Q1 2026 Chalet Hotels Ltd Earnings Call Transcript
Key Points
- Chalet Hotels Ltd (BOM:542399) reported a significant increase in total revenue, surging 146% year-on-year to INR9.1 billion.
- The company's EBITDA rose 150% with margins expanding by 70 basis points to 40.9%, indicating strong operational efficiency.
- Hospitality revenue for the quarter stood at INR3.9 billion, up 18% year-on-year, driven by a 10% increase in RevPAR.
- Chalet Hotels Ltd added 165 keys for the year to date, expanding inventory by 5%, which enhances their operational leverage.
- The company maintains a healthy liquidity position with INR3.2 billion at the end of the quarter, supporting future growth initiatives.
- Occupancy rates in the MMR region were impacted by new supply and geopolitical disruptions, leading to a decline in occupancy.
- The company experienced a 4.4% year-on-year drop in overall occupancy, primarily due to softness in the MMR market.
- There is a delay in the commencement of certain projects, such as the Hyatt Regency in Airoli and the Bambolim asset in Goa.
- The residential segment will not see further revenue recognition for the remainder of FY26, potentially impacting short-term financials.
- Chalet Hotels Ltd faces challenges in advancing the construction of the Trivandrum Hotel due to pending approvals and market changes.
Ladies and gentlemen, good day, and welcome to Q1 FY26 earnings conference call hosted by Chalet Hotels Limited.
This conference call may contain certain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on the date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Dr. Sanjay Sethi, MD and CEO of Chalet Hotels Limited. Thank you, and over to you, Dr. Sethi.
Thank you, Hamshadh. Good morning, ladies and gentlemen, and thank you for joining us on today's call. I'm joined this morning in our office by my colleagues, Shwetank, Nitin, Gaurav and Ruchi. After my remarks and Nitin's commentary on finances, we'll be happy to take your questions after that.
Let me begin by warmly
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