Financial Performance Summary (Consolidated)

Q1 FY27 Performance (INR Million):

  • Total Income: ₹5,213 (down 42.6% YoY from ₹9,083 in Q1FY26; down 8.7% QoQ from ₹5,711 in Q4FY26)
  • EBITDA: ₹2,431 (down 34.5% YoY from ₹3,711; down 12.7% QoQ from ₹2,786)
  • EBITDA Margin: 46.6% (up 5.8 percentage points YoY from 40.9%; down 2.2 percentage points QoQ from 48.8%)
  • PBT: ₹1,325 (down 50.7% YoY from ₹2,686; down 25.5% QoQ from ₹1,779)
  • Tax: ₹464 (down 29.1% YoY from ₹655; up 212.3% QoQ from ₹149)
  • PAT: ₹861 (down 57.6% YoY from ₹2,031; down 47.2% QoQ from ₹1,630)

Ex-Residential Business Performance:

  • Total Income (ex-Resi): ₹5,140 Mn, up 10% YoY
  • EBITDA (ex-Resi): ₹2,400 Mn, up 15% YoY
  • EBITDA Margin (ex-Resi): 46.7%, up 231 bps YoY

Segment Performance

Hospitality Segment (Q1 FY27 vs Q1 FY26):

  • ADR: ₹13,247 (up 8.5% from ₹12,207)
  • Occupancy: 64.8% (down 1.2 percentage points from 66.0%)
  • RevPAR: ₹8,582 (up 6.5% from ₹8,059)
  • Total Income: ₹4,185 Mn (up 8.5% from ₹3,856 Mn)
  • EBITDA: ₹1,784 Mn (up 10.9% from ₹1,608 Mn)
  • EBITDA Margin: 42.6% (up 0.9 percentage points from 41.7%)

Commercial Real Estate/Rental Annuity (Q1 FY27 vs Q1 FY26):

  • Occupancy: 91% (including LOI of 66k sqft signed in May 2026 for Bengaluru)
  • Monthly revenue run-rate: ₹290 Mn in June 2026 (up from ₹280 Mn in March 2026)
  • Total Income: ₹865 Mn (up 18.2% from ₹732 Mn)
  • EBITDA: ₹735 Mn (up 20.9% from ₹608 Mn)
  • EBITDA Margin: 85.0% (up 1.9 percentage points from 83.1%)

Special Items and Transactions

  • The Holding Company introduced a voluntary separation scheme (VSS) at one of its Hotel Units during the quarter. Compensation for employees who opted for VSS aggregated to ₹98.49 million for the quarter ended June 30, 2026.
  • On May 5, 2026, the Holding Company acquired 100% shareholding of Seasons Hotels Private Limited (SHPL) for a consideration of ₹1,710 million. This acquisition does not constitute a business under Indian accounting standards and is accounted as an asset acquisition.

Development Pipeline Updates

  • CIGNUS II, Powai, Mumbai: Construction progressing; substantial completion expected by FY27 end.
  • Taj Delhi International Airport, New Delhi: Construction progressing steadily; partial opening planned in Q4 FY27, followed by phased launch.
  • Ritz Carlton, Hyderabad: Excavation work completed; foundation work has commenced.
  • Udaipur Resort: Expansion potential, branding under evaluation.
  • Hyatt Regency, Airoli, Navi Mumbai: Foundation & substructure waterproofing commenced.

Management Commentary

Shwetank Singh, MD & CEO, stated that Q1 set a strong foundation for the full year despite challenging geopolitical situation. Demand scenario showed mixed sentiment with air traffic staying flat from April to June. International business remained flat YoY due to West Asia conflict, with recovery being fueled by domestic demand. The company remains confident in capitalizing on long-term growth opportunities driven by strong consumption fundamentals, rising discretionary spending, and growing urban affluence.

Corporate Recognition

  • Great Places to Work® Recognition: 8th Rank in "Mid-size Workplaces", 7th consecutive year of receiving the recognition
  • No. 2 globally in S&P Global Corporate Sustainability Assessment (CSA) for Hotels, Resorts & Cruise Lines (score 82; 27/02/2026)
  • First hospitality company worldwide to join RE100, EP100, and EV100, having successfully achieved its EV100 commitment in 2025

Portfolio Details

Portfolio spans 11 operating hotels and resorts (3,389 keys) across globally recognized hospitality brands with ~1,655 rooms under development. Commercial real estate platform growing from 2.4 million to 3.3 million square feet.

Contacts

Investor Relations: Deepak Khetan (deepak.khetan@chalethotels.com, investorrelations@chalethotels.com)

Media Contacts: Damini Bindra (Damini.Bindra@BursonGlobal.com, +91 99998 91976), Avijit Sahay (Avijit.Sahay@BursonGlobal.com, +91 9910068556)