Chalet Hotels Q2 FY26 Revenue Surges 94% on Strong Growth

Chalet Hotels reported a robust performance in the second quarter of FY26, with total revenue reaching INR 7.4 billion, up 94 percent year-on-year, and EBITDA surging 98 percent to INR 3.1 billion.

EBITDA margins expanded to 41.4 percent, supported by strong operational discipline, a larger room inventory, and balanced contributions from hospitality, annuity, and residential businesses.

Excluding residential operations, core business revenue stood at INR 4.6 billion, a 20 percent increase, while EBITDA rose 25 percent to INR 2 billion, with margin improvement to 43.4 percent.

Key Highlights

• Chalet Hotels Q2 revenue jumped 94 percent YoY to Rs. 7.4 billion
• Launches ATHIVA Hotels & Resorts, its new lifestyle brand
• Declares maiden interim dividend, achieves EV100 sustainability goal

The hospitality segment maintained solid momentum despite a dip in occupancy (67 percent vs. 74 percent YoY), driven by a 16 percent increase in average room rates to INR 12,170. Revenue rose 13 percent to INR 3.8 billion, while EBITDA reached INR 1.5 billion.

The rental and annuity segment recorded a 76 percent rise in revenue and 88 percent increase in EBITDA, reflecting healthy 82 percent margins. The residential business contributed INR 2.8 billion in revenue and INR 1.1 billion in EBITDA, aided by the handover of 55 flats in its Koramangala project.

A key milestone was the launch of ATHIVA Hotels & Resorts, Chalet’s premium lifestyle brand centered on wellness, sustainability, and joyful travel.

Also Read: Chalet Hotels Launches Athiva, a New Lifestyle Brand

Chalet also declared its first interim dividend of INR 1 per share and became the first Indian hospitality company to meet the Climate Group’s EV100 target. Upcoming developments include Taj Delhi Airport (FY27), Varca Beachfront Resort, Goa (FY28), and Cignus II, Powai (FY27).