Chalet Hotels Q1 FY27 Results: Revenue Up 10%, EBITDA Up 15% (Ex-Resi)
Chalet Hotels Limited reported Q1 FY27 results with Total Income (ex-Resi) at INR 5,140 Mn, up 10% YoY. EBITDA (ex-Resi) grew 15% to INR 2,400 Mn, with margins at 46.7%. Consolidated PAT was INR 861 Mn. Hospitality segment RevPAR increased 6% to INR 8,582 Mn, and Rental/Annuity revenue rose 18% to INR 865 Mn.
The announcement details significant financial performance improvements and strategic progress on development projects, which are material to investors and stakeholders.
The company reported strong YoY growth in revenue and EBITDA for both its hospitality and commercial real estate segments, along with positive commentary from the MD & CEO about business momentum and future outlook.
Chalet Hotels Limited has announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported strong momentum across its business segments, with a robust growth in revenue and margin expansion.
For Q1 FY27, Total Income (excluding Residential) was INR 5,140 million, a 10% increase compared to Q1 FY26. EBITDA (excluding Residential) stood at INR 2,400 million, up 15% YoY, with an EBITDA Margin of 46.7%, an increase of 231 basis points. Consolidated Profit After Tax (PAT) was INR 861 million.
The Hospitality Segment witnessed a 6% YoY increase in RevPAR to INR 8,582 million, with revenue growing by 9% to INR 4,185 million and EBITDA by 11% to INR 1,784 million. The Commercial Real Estate (Rental/Annuity) segment reported a 91% occupancy rate, with monthly revenue run-rate increasing to INR 290 million in June 2026. Revenue in this segment grew by 18% to INR 865 million, and EBITDA increased by 21% to INR 735 million.
Shwetank Singh, MD & CEO of Chalet Hotels Limited, stated that Q1 has set a strong foundation for the full year, with resilient performance despite geopolitical challenges. He highlighted that domestic demand is fueling recovery, and business travel sentiment is expected to improve. The company's core businesses, Hospitality and Annuity, have shown strong momentum. Two major projects, Taj Delhi International Airport and CIGNUS II, Powai, are nearing completion, contributing to a promising fiscal outlook. The domestic hospitality industry benefits from strong consumption, rising discretionary spending, and growing urban affluence.
The company also announced that its development pipeline remains on track. CIGNUS II in Powai is expected to reach substantial completion by the end of FY27, while the Taj Delhi International Airport project plans a partial opening in Q4 FY27. Foundation work has commenced for The Ritz Carlton, Hyderabad, and Hyatt Regency, Airoli, Navi Mumbai.
Chalet Hotels Limited, part of K Raheja Corp, operates 11 hotels with 3,389 keys and has approximately 1,655 rooms under development. The company also has an expanding commercial real estate platform of 3.3 million square feet. Chalet Hotels was recognized with the 8th rank in India’s Great Mid-size Workplaces and is a Great Place to Work-Certified™ for seven consecutive years. It also ranks second globally in the S&P Global Corporate Sustainability Assessment (CSA) for Hotels, Resorts & Cruise Lines.
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