Chalet Hotels Q2 FY27 Core EBITDA Up 13%

The document contains the transcript of the Q2 FY27 Earnings Conference Call held on November 5, 2026, discussing unaudited financial results for the quarter and six months ended September 30, 2026.
The event was an earnings call and investor interaction session hosted by management, with participation from analysts and institutional investors.
Management participants included Mr. Shwetank Singh (Managing Director & Chief Executive Officer) and Mr. Nitin Khanna (Chief Financial Officer). Mr. Gaurav Singh (Chief Operating Officer) also participated in answering questions.
The company stated that the transcript would be disclosed on the company website www.chalethotels.com pursuant to Regulation 46 of SEBI Listing Regulations.
The call discussed Q2 FY27 performance, industry trends, project pipeline updates, and financial guidance. No specific statement about unpublished price sensitive information (UPSI) was made in the transcript.

For Q2 FY27, core business (excluding residential) revenue grew 11% YoY to INR 5,110 million, with EBITDA increasing 13% YoY to INR 2,274 million.
EBITDA margin improved by 110 bps to 45% for the core business.
Hospitality segment revenue grew 8% YoY to INR 4,115 million, with EBITDA of INR 1,691 million (up 11% YoY).
Blended RevPAR increased 7.2% YoY, driven by an 11.3% growth in ADR.
Resort properties delivered 34% RevPAR growth with blended occupancy improving to 41.2% from 32.6% last year.
Commercial Real Estate rental run-rate reached INR 300 million per month in September 2026, with occupancy at 91%.
CRE revenue stood at INR 901 million for the quarter, up 22% YoY, with EBITDA of INR 750 million (up 23% YoY).

ATHIVA Pulse Navi Mumbai (formerly Four Points by Sheraton) has been rebranded with INR 1 billion investment, showing positive initial response.
CIGNUS 2 Powai project remains on track for substantial completion by FY27 end, adding ~1 million sq ft of leasable area.
Taj at Delhi International Airport expected to launch entire inventory in early FY28, though monitoring GRAP restrictions in NCR.
Total development pipeline stands at 2,036 keys (~60% of current operating portfolio).
Planned CAPEX of INR 34-36 billion over FY27-FY29, largely funded through internal accruals.
Company targets operational portfolio of 5,500+ keys within next five years.

The document is a verbatim transcript of the earnings conference call, including management presentations and Q&A session with analysts.
The transcript was submitted to stock exchanges as a regulatory disclosure requirement.
No financial attachments or presentations were included in this specific disclosure, though references were made to earnings presentations published separately.