Chalet Hotels Limited Announces Q2 FY26 Financial Results
Chalet Hotels Limited released its financial results for the second quarter of FY26, ending 30 September 2025. For Q2 FY26, the company reported total revenue of INR 7.4 billion, a 94% increase compared to Q2 FY25. EBITDA was INR 3.1 billion, up 98% year-on-year.
Core Business Performance (excluding residential):
Revenue: INR 4.6 billion, up 20% vs. Q2 FY25
EBITDA: INR 2.0 billion, up 25% vs. Q2 FY25
EBITDA Margin: 43.4%, an expansion of 1.4 percentage points
During the quarter, the company introduced ATHIVA Hotels & Resorts, positioned as a premium lifestyle hospitality brand. The Board also announced the company’s first interim dividend of INR 1 per share. Room inventory increased by 10% year-on-year, supported by acquisitions and new additions.
Chalet Hotels also reported progress on its residential development, handing over 55 units at its Koramangala, Bengaluru project during the quarter.
Hospitality Segment (Q2 FY26):
Occupancy: 67%
Average Room Rate: INR 12,170 (up 16% YoY)
Revenue: INR 3.8 billion (up 13% YoY)
EBITDA: INR 1.5 billion
Rental & Annuity Segment (Q2 FY26):
Revenue: INR 738 million (up 76% YoY)
EBITDA: INR 607 million
Residential Segment (Q2 FY26):
Revenue: INR 2.8 billion
EBITDA: INR 1.1 billion
Development Pipeline Updates:
Taj Hotel, Delhi Airport: On track for completion in H1 FY27
Varca Beachfront Resort, Goa: Expected delivery in FY28
Cignus II Tower, Powai: Scheduled for FY27
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”
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