November 4, 2025: Chalet Hotels Limited announces its results for the second quarter of the fiscal year 2026 ending September 30, 2025.
Key Highlights for Q2FY26:
· The core business i.e. excluding residential
o Revenue stood at INR 4.6 bn, 20% higher than Q2 FY25
o EBITDA stood at INR 2.0 bn, 25% higher than Q2 FY25
o EBITDA margins expanded by 1.4 pp to 43.4%.
· The Company proudly announced the launch of ATHIVA Hotels & Resorts, a premium hospitality lifestyle brand built on the ethos of joy, wellness and sustainability. The brand positions the company to capture the growing demand for premium experiential travel and provides a scalable platform for future developments under a unified brand architecture.
· The Board has declared its maiden interim dividend of ₹1 per equity share (face value ₹10 each), reflecting its commitment to rewarding shareholders and encouraging the expansion of the shareholder base.
· 10% YoY room inventory growth led by acquisitions and addition of new inventory.
· Chalet Hotels becomes the First Hospitality Brand to Achieve Climate Group’s EV100 Target.
· 55 flats handed over to flat owners at the residential project at Koramangala Bengaluru in Q2FY26.
Consolidated Performance for Q2 FY26
INR Million
Particulars | Q2FY26 | Q2FY25 | YoY % | Q1FY26 | QoQ % | FY25 |
Total Income | 7,438 | 3,832 | 94% | 9,083 | -18% | 17,541 |
EBITDA | 3,077 | 1,556 | 98% | 3,711 | -17% | 7,722 |
Margin (%) | 41.4% | 40.6% | 75 bps | 40.9% | 52 bps | 44.0% |
PBT | 2,049 | 794 | 158% | 2,686 | -24% | 4,343 |
Tax | 501 | **2,179 | -77% | 655 | -23% | **2,918 |
PAT | 1,548 | -1,385 | N/A | 2,031 | -24% | 1,425 |
EPS (INR.) | *7.08 | *-6.35 | - | *9.30 | - | 6.53 |
*Not annualized. Basic EPS
**Following the withdrawal of indexation benefits under the Finance (No. 2) Act, 2024, the Holding Company reversed deferred tax assets of ₹2,021.72 million in Q2 FY25, with a one-time impact on profit and loss.
Segmental Performance for Q2 FY26
INR Million
Particulars | Q2FY26 | Q2 FY25 | YoY % | Q1FY26 | QoQ % | FY25 |
HOSPITALITY | ||||||
Occupancy (%) | 67% | 74% | -7.0 pp | 66% | 1.0 pp | 73% |
Average Room Rate (INR) | 12,170 | 10,513 | 16% | 12,207 | 0.3% | 12,094 |
RevPAR (INR) | 8,115 | 7,742 | 5% | 8,059 | 1% | 8,781 |
Revenue | 3,802 | 3,352 | 13% | 3,856 | -1% | 15,209 |
EBITDA | 1,521 | 1,387 | 10% | 1,608 | -5% | 6,804 |
Margin (%) | 40.0% | 41.4% | -1.4 pp | 41.7% | -1.7 pp | 44.7% |
INR Million
Particulars | Q2 FY26 | Q2 FY25 | YoY % | Q1 FY26 | QoQ % | FY25 | ||||||
RENTAL & ANNUITY | ||||||||||||
Revenue | 738 | 419 | 76% | 732 | 1% | 1,970 | ||||||
EBITDA | 607 | 323 | 88% | 608 | - | 1,540 | ||||||
Margin (%) | 82.3% | 77.1% | 5.2 pp | 83.1% | -0.8 pp | 78.2% | ||||||
INR Million
Particulars | Q2 FY26 | Q2 FY25 | YoY % | Q1 FY26 | QoQ % | FY25 | ||||||
RESIDENTIAL PROJECT | ||||||||||||
Revenue | 2,821 | - | - | 4,391 | -36% | - | ||||||
EBITDA | 1,073 | -52 | - | 1,628 | -34% | -204 | ||||||
Margin (%) | 38.0% | - | - | 37.1% | 0.9 pp | - | ||||||
Development Pipeline Updates:
- 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.
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Speaking on the financial results,Dr. Sanjay Sethi, MD & CEO, Chalet Hotels Limited says, “Chalet delivered a strong and steady performance this quarter, reaffirming the resilience of our diversified portfolio and the power of our operational discipline. Even amid volatile external conditions, from unpredictable weather to geopolitical shifts, our teams executed with clarity, consistency, and purpose. The quarter also marked a strategic milestone with the debut of ATHIVA Hotels & Resorts, Chalet’s own premium lifestyle brand anchored in joy, wellness, and sustainability. The transformation of the iconic The Dukes Retreat into ATHIVA Resort & Spa, Khandala sets the stage for a broader brand roll-out in the years ahead, strengthening Chalet’s position as an integrated and future-ready hospitality platform. As I near the close of my tenure as MD & CEO, I am deeply proud of the leadership depth we have built. The seamless transition with Shwetank and the leadership team gives me full confidence in Chalet’s continued growth momentum and its enduring commitment to long-term value creation”