Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q2 FY26 Earnings Presentation
27 slides from Chalet Hotels's earnings presentation, Nov 4, 2025
Slide 1: Exchange filing cover letter
November 4, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 (Equity Shares) 976529 (Non
Slide 2: Investor Presentation Q2 FY26
INVESTOR PRESENTATION Q2 FY26
Slide 3: Safe Harbour
Safe Harbour This release has been prepared by Chalet Hotels Limited (CHL) and the information on which it has been based or derived from sources that we believe to be reliable. Whilst all reasonable care has been taken to ensure the facts stated are accurate and the opinions given are fair and reas
Slide 4: Proud to introduce our Brand: ATHIVA Hotels & Resorts
Proud to introduce our Brand: ATHIVA Hotels & Resorts A new-age premium lifestyle hospitality brand, built on the ethos of joy, wellness and sustainability! Our Debut Athiva Property: Coming Soon: Athiva Resort & Spa, Khandala 1. Athiva, Navi Mumbai 2. Athiva Resort & Spa, Aksa Beach, Mumbai 3. Athi
Slide 5: Key Highlights
Key Highlights Q2 FY26: Financial Highlights H1 FY26: Financial Highlights Delivering on our Rewarding (YoY) (YoY) ESG Goals Our Shareholders Consolidated Consolidated The Board has declared +94% Revenue +120% Revenue its maiden interim dividend of ₹1 per share +98% EBITDA +123% EBITDA Chalet become
Slide 6: Consolidated Performance: Q2 FY26
Consolidated Performance: Q2 FY26 Particulars Revenue (₹ mn) EBITDA (₹ mn) EBITDA Margin (%) A. Hospitality Business 3,802 1,521 40.0% YoY Change (%) 13% 10% -139 bps B. Commercial Real Estate 738 607 82.3% YoY Change (%) 76% 88% 515 bps C. Residential Project 2,821 1,073 38.0% Consolidated 7,438 3,
Slide 7: Driving strong EBITDA performance (Q2 FY26)
Driving strong EBITDA performance (Q2 FY26) Hospitality Business Commercial Real Estate (CRE) 41.4% Residential Business 1,073 3,077 Net Overheads* (All figures in ₹ million) -124 EBITDA Margin (%) for the period 1,073 607 40.6% 1,556 607 1,521 323 1,387 1,521 Q2FY25 Hospitality CRE Residential Net
Slide 8: Hospitality: Q2 FY26 Performance Highlights
Hospitality: Q2 FY26 Performance Highlights Revenue (₹ million) EBITDA (₹ million) EBITDA Margin (%) 3,802 3,352 41.4% 1,521 40.0% 1,094 1,387 1,014 2,118 2,455 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Room F&B Others Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 13% YoY 10% YoY -139 bps YoY 7
Slide 9: Hospitality: Q2 FY26 Operating Performance
Hospitality: Q2 FY26 Operating Performance Inventory additions and newly acquired assets to drive efficiencies in H2 FY26 Total Expenses % of Revenue Utilities % of Revenue 60.0% 5.8% 6.0% 58.6% Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Staff to Room Ratio (x) Payroll % of Revenue 0.97 0.98 14.8% 15.5% Q2 FY2
Slide 10: Hospitality: Geography wise performance (Q2 FY26)
Hospitality: Geography wise performance (Q2 FY26) Average Daily Rate Change YoY (%) Occupancy Change YoY (%) 50% 5% 0% 30% -5% The addition of 129 rooms during 10% -10% H1FY26 in Bengaluru, -15% representing a 33% increase in -10% -20% inventory, is expected to stabilize -30% -25% over the next few
Slide 11: Hospitality: Geography wise performance (Q2 & H1 FY26)
Hospitality: Geography wise performance (Q2 & H1 FY26) Same Store* Portfolio level Q2 FY26 Q2 FY25 YoY% H1 FY26 H1 FY25 YoY% 1. Average Daily Rate (₹) a. MMR 11,057 10,552 4.8% 4.8% 11,318 10,536 b. Others 13,239 10,473 26.4% 24.1% 13,034 10,402 Combined Portfolio 12,170 10,513 15.8% 14.4% 12,188 10
Slide 12: Hospitality: Segment wise performance (Q2 & H1 FY26)
Hospitality: Segment wise performance (Q2 & H1 FY26) Same Store* Portfolio level Q2 FY26 Q2 FY25 YoY% H1 FY26 H1 FY25 YoY% 1. Average Daily Rate (₹) a. Business Hotels 12,035 10,439 15.3% 15.3% 11,910 10,421 b. Resorts 14,217 12,453 14.2% -3.8% 15,831 11,969 Combined Portfolio 12,170 10,513 15.8% 14
Slide 13: Consolidated Performance: H1 FY26
Consolidated Performance: H1 FY26 Particulars Revenue (₹ mn) EBITDA (₹ mn) EBITDA Margin (%) A. Hospitality Business 7,658 3,129 40.9% YoY Change (%) 16% 15% -43 bps B. Commercial Real Estate 1,470 1,215 82.7% YoY Change (%) 90% 107% 697 bps C. Residential Project 7,213 2,701 37.5% Consolidated 16,5
Slide 14: Hospitality: H1 FY26 Performance Highlights
Hospitality: H1 FY26 Performance Highlights Revenue (₹ million) EBITDA (₹ million) EBITDA Margin (%) 7,658 6,606 41.3% 40.9% 3,129 2,271 2,053 2,728 4,120 4,811 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 Room F&B Others H1 FY25 H1 FY26 H1 FY25 H1 FY26 16% YoY 15% YoY -43 bps YoY 13
Slide 15: Commercial Real Estate: Highlights (Q2 & H1 FY26)
Commercial Real Estate: Highlights (Q2 & H1 FY26) Particulars (₹ mn) Q2 FY26 Q2 FY25 YoY H1 FY26 H1 FY 25 Leasing Status: Q2 FY26 vs Q2 FY25 (msf.) Total Revenue 738 419 76% 1,470 774 EBITDA 607 323 88% 1,215 587 EBITDA% 82.3% 77.1% 5.2 pp 82.7% 75.8% 2.4 Q2 FY26 1.9 0.1 2.4 Q2 FY25 CIGNUS Powai® To
Slide 16: Residential Project: Performance Highlights (Q2 & H1 FY26)
Residential Project: Performance Highlights (Q2 & H1 FY26) Particulars (msf.) No. of Avg Sale Price Units (₹ psf) Residential (1+2+3) 0.86 321 1 Historical sales 0.29 83 ~7,700 *Insert Actual 2 New Sales (A+B+C+D) 0.56 231 ~19,950 A FY24 0.29 121 ~18,800 Image B FY25 0.22 90 ~21,200 C Q1FY26 0.03 13
Slide 17: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss Q2FY26 YoY Particulars Q2 FY26 Q2 FY25 YoY% Q1 FY26 QoQ% FY25 Ex-Resi Ex-Resi Total Income 7,438 3,832 94% 4,617 20% 9,083 -18% 17,541 Total Expenditure 4,361 2,275 92% 2,613 17% 5,373 -19% 9,819 EBITDA 3,077 1,556 98% 2,004 25% 3,711 -17% 7,722 Margin % 41.4%
Slide 18: Balance Sheet
Balance Sheet Particulars (₹ million) H1 FY26 FY25 Fixed Assets 32,745 30,908 Investment Properties 20,397 19,984 Capital Work in Progress 1,224 1,832 (Inc Investment Property under construction) Right of use asset 362 395 Goodwill 817 817 Other Non-Current assets 5,708 5048 Cash and Cash Equivalent
Slide 19: Leverage Position
Leverage Position Particulars (₹ million) FY18 FY19 FY23 FY24 FY25 YTD FY26 Allocable to operating assets 23,323 13,572 11,768 11,486 13,109 14,323 Allocable to under-construction/to ~3,700 ~900 ~12,600 ~13,600 ~6,800 ~6,600 be operationalized assets Net Debt 27,023 14,472 24,368 25,086 19,909 20,92
Slide 20: Healthy Growth Pipeline
Healthy Growth Pipeline Under construction New Rooms/ Leasable area Location Progress update Phase 1: August ’24 Athiva Resort & Spa, Khandala 30 Khandala Phase 2: July ’25 Renovation & Expansion (117 keys currently operational) Phase 3: November ‘25 Taj at Delhi International Airport 385-390 rooms
Slide 21: Key Projects
Key Projects Taj at Delhi International Airport, NCR CIGNUS Powai® Tower II, MMR Actual Site Image Actual Site Image Actual Site Image 7th Floor Slab inArtist progress Podium 1 Slab casted Render Image Artist Render Image Artist Render Image 20
Slide 22: Our Presence: Hotel Keys
Our Presence NCR# Uttarakhand (141) Faridabad (158) 11 Hotels MMR# (1,517) Pune (311 )/Khandala (117) Hyderabad (595) 3,359* Keys Goa Bengaluru (520) Thiruvananthapuram *As on 31st October 2025 #NCR: National Capital Region; MMR: Mumbai Metropolitan Region Operational (Keys) In Pipeline Disclaimer:
Slide 23: 'Parivartan' by Chalet: Our Sustainability Story
‘Parivartan’ by Chalet: Our Sustainability Story DJSI Score Energy Management Water & Waste Management E-Mobility Corporate Wet waste treated through organic waste composters Sustainability 60% 100% guest fleet as EVs 67 Assessment 100% operational assets Score Recycling of wastewater have EV chargi
Slide 24: Climate Change Actions
Climate Change Actions Initiative EP100 (Energy Productivity): RE100 (Renewable Energy): EV100 (Electric Vehicles): Double energy productivity Move to 100% renewable Move entire fleet to EVs for (revenue per unit of electricity energy by 2030 guest transportation by 2025 consumed) by 2028 The Compan
Slide 25: Consolidated Profit & Loss Statement – 5 Year Trend
Consolidated Profit & Loss Statement – 5 Year Trend Particulars (₹ million) FY21 FY22 FY23 FY24 FY25 ADR 4,040 4,576 9,169 10,718 12,094 Occupancy 30% 51% 72% 73% 73% RevPAR 1,214 2,355 6,605 7,776 8,781 Total Income 3,075 5,297 11,780 14,370 17,541 Total Expenditure 2,785 4,093 6,757 8,327 9,818 EB
Slide 26: Consolidated Balance Sheet – 5 Year Trend
Consolidated Balance Sheet – 5 Year Trend Particulars (₹ million) FY21 FY22 FY23 FY24 FY25 Inventory: Hotels 7 7 8 10 11 Rooms 2,554 2,554 2,634 3,052 3,193 Capital Employed 32,276 35,821 38,531 38,368 48,596 Investments# 1,433 3,489 5,985 6,596 11,409 Net Worth 14,329 13,410 15,415 18,509 30,457 Ne
Slide 27: Chalet Hotels Limited – Investor Relations Contact
Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 Investor Relations Contact: Mr. Deepak Khetan deepak.khetan@chalethotels.com investorrelations@chalethotels.com