Chalet Hotels (K Raheja Corp Group) Reports Strong FY26 Full-Year Results: Consolidated Revenue Crosses ₹25 Billion, EBITDA Crosses ₹10 Billion

Strong FY26 Performance Marks Expansion Milestone for Chalet Hotels

Chalet Hotels Limited's FY26 results show consolidated revenue crossing ₹25 billion and EBITDA crossing ₹10 billion. The K Raheja Corp subsidiary, a publicly listed operator of premium hotels and mixed-use developments across India, delivered financial growth driven by its dual-revenue model spanning hospitality and commercial real estate.

Consolidated Financial Results

For FY26, consolidated revenue excluding residential reached ₹20.7 billion, reflecting 18 per cent year-on-year growth. Consolidated EBITDA excluding residential stood at ₹9.6 billion, up 21 per cent year-on-year, with a margin of 46.2 per cent. Consolidated profit after tax for the year stood at ₹6.5 billion.

The consolidated net worth strengthened to ₹36,972 million as of March 31, 2026, up from ₹30,457 million in the previous year. The Debt Equity Ratio improved to 0.63 times from 0.84 times in the corresponding period, while the Debt Service Coverage Ratio improved to 2.53 from 1.06.

Portfolio Expansion and Strategic Additions

Chalet Hotels' total portfolio has crossed 5,000 keys, including seven pipeline projects with around 1,655 keys. During the quarter, the company added two significant projects: a 330-key luxury greenfield hotel in Hyderabad and an approximately 144-key premium brownfield resort in Udaipur.

The acquisition of Inder Residency Resort & Spa in Udaipur (144 keys) for ₹1,710 million marks a strategic entry into the leisure market. Chalet also announced a 330-key ultra-luxury The Ritz-Carlton Hyderabad project near Mindspace Madhapur, expected to launch by the end of FY29.

Hospitality and Commercial Real Estate Performance

The hospitality performance remained resilient, supported by strong room rates. Average room rate for FY26 stood at ₹13,727, up 13 per cent year-on-year, while RevPAR rose 5 per cent to ₹9,226.

The commercial real estate segment delivered strong results, with total revenue rising 37% year-on-year to ₹847 million in Q4 FY26 and 55% to ₹3,061 million for FY26, with EBITDA margin expanding to 83.6% in Q4 FY26 and 83.1% for FY26.

Sustainability Leadership

In the S&P Global Corporate Sustainability Assessment dated February 27, 2026, Chalet Hotels achieved an overall score of 82 across all three ESG dimensions and ranked second globally in the Hotels, Resorts & Cruise Lines category. Chalet Hotels Limited is the first hospitality company across the globe to join all three Climate Group initiatives - RE100, EP100 and EV100.

K Raheja Corp's Diversified Platform

Founded in 1956 by Chandru Raheja, K Raheja Corp operates across commercial office spaces, hospitality, residential, retail, and malls. K Raheja Corp is the second largest commercial developer in India and operates Mindspace Office Parks as a real estate investment trust. Chalet Hotels represents the group's hospitality arm, complementing its significant office and residential portfolio across major Indian cities.

Shwetank Singh, MD & CEO, Chalet Hotels, noted that despite geopolitical volatility, aviation sector disruptions and extreme weather events, Chalet Hotels delivered a resilient operational and financial performance in FY26, underscoring the strength of its diversified business model and premium portfolio.