Chalet Hotels Q3 FY26 Earnings Call Transcript Released
Chalet Hotels Limited released its Q3 FY26 earnings call transcript. The company reported a 27% YoY revenue growth to ₹589.2 crore and a 29% YoY EBITDA growth to ₹272.6 crore. Hospitality revenue grew 23% YoY, driven by RevPAR growth of ~12%. The commercial real estate segment saw revenue increase by 29% YoY to ₹74.4 crore. Key updates include rebranding of an NCR resort and positive performance of the new Athiva, Khandala property.
The announcement details significant financial performance improvements and strategic updates regarding property development and rebranding, which are material to investors and stakeholders.
The company reported strong year-on-year growth in revenue and EBITDA, along with positive developments in its hospitality and commercial real estate segments. The management expressed optimism about future industry trends and the company's growth prospects.
Chalet Hotels Limited has announced the release of the transcript for their earnings call held on February 3, 2026. The call pertained to the unaudited financial results for the quarter and nine months ended December 31, 2025. The transcript is available on the company's website, www.chalethotels.com, and has been submitted to the National Stock Exchange of India and BSE Limited. The management, including MD & CEO Mr. Shwetank Singh and CFO Mr. Nitin Khanna, discussed the company's performance and industry outlook.
During the call, the company reported a consolidated revenue growth of 27% year-on-year to INR 5,892 million and a 29% year-on-year growth in EBITDA to INR 2,726 million for Q3 FY26. Excluding the residential income, revenue grew by 23% to INR 5,726 million and EBITDA by 24% to INR 2,686 million. The hospitality business saw a RevPAR growth of approximately 12%, driven by a 16% increase in ADRs. The commercial real estate business also showed robust growth, with revenue up 29% year-on-year to INR 744 million.
Key developments highlighted include the rebranding of the NCR resort property to Aravali Marriott Resort & Spa after significant upgrades. The new Athiva, Khandala resort, launched in the last 45 days of Q3, achieved full occupancy on 5 days and received positive guest feedback. The Vashi hotel is also slated for rebranding as Athiva in Q4 FY26. The company also mentioned receiving LEED Platinum certification for CIGNUS Whitefield Tower II, underscoring its commitment to sustainability. Project updates included ongoing work at CIGNUS II Powai for an FY27 launch and revised timelines for the Taj project at Delhi International Airport, with a partial launch expected in Q4 FY27.
The management expressed optimism about the Indian hospitality industry's growth, driven by strong domestic travel, rising incomes, infrastructure development, and a favorable supply-demand gap. They also discussed future plans, including a capex of around INR 25 billion over FY27-FY29, primarily funded through internal accruals, to drive long-term growth in both hospitality and commercial real estate businesses.
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Chalet Hotels Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Chalet Hotels Limited. Read the original for the full detail.