Chalet Hotels Reports Strong Q1 FY26 Results, Announces CEO Succession Plan

2 min read     Updated on 01 Aug 2025, 12:48 AM
scanxBy ScanX News Team
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Overview

Chalet Hotels Limited reported robust financial results for Q1 FY26, with consolidated revenue reaching ₹8,945.51 crore and profit at ₹2,031.28 crore. The company's performance was driven by strong contributions from its hospitality, real estate, and rental segments. Operationally, the company added new rooms to its hotel portfolio and handed over units in its residential project. A leadership transition was announced, with Mr. Shwetank Singh set to succeed Dr. Sanjay Sethi as Managing Director & CEO on February 1, 2026. The company also repaid ₹400 crore of preference shares and maintained its position in the Great Place to Work® rankings.

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*this image is generated using AI for illustrative purposes only.

Chalet Hotels Limited , a leading hospitality company, has reported robust financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company also announced a significant leadership transition, with a new CEO set to take the helm in early 2026.

Financial Highlights

Chalet Hotels demonstrated impressive growth in Q1 FY26:

  • Consolidated revenue from operations surged to ₹8,945.51 crore, a substantial increase from the previous year.
  • Profit for the period reached ₹2,031.28 crore, reflecting strong bottom-line performance.
  • EBITDA stood at ₹3,710.65 crore, indicating solid operational efficiency.

The company's performance was bolstered by a significant contribution from its residential project in Bengaluru, which generated revenue of ₹4,391.17 crore during the quarter.

Segment Performance

Segment Revenue (₹ crore) EBITDA (₹ crore) EBITDA Margin
Hospitality 3,855.97 1,608.00 41.70%
Real Estate 4,391.17 1,628.00 37.10%
Rental/Annuity 731.95 608.00 83.10%

The hospitality segment showed resilience with an 18% year-over-year revenue growth and a 20% increase in EBITDA. The rental and annuity business demonstrated strong growth, with revenue more than doubling compared to the same quarter last year.

Operational Updates

  • The company added 121 rooms at the Bengaluru Marriott Hotel Whitefield.
  • The Dukes Retreat in Khandala operationalized 44 new rooms and a banquet hall, bringing its total inventory to 117 keys.
  • Chalet Hotels handed over 95 units at its residential project, The Vivarea, in Koramangala, Bengaluru.

Leadership Transition

In a significant announcement, Chalet Hotels revealed its succession plan for the top leadership position. Dr. Sanjay Sethi, the current Managing Director & CEO, will be stepping down from his executive role on January 31, 2026. The Board of Directors has approved the appointment of Mr. Shwetank Singh as the Managing Director & CEO Designate, who will assume the role of Managing Director & CEO effective February 1, 2026.

Dr. Sethi will continue his association with the company as a Non-Executive, Non-Independent Director from February 1, 2026, ensuring a smooth transition of leadership.

Other Developments

  • The company repaid ₹400 crore of Non-Cumulative Non-Convertible Redeemable Preference Shares during the quarter, reducing the outstanding amount to ₹1,600 crore.
  • Chalet Hotels maintained its position in the Great Place to Work® rankings, securing the 11th rank and receiving the recognition for the 6th consecutive year.

Dr. Sanjay Sethi, outgoing Managing Director & CEO, commented on the results: "Despite the geopolitical headwinds across India and West Asia, we've once again delivered a strong quarterly performance — a reflection of our team's unwavering commitment to disciplined execution, guest-centricity, and long-term value creation."

As Chalet Hotels continues to expand its portfolio and strengthen its market position, the company appears well-positioned for future growth under its new leadership.

Historical Stock Returns for Chalet Hotels

1 Day5 Days1 Month6 Months1 Year5 Years
-2.14%-3.16%-1.55%+14.07%+6.88%+591.00%
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Chalet Hotels Reports Strong Q1 FY26 Results, Announces CEO Succession Plan

2 min read     Updated on 01 Aug 2025, 12:46 AM
scanxBy ScanX News Team
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Overview

Chalet Hotels Limited reported strong Q1 FY2026 results with total income up 146% to ₹9,083.38 crore, EBITDA up 150% to ₹3,710.65 crore, and profit up 235% to ₹2,031.28 crore. The hospitality segment saw 18% revenue growth, while the real estate segment recognized ₹4,391.17 crore from a Bengaluru project. The company announced a leadership transition, with Dr. Sanjay Sethi retiring as MD & CEO on January 31, 2026, to be succeeded by Mr. Shwetank Singh. Chalet Hotels also expanded its portfolio and maintained its Great Place To Work® ranking.

15535013

*this image is generated using AI for illustrative purposes only.

Chalet Hotels Limited , a leading hospitality company, has reported robust financial results for the first quarter of fiscal year 2026, ended June 30, 2025. The company also announced a significant leadership transition plan.

Financial Highlights

Chalet Hotels delivered impressive growth across key financial metrics:

  • Total income surged by 146% year-over-year to ₹9,083.38 crore
  • EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 150% to ₹3,710.65 crore
  • Profit for the period increased by 235% to ₹2,031.28 crore

The company's performance was driven by strong growth in its core hospitality business and significant revenue recognition from its residential project in Bengaluru.

Segment Performance

Hospitality Segment

The hospitality segment showed solid growth:

Metric Value Year-over-Year Change
Revenue ₹3,855.97 crore +18%
EBITDA ₹1,608.00 crore +20%
Average Daily Rate (ADR) ₹12,207 +17%
Revenue Per Available Room (RevPAR) ₹8,059 +9.6%

Real Estate Segment

The company recognized substantial revenue from its residential project:

  • Revenue of ₹4,391.17 crore was recorded from the Bengaluru residential project
  • 95 units were handed over at The Vivarea, Koramangala, Bengaluru

Rental/Annuity Business

The rental and annuity business segment also performed well:

  • Revenue more than doubled, increasing by 106% to ₹731.95 crore
  • EBITDA grew by 130% to ₹608.00 crore

Operational Highlights

Chalet Hotels continued to expand its portfolio:

  • Added 121 rooms at Bengaluru Marriott Hotel Whitefield
  • Operationalized 44 rooms and a banquet at The Dukes Retreat, Khandala

Leadership Transition

The company announced a significant leadership change:

  • Dr. Sanjay Sethi, the current Managing Director & CEO, will retire on January 31, 2026
  • Mr. Shwetank Singh has been appointed as the Managing Director & CEO Designate
  • Mr. Singh will assume the role of Managing Director & CEO effective February 1, 2026
  • Dr. Sethi will continue as a Non-Executive, Non-Independent Director from February 1, 2026

Corporate Recognition

Chalet Hotels maintained its strong corporate standing:

  • Ranked 11th in Great Place To Work®
  • Received the recognition for the 6th consecutive year

Sanjay Sethi, Managing Director & CEO, commented on the results: "Despite the geopolitical headwinds across India and West Asia, we've once again delivered a strong quarterly performance — a reflection of our team's unwavering commitment to disciplined execution, guest-centricity, and long-term value creation."

The company's focus on expansion, coupled with its strong financial performance and strategic leadership transition, positions Chalet Hotels for continued growth in the hospitality sector.

Note: All financial figures are in Indian Rupees (₹) and 1 crore = 10 million.

Historical Stock Returns for Chalet Hotels

1 Day5 Days1 Month6 Months1 Year5 Years
-2.14%-3.16%-1.55%+14.07%+6.88%+591.00%
Chalet Hotels
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