Key Highlights for Q1FY26:

• The core business, i.e. excluding residential
• Revenue stood at INR 4.7 bn, 27% higher than Q1 FY25
• EBITDA stood at INR 2.1 bn, 37% higher than Q1 FY25
• EBITDA margins expanded by 3.3 % to 44.4%.
• 7% YoY room inventory growth led by the successful project expansions. 
• The developers have handed over ninety-five apartments to owners at the residential project in Koramangala, Bengaluru.
• Certified as a Great Place To Work® in India, 6th time in a row.

Development Pipeline Updates:

• Marriott Whitefield, Bengaluru: Commissioned 121 additional rooms in May this year.
• The Dukes Retreat, Khandala: Completed renovation and additions of 44 keys and a banquet during the quarter, which were operationalised on July 4 2025, taking the inventory to 117 keys. Final phase of 30 rooms on track for completion, taking total inventory to 147 rooms.
• The Taj at Delhi Airport: Construction progressing steadily; on track for completion in H1 FY27.
• Varca Beachfront Resort, Goa: Development progressing as scheduled, with delivery expected in FY28.
• Cignus II, Powai: Second commercial tower at The Westin Powai Lake advancing on schedule; slated for completion in FY27.

Speaking on the financial results, Dr. Sanjay Sethi, MD & CEO, Chalet Hotels Limited, said, “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. I’m immensely proud of how Chalet Hotels continues to demonstrate both resilience and purpose in an ever-evolving environment.

Over the past two years, we’ve also been thoughtfully preparing for the future of leadership at Chalet. In alignment with a well-crafted succession plan developed in collaboration with the Board, I had communicated my intent not to seek an extension of my current term, which concludes on January 31, 2026. It gives me great pleasure to announce that Mr. Shwetank Singh will assume the role of Managing Director & CEO, effective February 1, 2026.

This transition is the result of a meticulous and collaborative process designed to preserve our strategic direction while infusing fresh perspective and energy. I look forward to working closely with Shwetank over the coming months to ensure a seamless handover and continued momentum for the organisation and its people.”

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