Q3 2026 Chalet Hotels Ltd Earnings Call Transcript
Key Points
- Chalet Hotels Ltd (BOM:542399) reported a 27% year-on-year increase in consolidated revenue to INR5,892 million for Q3 FY26.
- The company's EBITDA grew by 29% year-on-year to INR2,726 million, with an increase in EBITDA margin to 46.3%.
- The hospitality business showed strong performance with a RevPAR growth of nearly 12%, driven by a 16% increase in ADRs.
- Chalet Hotels Ltd (BOM:542399) has successfully rebranded its resort property at NCR and launched Athiva, Khandala, which saw five full sold-out days in its first 45 days.
- The company maintains a healthy liquidity position with INR3.8 billion at the end of the quarter and has reduced its average cost of finance to 7.48%.
- Occupancy rates were down by 230 basis points year-on-year, affected by new key additions in Bangalore and Khandala, and construction work at Powai.
- The Taj project at Delhi International Airport is facing delays due to pollution-led stoppages, with a revised timeline for partial launch by Q4 FY27.
- The Udaipur resort asset is still undergoing due diligence, with no clear timeline for completion.
- The company faced one-off expenses related to excise license name changes and property tax issues, impacting financials.
- The ongoing construction at Powai is expected to continue affecting occupancy in the nearby hotel for the next few quarters.
Ladies and gentlemen, good day, and welcome to the Chalet Hotels Limited Q3 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. We have with us today Mr. Shwetank Singh, Managing Director and CEO; and Mr. Nitin Khanna, Chief Financial Officer. I will now hand the conference over to Mr. Nitin Khanna for opening remarks. Thank you, and over to you, sir.
Thank you, Ryan. Good morning, ladies, and gentlemen. Thank you for joining us for our earnings call for quarter three FY26. Hope you have been able to go through our quarter three results along with earnings presentation and press release, which are already uploaded on our website and exchanges. Please note the Safe Harbor disclaimer published with our earnings presentation is applicable to today's call as well.
Before I hand over the call to Shwetank for his opening remarks, on behalf of the entire Chalet family, I congratulate him for his elevated role and wish him the best as he leads
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