Chalet Hotels Limited Announces Strong Q2 FY26 Results
Chalet Hotels’ total revenue is INR 7.4 Bn, 94% higher than Q2 FY25; and total EBIDTA is INR 3.1 Bn, 98% higher than Q2 FY25. The core business excluding residential revenue stood at INR 4.6 Bn, 20% higher than Q2 FY25, EBITDA stood at INR 2.0 Bn, 25% higher than Q2 FY25, and EBITDA margins expanded by 1.4 pp to 43.4%.
By SOH Edit Team
Chalet Hotels Limited announced its financial results for the second quarter of the fiscal year 2026, ending September 30, 2025. The company reported total revenue of INR 7.4 billion, marking a 94% year-on-year increase over Q2 FY25. Total EBITDA stood at INR 3.1 billion, reflecting a 98% growth compared to the same period last year.
ParticularsQ2FY26Q2FY25YoY %Q1FY26QoQ %FY25Total Income7,4383,83294%9,083-18%17,541EBITDA3,0771,55698%3,711-17%7,722Margin (%)41.40%40.60%75 bps40.90%52 bps44.00%PBT2,049794158%2,686-24%4,343Tax501**2,179-77%655-23%**2,918PAT1,548-1,385N/A2,031-24%1,425EPS (INR.)*7.08*-6.35-*9.30-6.53
Consolidated Performance for Q2 FY26 (INR in Million)
The core hospitality business, excluding residential revenues, delivered robust performance with revenues of INR 4.6 billion, up 20% year-on-year, and an EBITDA of INR 2.0 billion, up 25% year-on-year. EBITDA margins expanded by 1.4 percentage points to reach 43.4%, underlining operational efficiency and cost discipline.
The company’s Board of Directors declared its maiden interim dividend of ₹1 per equity share (face value ₹10 each), underscoring Chalet’s commitment to rewarding shareholders and broadening its investor base.
In Q2 FY26, Chalet achieved a 10% year-on-year increase in room inventory, driven by both acquisitions and the addition of new properties. Additionally, 55 flats were handed over to homeowners at the company’s residential project in Koramangala, Bengaluru.
Chalet Hotels also reached a significant sustainability milestone by becoming the first hospitality brand to achieve Climate Group’s EV100 target, further strengthening its environmental stewardship.
Dr. Sanjay Sethi, Managing Director & CEO, Chalet Hotels.
Strategic Developments and Leadership Perspective
During the quarter, Chalet Hotels announced the launch of ATHIVA Hotels & Resorts, a premium lifestyle hospitality brand founded on the principles of joy, wellness, and sustainability. The new brand positions Chalet to capitalize on the rising demand for premium experiential travel while establishing a scalable platform for future developments within a unified brand architecture.
Commenting on the company’s performance, Dr. Sanjay Sethi, Managing Director & CEO, said: “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.”
He continued, “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 rollout 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. It gives me full confidence in Chalet’s continued growth momentum and its enduring commitment to long-term value creation.”