Chalet Hotels Limited — PPTs, 11-08-2025: Investor Presentation

**Financial Highlights:**

Chalet Hotels reports robust Q1 FY26 results with consolidated revenue soaring to ₹908.3 Cr (+146% YoY) and EBITDA at ₹371.1 Cr (+150% YoY). Excluding residential, revenue grew 27% and EBITDA 37%. FY25 saw strong growth with revenue at ₹1,754.1 Cr (22% CAGR) and EBITDA at ₹772.2 Cr (24% CAGR), maintaining a 44.0% margin. Hospitality RevPAR grew 9.6% in Q1. Net Debt to Equity improved significantly to 0.65x in FY25, alongside strong cash flow from operations.

**Strategic Initiatives & Growth Drivers:**

The company's 'Double Engine' strategy, integrating hospitality and commercial real estate, continues to drive growth. Key drivers include a focus on returns-focused expansion, asset management, and leveraging strong industry tailwinds like India's GDP growth and favorable tourism demand-supply dynamics. Strategic location advantage in metros and leisure hubs further aids this. Chalet is also committed to sustainability, targeting Net-Zero by 2040 and achieving significant renewable energy consumption.

**Business Developments:**

Chalet Hotels significantly expanded its operational footprint in Q1 FY26 with 121 new rooms at Bengaluru Marriott and 44 rooms at The Dukes Retreat. The residential segment marked a milestone by recognizing revenue from 95 units handed over at The Vivarea. A robust pipeline of approximately 1,200 new hotel rooms and 0.9 msf of commercial real estate is under construction or in planning, signaling continued expansion.

**Market Position & Competitive Advantage:**

As part of the K Raheja Corp group, Chalet Hotels leverages six decades of experience and a pan-India presence. Its integrated 'Ecosystem Approach' combining hotel and commercial assets provides a unique competitive edge. The company demonstrates proven operational outperformance, supported by strong brand relationships and internal talent development. High sustainability scores (DJSI) further bolster its market standing and long-term positioning.

**Investor Implications:**

Chalet Hotels' strong Q1 FY26 results and healthy FY25 trends, combined with a significant reduction in Net Debt to Equity, indicate positive financial health. The robust pipeline across hospitality and commercial segments suggests strong growth potential. Investors should note the de-risked portfolio via the 'double engine' model, while monitoring execution risks related to project approvals and timelines for new developments.