Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q1 FY27 Earnings Presentation
42 slides from Chalet Hotels's earnings presentation, Jul 29, 2026
Slide 1: Exchange filing cover letter
July 29, 2026 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-Co
Slide 2: Q1 FY27 Investor Presentation
Q1 FY27 INVESTOR PRESENTATION
Slide 3: Safe Harbor
Safe Harbor 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 reaso
Slide 4: Q1 FY27: Market Outlook
Q1 FY27: Market Outlook Business Leisure Domestic driving the demand; International business* flat YoY Demand driven by tourism and policy support Mumbai Hyderabad Bengaluru Pune Leisure • Limited city events; group • International business* • Low-rated demand • Healthy occupancy • Leisure demand &
Slide 5: Supply to remain tight: Across key markets
Supply to remain tight: Across key markets Supply to remain tight: Across key markets ~5-6% Branded Keys as of Mar’26 (‘000) Premium Supply Delhi NCR CAGR in Key 6% Markets Bengaluru 19.3 Jaipur (FY25-FY28) 8% Chennai 10.0 Hyderabad 8.7 Mumbai 16.5 New Delhi 14.0 Mumbai Pune 8.0 6% Goa 11.0 Jaipur 8
Slide 6: a ATHIVA
ar a ATHIVA HOTELS & RESORTS
Slide 7: Chalet Hotels – Q1FY27 Key Highlights
Chalet Hotels – Q1FY27 Key Highlights Revenue EBITDA EBITDA Margin (₹ mn) (₹ mn) (%) 5,213 2,431 46.6% Consolidated -43% YoY -34% YoY 577 bps Q1 FY27 Financials 5,140 2,400 46.7% Ex- Residential 10% YoY 15% YoY 231 bps • Consolidated financials are not comparable YoY due to income from Residential p
Slide 8: Business Performance
Business Performance T h e A D i n e r, A t h i v a R e s o r t & S p a , K h a n d a l a
Slide 9: Hospitality: Key Highlights
Hospitality: Key Highlights Revenue (₹ million) EBITDA (₹ million) 9% YoY 11% YoY 3,856 4,185 304 6% 323 1,784 1,608 1,278 1,177 9% Q1 FY26 Q1 FY27 EBITDA Margin (%) 92 bps YoY 2,603 10% 2,356 41.7% 42.6% Q1 FY26 Q1 FY27 Room F&B Others Q1 FY26 Q1 FY27 8
Slide 10: Hospitality: Customer & Channel mix
Hospitality: Customer Channel mix Hospitality: Customer & Channel mix Q1 FY26 Q1 FY27 By Customer Segment 9% 9% Legend: 22% Transient 26% Groups 65% Contract 69% Q1 FY26 Q1 FY27 By Distribution Channel 10% 7% Legend: 24% E-Channel (OTA) 23% 53% GDS 57% Brand.com Property, Voice, Other 14% 12% 9
Slide 11: Hospitality: Geography wise performance
Hospitality: Geography wise performance Portfolio level Q1 FY27 Q1 FY26 YoY% FY26 1. Average Daily Rate (₹) a. MMR 12,470 11,588 7.6% 12,693 b. Others 13,928 12,818 8.7% 14,724 Combined Portfolio 13,247 12,207 8.5% 13,727 2. Occupancy (%) a. MMR 68.5% 71.9% -350 bps 74.5% b. Others 61.9% 61.1% 80 bp
Slide 12: Hospitality: Segment wise performance
Hospitality: Segment wise performance Portfolio level Q1 FY27 Q1 FY26 YoY% FY26 1. Average Daily Rate (₹) a. Business Hotels 12,657 11,778 7.5% 13,370 b. Resorts 18,250 17,134 6.5% 17,777 Combined Portfolio 13,247 12,207 8.5% 13,727 2. Occupancy (%) a. Business Hotels 66.9% 68.7% -1.8% 70.8% b. Reso
Slide 13: Hospitality: Operating Performance
Hospitality: Operating Performance Inventory additions and newly acquired assets to drive efficiencies going ahead Total Expenses % of Revenue Utilities % of Revenue 58.3% 57.4% 5.7% 5.6% Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Staff to Room Ratio (x) 0.98 Payroll % of Revenue 0.97 15.1% 15.0% Q1 FY26 Q1 FY
Slide 14: Commercial Real Estate: Leasing Status
Commercial Real Estate Leasing Status: June’26 vs June’25 (msf.) Consolidated Property-wise break-up of Leasable area (Jun’26) 77% 91% 2.4 2.4 2.1 1.8 The Orb Retail, Sahar CIGNUS Powai® Tower I CIGNUS Whitefield® Complex 95% 90% 89% June'25 June'26 Leased Area Leasable Area Particulars 0.5 0.5 0.9
Slide 15: Residential Project: Performance Highlights
Residential Project: Performance Highlights Residential Commercial Phase - 1 Phase - 2 ~160,000 sq. ft. 153 apartments 168 apartments Leasable area Handed over Under development Under development Pending Avg Sale Price Phase (msf.) Units handover (₹ psf) Residential – I 0.55 153 - - Residential - II
Slide 16: Financials
Financials S k y D e c k , A t h i v a R e s o r t & S p a , K h a n d a l a
Slide 17: Consolidated Performance
Consolidated Performance Revenue EBITDA EBITDA Margin Particulars (₹ mn) (₹ mn) (%) A. Hospitality Business 4,185 1,784 42.6% YoY Change (%) 8.5% 10.9% 92 bps B. Commercial Real Estate 865 735 85.0% YoY Change (%) 18.2% 20.9% 193 bps C. Residential Project 73 31 41.9% Consolidated 5,213 2,431 46.6%
Slide 18: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss Q1 FY27 YoY Particulars (₹ million) Q1 FY27 Q1 FY26 YoY% (Ex-Resi) (Ex-Resi) Total Income 5,213 9,083 -42.6% 5,140 9.5% Total Expenditure 2,783 5,373 -48.2% 2,740 5.0% EBITDA 2,431 3,711 -34.5% 2,400 15.2% Margin % 46.6% 40.9% 5.8% 46.7% 2.3% Dep and Amort. 61
Slide 19: Leverage Position
Leverage Position Particulars (₹ million) FY19 FY23 FY24 FY25 FY26 Q1 FY27 Allocable to operating assets 13,572* 11,768* 11,486* 13,109* 10,947 9,491 Allocable to under- construction/to be ~900 ~12,600 ~13,600 ~6,800 ~8,258 10,914 operationalized assets Net Debt 14,472 24,368 25,086 19,909 19,206 20
Slide 20: Pipeline & Project Update
Pipeline & Project Update A t h i v a Re s o r t & S p a , K h a n d a l a
Slide 21: Healthy Growth Pipeline
Healthy Growth Pipeline Commercial Real-Estate – Under Leasable area Location Progress update construction CRE CIGNUS Powai® Tower II 0.9 msf Mumbai Q4 FY27 Hospitality – Under construction New Rooms Location Progress update Taj Delhi International Airport, New Delhi ~380 rooms New Delhi Q4 FY27* At
Slide 22: Key Project Update – CIGNUS Powai Tower II, MMR
Key Project Update – CIGNUS Powai® Tower II, MMR ~380 CRE:keys Airportsq. 0.9 million Hotel ft. Q4 FY26 Q1 FY27 5th Floor slab casted 9th Floor slab casted; Core at 17th Floor Core at 15th Floor Pour 6 – GF slab completed Pour 6 – GF slab in progress Porch – Canopy structure & pathway completed Actu
Slide 23: Key Project Update – Taj Delhi International Airport
Key Project Update – Taj Delhi International Airport, New Delhi ~380 keys keys Airport Airport Hotel Hotel Q4 FY26 ~380 Façade work in-progress Interior works for public area in-progress Actual Site Images Rendering Q1 FY27 Interior works for guest rooms & public area in-progress Guest & service ele
Slide 24: Key Project Update – Hyatt Regency, Airoli
Key Project Update – Hyatt Regency, Airoli, Navi Mumbai ~380276-keys keys Airport hotelHotel Q4 FY26 Q1 FY27 Shore piling & excavation in Foundation & substructure progress waterproofing commenced Actual Site Images Rendering Note: Chalet to receive on warm-shell lease basis which is being developed
Slide 25: Key Project Update – Ritz Carlton, Hyderabad
Key Project Update – Ritz Carlton, Hyderabad Q4 FY26 Q1 FY27 330-keys luxury hotel Excavation Excavation completed, foundation work in progress work commenced Rendering Actual Site Images Note: Chalet to receive on warm-shell lease basis which is being developed by Mindspace REIT 24
Slide 26: Chalet Hotels: Creating Value
Chalet Hotels: Creating Value Pa n o r a m a , A t h i v a R e s o r t & S p a , K h a n d a l a
Slide 27: Capabilities developed
25+ years of evolution towards becoming a leading hospitality player Chalet’s evolution as a leading hospitality player from “Pure Asset Owner Model” to “Hybrid Model” Brand Ownership Portfolio & Platform Capabilities • 25+ years' legacy in asset Entered “Franchise” model management and hotel Asset
Slide 28: Rapid growth in presence, earnings as we evolved
Rapid growth in presence, earnings as we evolved 5,044 4,564 3,922 3,620 1,655 1,250 2,911 870 Expanding 986 presence 580 (Key count) 3,052 3,314 3,389 2,331 2,634 Total Pipeline Operational FY19 FY23 FY24 FY25 FY26 Revenue: 2x | EBITDA: 2.6x FY19 FY23 FY24 FY25 FY26 Rapid growth RevPAR (Rs) 6,283 6
Slide 29: Unparalleled Execution Excellence
Unparalleled Execution Excellence Unparalleled Execution Excellence 121 keys, 8 suites delivered in 15 months. Bengaluru (MEP, fit-outs, interiors) Marriott Apr’24 May’25 Jul’25 Hotel Whitefield Work 121 keys 8 suites commenced commenced commenced 30 additional keys, Gaming room, Gym, Meeting & Conf
Slide 30: Creating Value: Powai
Creating Value: Powai Capitalizing Investment Through Active Asset Management 29 Po w a i C o m p l e x , M u m b a i
Slide 31: Powai Complex: Continuous Value Creation with Upgrades & Additions
Powai Complex: Continuous Value Creation with Upgrades & Additions FY 2000 FY 2001 FY 2022 FY 2025 FY 2028 (P) Lakeside Chalet, Renaissance Rebranding to Marriott Executive Mumbai Convention The Westin Mumbai CIGNUS Tower I CIGNUS Tower II Apartments Centre Hotel Powai Lake Recent value-adds at the
Slide 32: Annexure
Annexure A t h i v a Re s o r t & S p a , K h a n d a l a
Slide 33: Our Presence
Our Presence Operational (Keys) In Pipeline (Keys) 11 Hotels Uttarakhand (141) New Delhi (~380) Faridabad (158) 3,389* Udaipur (~144) Keys MMR# (1,517) (276) 2.4 Pune (311)/ Khandala (147) Hyderabad (595) (330) Commercial Real Goa (375) Estate (msf+) Bengaluru (520) Thiruvananthapuram 11+1 Towers ^
Slide 34: Strong Leadership: Board of Directors
Strong Leadership: Board of Directors Hetal Gandhi Chairman & Independent Director Joseph Conrad D’Souza Arthur De Haast Radhika Piramal Manish Chokhani Gautam Mehra Independent Director Independent Director Independent Director Independent Director Independent Director Ravi C. Raheja Neel C. Raheja
Slide 35: Strong Leadership: Management
Strong StrongLeadership: Leadership:Management Management Shwetank Singh Nitin Khanna Gaurav Singh Salil Khare Manoj Agarwal Managing Director & Chief Financial Officer Chief Operating Officer Chief Projects Officer Chief Growth & Chief Executive Officer Product Officer Over two and a half Over two
Slide 36: Self Sustaining Talent
People Powering Growth through Talent, Capability & Culture Entry Level Talent Brought in through programs & Best-in-Industry SELF SUSTAINING TALENT ALL IN THE ENVIRONMENT OF partners like Neev & Job Plus Productivity Ratios “One chalet” culture FLYFEEL FOR SCALE Internal Talent Pool Developed throu
Slide 37: 'Parivartan' by Chalet: Our Sustainability Story
‘Parivartan’ by Chalet: Our Sustainability Story DJSI Score Energy Management Water & Waste Management E-Mobility Corporate 61% 100% organic waste treated Sustainability through organic waste 82 composters 100% guest fleet as EVs Assessment Score % Share of 100% operational Recycling of wastewater R
Slide 38: 'Parivartan' by Chalet: Climate Change Action
‘Parivartan’ by Chalet: Climate Change Action Initiative RE100 (Renewable EP100 (Energy Productivity): Double EV100 (Electric Chalet Hotels commits to Energy): Move to 100% renewable energy by energy productivity (revenue per unit of Vehicles): Move entire fleet to EVs for guest achieve Net- Zero 20
Slide 39: Consolidated Profit & Loss Statement – Annual Trend
Consolidated Profit & Loss Statement – Annual Trend Particulars (₹ million) FY21 FY22 FY23 FY24 FY25 FY26 ADR 4,040 4,576 9,169 10,718 12,094 13,727 Occupancy 30% 51% 72% 73% 73% 67% RevPAR 1,214 2,355 6,605 7,776 8,781 9,226 Total Income 3,075 5,297 11,780 14,370 17,541 28,124 Total Expenditure 2,7
Slide 40: Consolidated Balance Sheet – 5 Year Trend
Consolidated Balance Sheet – 5 Year Trend Particulars (₹ million) FY21 FY22 FY23 FY24 FY25 FY26 Inventory: Hotels 7 7 8 10 11 11 Rooms 2,554 2,554 2,634 3,052 3,193 3,389 Capital Employed 32,276 35,821 38,531 38,368 48,596 60,220 Investments# 1,433 3,489 5,985 6,596 11,409 4,393 Net Worth 14,329 13,
Slide 41: Earnings Call – Chalet Hotels
Earnings Call – Chalet Hotels Chalet Hotels Ltd cordially invites you to their Earnings Call to discuss operational and financial performance for Q1 FY27 Thursday, 30th July 2026 Management Representatives 11:00 AM, IST Mr. Shwetank Singh Mr. Nitin Khanna Managing Director & Chief Financial Officer
Slide 42: Thank you!
Thank you! Investor Relations Contact: EY Investor Relations: Deepak Khetan deepak.khetan@chalethotels.com Runjhun Jain investorrelations@chalethotels.com Runjhun.jain1@in.ey.com