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Earnings Call Transcript

Chalet Hotels Earnings Call Transcript: Key Takeaways

Chalet Hotels delivered steady growth with EBITDA margins expanding to 46.7%, though geopolitical conflicts in West Asia are currently dampening international business travel arrivals.

Guidance and delivery
Management target Revenue FY29
Highlights
Revenue growthCore business revenue up 10% YoY excluding residential recognition.
MarginsEBITDA margins expanded 231 bps to 46.7% due to efficiency.
Demand visibilityStrong domestic and leisure demand; international business remains flat.
Management confidenceConfident, focusing on asset upgrades and long-term value creation.

Growth

Core revenue grew 10% YoY; leisure portfolio outperformed with 19% RevPAR growth.

Outlook

Planned capex of ₹30 billion through FY29; targeting 5,000+ keys with annual additions of 500.

Risks

International traveler recovery hinges on West Asia resolution; construction noise at Powai impacts occupancy.

Last quarter's promises, checked

Delivered

  • Guided 46% EBITDA margin (ex-res) → delivered 46.7% (= BEAT)
  • Targeted >5,000 total keys → delivered 5,000+ keys (= BEAT)
  • Planned ₹30B capex through FY29 → reiterated ₹30B through FY29 (= DELIVERED)

Partly delivered

  • Targeted Taj Delhi Airport launch by Q4 FY27 → confirmed for Q4 launch (= PARTIAL)

Missed

  • Reported ₹19B net debt (Mar-26) → actual ₹24B (= MISS)
  • Guided 18% YoY revenue growth (ex-res) → delivered 10% (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: CHALET. Summary written with AI assistance from the document.

Read the document ↗

Chalet Hotels Ltd: key numbers

Share price
₹881.35
Market cap
₹19,301 Cr
Revenue (annual)
₹2,770 Cr
Net profit (annual)
₹645.1 Cr
P/E (TTM)
36.5×Sector 43.7×
Promoter holding
67.29%+0.00% QoQ
FII holding
4.26%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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