Chalet Hotels
Chalet Hotels Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
The short version
Core hospitality revenue grew 13% in the quarter, with optimism for mid-teen to early 20s percent EBITDA growth in H2 FY '26. Chalet Hotels expects a positive second half (H2) of FY '26 with strong leisure demand, weddings, socials, and corporate bookings supporting growth (Page 19).
From Chalet Hotels's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Core hospitality revenue grew 13% in the quarter, with optimism for mid-teen to early 20s percent EBITDA growth in H2 FY '26.
- Strong bookings and positive signs in quarter 3 and quarter 4, especially driven by wedding business rebound due to rescheduled auspicious dates.
- Newly added inventory of 166 rooms is in gestation; as occupancy stabilizes, margins and revenues are expected to improve significantly in upcoming quarters.
- Leisure portfolio expected to show strong recovery in H2 with improved occupancy and ADR, supported by festive season, domestic travel, weddings, and inbound international travel.
- Commercial real estate revenues rose 76% YoY; nearing INR30 crores monthly rental run rate upon full occupancy.
- Residential sales progressing well, with strong collections and possession handovers.
2 more points from Chalet Hotels's call on revenue
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Profitability & Margins
See what Chalet Hotels said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Planned capex of INR 25 billion over the next 3 years, primarily funded through internal accruals.
- Capex spread across multiple projects including:
- Completion of Phase 4 commercial in Powai by next year.
- Refurbishment of existing hotels.
- Development and pending work on the Goa properties.
- Work at DIAL (Delhi International Airport Limited) property.
- The Dukes (now Athiva brand) reopening/renovation.
- Hyatt project in Airoli.
- New inventory additions with 166 rooms added in 1H, impacting payroll temporarily during stabilization.
- Airoli project approvals expected in 2-3 months after Supreme Court order; Trivandrum project progressing through government.
2 more points from Chalet Hotels's call on capex
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Fundraising & Capital Structure
See what Chalet Hotels said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Chalet Hotels has a capital work in progress (CWIP) and assets pending operationalization amounting to INR 6.6 billion as of the quarter close.
- Planned capex of approximately INR 25 billion over the next 2 to 3 years, spread across multiple projects including two Goa properties, DIAL pending work, The Dukes (Athiva), and Hyatt in Airoli.
- The Airoli project is awaiting final approvals expected within 2 to 3 months, with over 270 rooms planned.
- Residential projects have pending handovers: Phase 2 expected in FY '27 and a commercial project anticipated by FY '28.
2 more points from Chalet Hotels's call on order book
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Chalet Hotels — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹558 Cr, net profit ₹163 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Chalet Hotels Ltd's management said in earlier quarters
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- Apollo Sindoori Hotels Ltd (Q2 FY26)
Q2 FY26 consolidated revenue: ₹150 Cr, up 10% YoY from ₹136 Cr in Q2 FY25 (Page 16, 7). Key investor presentation takeaways from Apollo Sindoori's Q2 FY26 inves
- Sinclairs Hotels Ltd (Q2 FY26)
Year-on-year revenue growth for October 2025 is approximately 35% (Page 18). Key investor presentation takeaways from Sinclairs Hotels's Q2 FY26 investor presen
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Chalet Hotels Q2 FY26 results?
Core hospitality revenue grew 13% in the quarter, with optimism for mid-teen to early 20s percent EBITDA growth in H2 FY '26. Chalet Hotels expects a positive second half (H2) of FY '26 with strong leisure demand, weddings, socials, and corporate bookings supporting growth (Page 19).
What is Chalet Hotels share price analysis?
Chalet Hotels currently shows a neutral. The stock trades at a P/E of 34.8 with a market cap of ₹18,620 Cr. Investors should review the full earnings analysis for detailed insights.
Is Chalet Hotels planning capital expenditure?
Planned capex of INR 25 billion over the next 3 years, primarily funded through internal accruals.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.