# Chalet Hotels (CHALET) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/chalet

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹818
- Change: -0.64%
- As of: 2026-11-06
- 1D return: -0.64%
- 5D return: +1.53%
- 1M return: -0.91%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

CHALET (₹818.00) exhibits a mixed technical posture as of 2026-11-06, characterized by short-term bearish pressure against a longer-term bullish context. On the daily chart, price action is below the 20-period EMA and Supertrend, with an ADX of 20.54 indicating developing but not yet strong trend conviction. This aligns with recent negative returns (-0.6% over 1 day, -5.2% over 3 months) and a high-participation anomaly on 2026-11-05 that lacked clear directional follow-through. Conversely, the monthly timeframe remains bullish, with price above the Supertrend and an active Inside Bar pattern suggesting potential consolidation or reversal from the current range. The stock trades in the middle of its 20-day (+56.9%) and 252-day (+44.2%) ranges, offering balanced proximity to key levels. Immediate resistance sits at ₹825.63 (pivot), while support is found at ₹810.87 (low). Risk metrics show significant volatility (annualized +30.2%) and a current drawdown of -23.2%, underscoring the need for cautious positioning.

- Daily trend is bearish: Price is below the 20-period EMA and Supertrend; ADX (20.54) suggests developing trend strength rather than established momentum.
- Monthly context is bullish: Price remains above the monthly Supertrend with an active Inside Bar pattern, contrasting with the shorter-term weakness.
- Key levels to monitor: Resistance at ₹825.63 (0.93% above); Support at ₹810.87 (0.87% below). A break above ₹825.63 could signal short-term relief, while a close below ₹810.87 may extend downside toward ₹800.50.
- Risk profile: High volatility (ATR 3.23%, annualized vol +30.2%) and a current drawdown of -23.2% indicate elevated risk; participation was high on 2026-11-05 but direction remained unclear.

- Inside Bar
- Doji
- Harami
- Bearish Engulfing Reversal

### News Context

Chalet Hotels reported Q2 FY27 results on November 4, 2026, showing a 39.7% year-on-year increase in net profit to ₹216.2 crore. This profit growth occurred despite a headline consolidated revenue decline of 31.7%, which was primarily driven by base effects from residential project income recognized in the prior year. Excluding this one-off item, core operations demonstrated resilience with total income rising 11% and EBITDA growing 13%. Management attributed strong performance to improved operating margins, rate increases, and robust domestic leisure demand, noting that hospitality RevPAR rose 7.2%. The company also highlighted positive initial responses to its new ATHIVA Pulse brand launch.

Following these results, Nomura maintained a 'Neutral' rating on Chalet Hotels with a target price of ₹910 on November 5, citing the steady operational performance observed in the quarter.

- Q2 FY27 Net Profit: Increased 39.7% year-on-year to ₹216.2 crore.
- Core Operational Growth: Excluding prior-year residential project income, core revenue grew 11% and EBITDA rose 13.5%; hospitality RevPAR increased 7.2% due to higher average daily rates.
- Headline Revenue Context: Consolidated revenue fell 31.7% year-on-year, reflecting the absence of one-off residential project income compared to the previous year.
- Analyst View: On November 5, Nomura maintained a 'Neutral' rating with a ₹910 target price, referencing the company's steady second-quarter performance.

- [Nomura maintains 'Neutral' on Chalet Hotels, Rs 910 target price after steady Q2 performance](https://www.moneycontrol.com/news/business/markets/nomura-maintains-neutral-on-chalet-hotels-rs-910-target-price-after-steady-q2-performance-14071167.html)
- [Chalet Hotels reports total income from core operations of Rs 511 crore, PAT up 40% to Rs 216 crore](https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/chalet-hotels-reports-total-income-from-core-operations-of-rs-511-crore-pat-up-40-to-rs-216-crore/articleshow/135543215.cms)
- [Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- [Chalet Hotels Q2 results: Net profit rises 39.7% to ₹216.2 crore; revenue falls 31.7%](https://www.cnbctv18.com/market/chalet-hotels-q2-results-net-profit-rises-39-7pc-to-rs216-2-crore-revenue-falls-31-7pc-20027212.htm)

### What Changed

Chalet Hotels Limited (NSE: CHALET) has completed the disclosure cycle for its unaudited financial results for the quarter and six months ended September 30, 2026. The Board of Directors approved these results on November 4, 2026, following a review by the Audit Committee, with statutory auditors issuing an unqualified conclusion. On November 5, 2026, the company published the audio recording of the earnings call held that morning and filed copies of newspaper advertisements in the Financial Express, Free Press Journal, and Navshakti to satisfy exchange listing obligations.

Market pricing reflects a minor contraction from the previous close; as of November 6, 2026, the stock traded at ₹818.00, down from ₹823.90. This represents a nominal decline of approximately 0.8% over the reporting period. No new strategic business developments or operational changes were reported alongside the financial disclosures.

- Financial Results Approved: Unaudited standalone results for Q2 and H1 FY2027 were approved by the Board on November 4, 2026, with an unqualified audit opinion.
- Disclosure Compliance: Audio recordings of the November 5, 2026 investor meet and newspaper advertisements were filed with the NSE on November 5, 2026.
- Price Movement: The share price closed at ₹818.00 on November 6, 2026, compared to ₹823.90 in the prior session, marking a slight decrease.

- [Chalet Hotels Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHALET_05112026181239_Recording04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHALET_05112026184039_NewspaperFinancialResultsAdvt05112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190321315.xml)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190403783.xml)

### Official Filings

Chalet Hotels Limited (NSE: CHALET) reported unaudited financial results for the quarter and six months ended September 30, 2026, approved by its Board on November 4, 2026. The Group delivered strong operational growth, with consolidated revenue from operations rising to ₹5,019.96 million in Q2 FY27, up from ₹4,185.32 million in the prior quarter. Consolidated net profit also expanded significantly to ₹2,162.55 million for the quarter, compared to ₹1,024.36 million previously. On a standalone basis, Core Business Revenue grew 11% year-on-year to ₹5,110 million, while EBITDA increased 13% to ₹2,274 million.

Beyond operational performance, the company recorded a substantial one-time benefit of ₹1,125 million due to exercising a concessional tax regime option under Section 206 of the Income Tax Act, 2025. Capital structure adjustments included the issuance of ₹1,000 million in Commercial Papers maturing on December 24, 2026, and the acquisition of 100% shareholding in Lakeview Mercantile Company Private Limited for ₹992 million. Administrative milestones such as land allotment regularization at Vashi were also confirmed.

- Consolidated revenue from operations reached ₹5,019.96 million in Q2 FY27, marking an increase from ₹4,185.32 million in the previous quarter.
- Consolidated net profit rose to ₹2,162.55 million for the quarter, supported by a ₹1,125 million tax credit from a new income tax regime option.
- Standalone Core Business Revenue grew 11% YoY to ₹5,110 million, with EBITDA expanding 13% YoY to ₹2,274 million.
- The company issued ₹1,000 million in Commercial Papers due December 24, 2026, and acquired Lakeview Mercantile Company Private Limited for ₹992 million.

- [Chalet Hotels Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHALET_05112026181239_Recording04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHALET_05112026184039_NewspaperFinancialResultsAdvt05112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190321315.xml)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190403783.xml)
- [Chalet Hotels Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CHALET_04112026170437_OutcomeBoardMeeting04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CHALET_04112026181215_AnalystPresentation04112026.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753271_04112026102418_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753270_04112026102340_WEB.xml)
- [Chalet Hotels Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261030_171254202.xml)
- [Chalet Hotels Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHALET_29102026191801_IntimationCallUpdateQ2FY27.pdf)

### Fundamentals

Chalet Hotels demonstrates a robust operational turnaround and improved earnings quality, anchored by a sharp recovery in profitability following a loss in FY2025. For the nine months ended September 2026, sales surged 95% year-on-year to ₹735 crore in the latest quarter, driving operating profit to ₹299 crore and net profit to ₹155 crore, compared to a net loss of ₹139 crore in the prior year’s corresponding period. This growth trajectory is supported by strong cash generation; Cash from Operating Activities rose to ₹1,067 crore in FY2026, while CFO/EBITDA conversion remained healthy at 102%. The balance sheet reflects disciplined deleveraging, with borrowings declining from ₹3,005 crore in March 2024 to ₹2,368 crore in March 2026, despite an expansion in fixed assets to ₹5,693 crore. Efficiency metrics have also improved significantly, with the Cash Conversion Cycle collapsing from 1,545 days in March 2025 to just 86 days in March 2026, driven by a drastic reduction in inventory days from 2,064 to 199. However, recent quarterly trends show sequential pressure: Q2 FY2026-27 revenue decreased slightly to ₹502 crore from ₹512 crore in Q1, while expenses and finance costs rose sequentially. Shareholding patterns indicate increasing institutional confidence, with DIIs raising their stake to 25.46% as of September 2026.

- Profitability Recovery: Net profit rebounded to ₹155 crore in Q2 Sep 2025 (YoY) after a ₹139 crore loss in the prior year, with sales growing 95% YoY to ₹735 crore.
- Cash Flow & Efficiency: CFO reached ₹1,067 crore in FY2026, and the Cash Conversion Cycle improved dramatically to 86 days (from 1,545 days in Mar 2025), signaling better working capital management.
- Deleveraging Trend: Total borrowings declined consistently over three years, falling from ₹3,005 crore (Mar 2024) to ₹2,368 crore (Mar 2026), even as Fixed Assets grew to ₹5,693 crore.
- Near-term Sequential Pressure: Q2 FY2026-27 saw a sequential drop in revenue (₹502 crore vs ₹512 crore) and a rise in expenses (₹387 crore vs ₹379 crore), warranting monitoring for margin stability.

### Bull Case

Chalet Hotels demonstrated a significant improvement in core profitability during Q2 FY27, with net profit rising 39.7% year-on-year to ₹216.2 crore. This growth was driven by an 11% increase in core revenue and a 13% rise in EBITDA, supported by a 7.2% increase in RevPAR due to higher average daily rates and strong domestic demand at resorts. The headline revenue decline of 31.7% reflects the absence of one-off residential project income from the prior year rather than operational weakness. Additionally, the company’s new ATHIVA Pulse brand has received positive initial responses, and management highlighted progress on upcoming hotel completions. While short-term technical indicators remain bearish, the monthly trend remains bullish, suggesting that the constructive operating fundamentals could support value if market sentiment aligns with these improved margins.

- Q2 FY27 net profit increased 39.7% YoY to ₹216.2 crore, driven by core operational strength despite a headline revenue drop caused by prior-year base effects.
- Core operations saw an 11% rise in income and 13% growth in EBITDA, with hospitality RevPAR up 7.2% on higher average daily rates.
- The monthly technical trend remains bullish, contrasting with bearish daily signals, while resistance is noted near ₹825.63.
- New brand launch (ATHIVA Pulse) shows positive initial response, with management citing progress on upcoming hotel completions.

- [Nomura maintains 'Neutral' on Chalet Hotels, Rs 910 target price after steady Q2 performance](https://www.moneycontrol.com/news/business/markets/nomura-maintains-neutral-on-chalet-hotels-rs-910-target-price-after-steady-q2-performance-14071167.html)
- [Chalet Hotels reports total income from core operations of Rs 511 crore, PAT up 40% to Rs 216 crore](https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/chalet-hotels-reports-total-income-from-core-operations-of-rs-511-crore-pat-up-40-to-rs-216-crore/articleshow/135543215.cms)
- [Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- [Chalet Hotels Q2 results: Net profit rises 39.7% to ₹216.2 crore; revenue falls 31.7%](https://www.cnbctv18.com/market/chalet-hotels-q2-results-net-profit-rises-39-7pc-to-rs216-2-crore-revenue-falls-31-7pc-20027212.htm)
- [Chalet Hotels Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHALET_05112026181239_Recording04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHALET_05112026184039_NewspaperFinancialResultsAdvt05112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190321315.xml)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190403783.xml)
- [Chalet Hotels Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CHALET_04112026170437_OutcomeBoardMeeting04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CHALET_04112026181215_AnalystPresentation04112026.pdf)

### Bear Case

Chalet Hotels faces significant near-term headwinds despite strong underlying operational profitability. While Q2 FY27 net profit rose 39.7% to ₹216.2 crore, consolidated revenue fell 31.7% due to the absence of prior-year residential project income, creating a distorted top-line picture that obscures the 10.7% core revenue growth. This base effect highlights the volatility inherent in the company's earnings mix.

Market sentiment remains cautious, with Nomura maintaining a 'Neutral' rating and a target price of ₹910, implying limited upside from current levels. Technically, the stock is under pressure on daily timeframes, trading at ₹818.00 with a bearish SuperTrend direction and negative slopes across its 20-day and 50-day moving averages. The stock has declined 12.0% over the past year and is currently 23.2% below its recent peak, indicating sustained investor hesitation. High annualized volatility of 30.2% further underscores the risk of sharp price swings.

- Revenue distortion: Consolidated revenue fell 31.7% YoY in Q2 FY27, driven by one-off base effects rather than core business contraction; core operations saw only 10.7% growth.
- Technical weakness: Daily trend is bearish with the stock at ₹818.00, showing negative momentum indicators (SMA 20 slope -3.64) and a 23.2% drawdown from highs.
- Valuation ceiling: Analyst target of ₹910 suggests capped upside potential, with a 'Neutral' rating reflecting balanced but unenthusiastic outlooks.
- Elevated volatility: Annualized volatility stands at 30.2%, exposing investors to significant short-term price fluctuations.

- [Nomura maintains 'Neutral' on Chalet Hotels, Rs 910 target price after steady Q2 performance](https://www.moneycontrol.com/news/business/markets/nomura-maintains-neutral-on-chalet-hotels-rs-910-target-price-after-steady-q2-performance-14071167.html)
- [Chalet Hotels reports total income from core operations of Rs 511 crore, PAT up 40% to Rs 216 crore](https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/chalet-hotels-reports-total-income-from-core-operations-of-rs-511-crore-pat-up-40-to-rs-216-crore/articleshow/135543215.cms)
- [Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- [Chalet Hotels Q2 results: Net profit rises 39.7% to ₹216.2 crore; revenue falls 31.7%](https://www.cnbctv18.com/market/chalet-hotels-q2-results-net-profit-rises-39-7pc-to-rs216-2-crore-revenue-falls-31-7pc-20027212.htm)
- [Chalet Hotels Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHALET_05112026181239_Recording04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHALET_05112026184039_NewspaperFinancialResultsAdvt05112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190321315.xml)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190403783.xml)
- [Chalet Hotels Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CHALET_04112026170437_OutcomeBoardMeeting04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CHALET_04112026181215_AnalystPresentation04112026.pdf)

### FAQs

**Why did Chalet Hotels' consolidated revenue fall by 31.7% while net profit rose by 39.7% in Q2 FY27?**

The headline revenue decline was driven by base effects from a residential project recognized in the prior year, which is absent this quarter. Excluding that one-off item, core operations saw an 11% rise in income and a 13% growth in EBITDA. Net profit increased to ₹216.2 crore due to improved operating margins and strong leisure performance, despite the lower top-line figure.

**What are the key operational highlights and future catalysts mentioned for Chalet Hotels?**

Management cited strong domestic demand at resorts, leading to a 7.2% rise in hospitality RevPAR driven by higher average daily rates. The company also highlighted positive initial responses to its new ATHIVA Pulse brand launch and progress on upcoming hotel completions. These factors contributed to the 13.5% EBITDA growth in core operations.

**How has the stock performed technically and what are the current support/resistance levels?**

As of November 6, 2026, the stock closed at ₹818.00 with a market cap of approximately ₹18,029 crore. Daily technical indicators show a bearish trend with the Supertrend direction negative, though the monthly trend remains bullish. Immediate resistance is seen at ₹825.63 (pivot) and ₹838.02 (high), while support lies near ₹810.87 and ₹800.50.

**What is Nomura's current stance on Chalet Hotels following the Q2 results?**

Nomura has maintained a 'Neutral' rating on Chalet Hotels with a target price of Rs 910. This assessment reflects the brokerage's view on the company's steady performance in the second quarter, citing improved profitability metrics despite the reported revenue contraction caused by prior-year comparables.

- [Nomura maintains 'Neutral' on Chalet Hotels, Rs 910 target price after steady Q2 performance](https://www.moneycontrol.com/news/business/markets/nomura-maintains-neutral-on-chalet-hotels-rs-910-target-price-after-steady-q2-performance-14071167.html)
- [Chalet Hotels reports total income from core operations of Rs 511 crore, PAT up 40% to Rs 216 crore](https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/chalet-hotels-reports-total-income-from-core-operations-of-rs-511-crore-pat-up-40-to-rs-216-crore/articleshow/135543215.cms)
- [Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- [Chalet Hotels Q2 results: Net profit rises 39.7% to ₹216.2 crore; revenue falls 31.7%](https://www.cnbctv18.com/market/chalet-hotels-q2-results-net-profit-rises-39-7pc-to-rs216-2-crore-revenue-falls-31-7pc-20027212.htm)
- [Chalet Hotels Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CHALET_05112026181239_Recording04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/CHALET_05112026184039_NewspaperFinancialResultsAdvt05112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190321315.xml)
- [Chalet Hotels Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190403783.xml)
- [Chalet Hotels Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CHALET_04112026170437_OutcomeBoardMeeting04112026.pdf)
- [Chalet Hotels Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/CHALET_04112026181215_AnalystPresentation04112026.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹825.63
- Risk regime: Price Risk Requires Attention

### Support levels
- 800.5
- 783.4812499999999
- 764.1

### Resistance levels
- 856.02568359375
- 861.5875
- 871.0953125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.64% |
| return_10 | +3.62% |
| return_1m | -0.02% |
| return_1y | -11.96% |
| return_20 | -0.91% |
| return_3m | -5.23% |
| return_5 | +1.53% |
| return_6m | +3.79% |
| return_since_start | -19.39% |
| return_ytd | -9.08% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -34.16% |
| annualized_volatility | +30.17% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Chalet Hotels Limited Q2 FY2026-27: Tax credit lifts profit as revenue falls

Chalet Hotels reported Q2 FY2026-27 revenue from operations of ₹502 crore, down 2.0% quarter on quarter and 31.7% year on year. Profit after tax rose to ₹216 crore from ₹86 crore in Q1, driven by a ₹118 crore deferred tax credit, even as pre-tax profit fell 6.4% sequentially to ₹124 crore.

## Revenue and operating costs

Revenue from operations declined to ₹502 crore from ₹512 crore in Q1 FY2026-27 and ₹735 crore in Q2 FY2025-26. It has fallen in each of the past four reported quarters. Total income was ₹511 crore, including ₹9.42 crore of other income, down 1.9% from ₹521 crore in Q1.

Total expenses increased 2.2% quarter on quarter to ₹387 crore. Employee benefit expense was ₹73 crore and depreciation, depletion and amortisation expense was ₹61 crore. Lower revenue alongside higher expenses coincided with reduced pre-tax profit.

## Pre-tax profit, tax and earnings

Profit before tax was ₹124 crore, compared with ₹133 crore in Q1 FY2026-27 and ₹205 crore in Q2 FY2025-26. Profit before exceptional items and tax in Q1 was ₹142 crore. Finance costs rose 5.8% sequentially to ₹41.7 crore.

The quarter recorded a tax credit of ₹92 crore, versus a tax charge of ₹46 crore in Q1, including a deferred tax credit of ₹118 crore. As a result, profit after tax increased to ₹216 crore from ₹86 crore, despite the decline in pre-tax profit. Basic and diluted EPS were ₹9.88 and ₹9.87, respectively; trailing 12-month EPS was ₹26.93.

## Cash flow and liquidity

Operating cash flow was ₹484 crore in the quarter, while investing activities used ₹738 crore. Free cash flow was negative ₹254 crore, and financing activities provided ₹303 crore.

At 30 September 2026, cash and cash equivalents were ₹208 crore, compared with ₹164 crore at 31 March 2026. Other bank balances rose to ₹317 crore from ₹145 crore, while current financial assets increased to ₹672 crore from ₹472 crore. These balances were higher at the quarter-end than at the prior fiscal year-end.

## Asset base and balance sheet

Total assets were ₹8,077 crore at 30 September 2026, up from ₹7,309 crore at 31 March 2026 and ₹6,974 crore at 30 September 2025. Property, plant and equipment stood at ₹3,655 crore, investment property at ₹2,387 crore and capital work in progress at ₹204 crore.

Other equity increased to ₹3,762 crore from ₹3,479 crore at 31 March 2026; equity share capital was ₹219 crore. Net deferred tax assets were ₹27.7 crore, compared with ₹21.8 crore at the prior fiscal year-end.

## Key Takeaway

The sharp rise in reported profit reflected a large deferred tax credit, not stronger pre-tax performance: revenue and pre-tax profit both declined sequentially, while revenue was substantially lower year on year. Operating cash flow remained positive but was outweighed by investment outflows; quarter-end cash and other financial balances were higher than at the end of the previous fiscal year.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +67.29%
- FII holding: +4.26%
- DII holding: +24.99%
- Mutual fund holding: +23.78%
- Retail holding: +1.54%
- Promoter pledged: +0.00%

### Major reported shareholders

- HDFC MUTUAL FUND - HDFC BUSINESS CYCLE FUND — +8.57%
- CASA MARIA PROPERTIES LLP — +7.53% (Other)
- CAPSTAN TRADING LLP — +7.53% (Other)
- RAGHUKOOL ESTATE DEVELOPEMENT LLP — +7.53% (Other)
- TOUCHSTONE PROPERTIES AND HOTELS PVT LTD — +6.62% (Bodies Corporate)
- CAPE TRADING LLP — +6.01% (Other)
- ANBEE CONSTRUCTIONS LLP — +6.01% (Other)
- K RAHEJA PVT LTD — +5.66% (Bodies Corporate)
- NEEL CHANDRU RAHEJA — +4.72%
- SBI SMALL CAP FUND — +4.14%

## Official filings

- 2026-11-05 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_05112026181239_Recording04112026.pdf)
- 2026-11-05 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_05112026184039_NewspaperFinancialResultsAdvt05112026.pdf)
- 2026-11-05 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190321315.xml)
- 2026-11-05 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261105_190403783.xml)
- 2026-11-04 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_04112026170437_OutcomeBoardMeeting04112026.pdf)
- 2026-11-04 — Earnings Presentation: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_04112026181215_AnalystPresentation04112026.pdf)
- 2026-11-04 — Financial Results Filing: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753271_04112026102418_WEB.xml)
- 2026-11-04 — Financial Results Filing: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753270_04112026102340_WEB.xml)
- 2026-10-30 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20261030_171254202.xml)
- 2026-10-29 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_29102026191801_IntimationCallUpdateQ2FY27.pdf)
- 2026-10-27 — Board Meeting Notice: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17190_WebXMLFile_20261027_175656455.xml)
- 2026-10-27 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17190_WebXMLFile_20261027_175656455.xml)
- 2026-10-27 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17190_WebXMLFile_20261027_180451968.xml)
- 2026-10-27 — Board Meeting Notice: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17190_WebXMLFile_20261027_180451968.xml)
- 2026-10-27 — Board Meeting Notice: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_27102026180045_Prior_intimation_04112026.pdf)
- 2026-10-27 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17190_WebXMLFile_20261027_180520706.xml)
- 2026-10-27 — Board Meeting Notice: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_17190_WebXMLFile_20261027_180520706.xml)
- 2026-10-13 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_13102026150127_Regulation74_5_ofSEBIDPRegulations30092026.pdf)
- 2026-10-08 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_08102026184658_Reg31AReclassificationRejection08102026.pdf)
- 2026-09-30 — Credit Rating Update: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_30092026145742_Reg30IntimationofCreditRating.pdf)
- 2026-09-29 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_29092026190653_Regulation30CP29092026.pdf)
- 2026-09-29 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17190_WebXMLFile_20260929_191447510.xml)
- 2026-09-24 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_24092026170902_ClosureofTradingWindowSeptember2026.pdf)
- 2026-09-24 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_17190_WebXMLFile_20260924_173442152.xml)
- 2026-09-23 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_23092026194722_IntimationInvestorConference23092026.pdf)

## News and market events

- 2026-11-05 — MONEYCONTROL: **Nomura maintains 'Neutral' on Chalet Hotels, Rs 910 target price after steady Q2 performance** — Nomura has maintained a 'Neutral' rating on Chalet Hotels with a target price of Rs 910, citing the company's steady performance in the second quarter. The brokerage's assessment reflects its current stance on the hospitality stock following recent operational results. — [Source](https://www.moneycontrol.com/news/business/markets/nomura-maintains-neutral-on-chalet-hotels-rs-910-target-price-after-steady-q2-performance-14071167.html)
- 2026-11-04 — Economic Times: **Chalet Hotels reports total income from core operations of Rs 511 crore, PAT up 40% to Rs 216 crore** — Chalet Hotels reported a 39.7% year-on-year increase in net profit to Rs 216.2 crore for Q2 FY27, driven by improved operating margins despite a headline revenue decline caused by the absence of residential project income from the prior year. Excluding that one-off item, core operations saw an 11% rise in income and a 13% growth in EBITDA, with management citing strong leisure performance and rate increases as key factors. The company also highlighted positive initial responses to its new ATHIVA Pulse brand launch and progress on upcoming hotel completions. — [Source](https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/chalet-hotels-reports-total-income-from-core-operations-of-rs-511-crore-pat-up-40-to-rs-216-crore/articleshow/135543215.cms)
- 2026-11-04 — CNBC-TV18: **Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more** — Multiple companies including Dabur, Nykaa, Torrent Power, Apollo Hospitals, and BSE reported their Q2 results on November 4, with most posting double-digit profit growth. While entities like Apollo Tyres and RITES saw earnings declines or margin contractions, others such as PhysicsWallah and Chalet Hotels demonstrated significant improvements in profitability metrics despite varying revenue trends. — [Source](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- 2026-11-04 — CNBC-TV18: **Chalet Hotels Q2 results: Net profit rises 39.7% to ₹216.2 crore; revenue falls 31.7%** — Chalet Hotels reported a 39.7% year-on-year rise in Q2 FY27 net profit to ₹216.2 crore, despite a 31.7% decline in consolidated revenue driven by base effects from a residential project recognized in the prior year. Excluding that one-off item, core revenue grew 10.7% and EBITDA increased 13.5%, with hospitality RevPAR rising 7.2% due to higher average daily rates and strong domestic demand at resorts. — [Source](https://www.cnbctv18.com/market/chalet-hotels-q2-results-net-profit-rises-39-7pc-to-rs216-2-crore-revenue-falls-31-7pc-20027212.htm)
- 2026-10-01 — MONEYCONTROL: **Price Action: Kotak Bank shares up 3% on MD, CEO appointment; IT stocks gain, autos slip** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/markets/price-action-kotak-bank-shares-up-3-on-md-ceo-appointment-it-stocks-gain-autos-slip-14042239.html)
- 2026-09-28 — Mint: **Hotel companies race for prime land as room demand outpaces supply | Mint** — Strong hotel demand and limited new supply are prompting operators to secure land and development rights in prime markets. — [Source](https://www.livemint.com/industry/hotel-companies-race-for-prime-land-as-room-demand-outpaces-supply-11790415587112.html)
- 2026-09-23 — Mint: **328% returns in 5 years! ICICI Securities sees 27% upside in this hotel stock, do you own? Check target price** — Chalet Hotels shares rose 1.20% on September 23, building on a 4.7% gain over the past week. The hotel chain's revenue is projected to grow significantly by FY29. ICICI Securities sees 27% upside in the hotel stock. Check target price.  — [Source](https://www.livemint.com/market/stock-market-news/328-returns-in-5-years-icici-securities-sees-27-upside-in-this-hotel-stock-do-you-own-check-target-price-11790163826720.html)
- 2026-09-23 — MONEYCONTROL: **Buy Chalet Hotels; target of Rs 1095: ICICI Securities** — ICICI Securities, Chalet Hotels, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-chalet-hotels-target-of-rs-1095-icici-securities-2-14036056.html)
- 2026-09-20 — Economic Times: **Chalet Hotels in advanced talks to buy Six Senses Vana for 600 crore** — Chalet Hotels is on the verge of acquiring Six Senses Vana in Dehradun, a luxurious wellness retreat owned by Veer Singh, son of Analjit Singh. Valued at roughly six hundred crore rupees, this deal highlights Chalet's commitment to expanding its footprint in the high-end hospitality market while concurrently developing other upscale properties throughout India. — [Source](https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/chalet-hotels-in-advanced-talks-to-buy-six-senses-vana-for-600-crore/articleshow/134374818.cms)
- 2026-09-06 — Economic Times: **Global hotel chains step up India presence as luxury demand rises** — Multiple global hotel chains are gearing up to establish their presence in India, while current hospitality brands are rolling out new luxury and lifestyle properties. Dusit made its much-anticipated return to India last year, and Hyatt is actively exploring potential sites. Both Marriott and Hilton are set to introduce fresh hotel brands in the market, alongside IHG Hotels & Resorts and ITC Hotels, who are also launching exciting new offerings. — [Source](https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/global-hotel-chains-step-up-india-presence-as-luxury-demand-rises/articleshow/133811987.cms)
- 2026-09-06 — The Hindu: **Chalet Hotels targets 5,500 keys by FY30, bets on hybrid model** — Chalet Hotels aims for 5,500 keys by FY30, shifting to a hybrid model with third-party and franchise properties. — [Source](https://www.thehindubusinessline.com/companies/chalet-hotels-targets-5500-keys-by-fy30-bets-on-hybrid-model/article71434661.ece)
- 2026-09-06 — MONEYCONTROL: **Chalet Hotels targets 5,500 keys by FY30, bets on hybrid model** — hotels, chalet hotels, athivi, chalet hotels india — [Source](https://www.moneycontrol.com/news/business/companies/chalet-hotels-targets-5-500-keys-by-fy30-bets-on-hybrid-model-14023590.html)
- 2026-09-06 — Economic Times: **Chalet Hotels targets 5,500 keys by FY30, bets on hybrid model** — Chalet Hotels plans to expand its portfolio to around 5,500 hotel keys by FY30, up from 3,389 currently, as it moves beyond its traditional asset-ownership model to include third-party-operated, franchised and own-brand hotels. — [Source](https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/chalet-hotels-targets-5500-keys-by-fy30-bets-on-hybrid-model/articleshow/133828233.cms)
- 2026-09-02 — Mint: **Up to 40% returns? Looking for top stock picks for Sept 2026? Axis Securities shares list of 15 | Upside, target price** — Axis Securities presents a curated list of 15 stocks with potential returns of up to 40%. Discover which sectors and stocks are poised for growth amidst geopolitical tensions and economic shifts. — [Source](https://www.livemint.com/market/stock-market-news/up-to-40-returns-looking-for-top-stock-picks-for-sept-2026-axis-securities-shares-list-of-15-upside-target-price-11788324428926.html)
- 2026-08-26 — BUSINESSTODAY: **AU Bank, Chalet Hotels, Paradeep: Top stocks to trade — Check key levels, target prices & stop loss** — Stocks to buy, Stock picks, Stocks to trade, trading views, AU Small Finance Bank, Paradeep Phosphates, Chalet Hotels, AU Bank shares, Paradeep shares, Chalet Hotels shares, AU Bank share price, Paradeep share price, Chalet Hotels share price, AU stock share price, Paradeep stock price, Chalet Hotels stock price, AU stock target price, Paradeep target price, Chalet Hotels target price — [Source](https://www.businesstoday.in/markets/stocks/story/au-bank-chalet-hotels-paradeep-top-stocks-to-trade-check-key-levels-target-prices-stop-loss-551361-2026-08-26)
- 2026-08-25 — MONEYCONTROL: **Trade Spotlight: How should you trade Balaji Amines, Cochin Shipyard, United Spirits, Siemens, Muthoot Finance, PTC Industries, and others on August 25?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,Narayana Hrudayalaya,Balaji Amines,Axis Bank,Cochin Shipyard,Tata Steel,Bank of India,United Spirits,Siemens,Chalet Hotels,Muthoot Finance,PTC Industries, — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-balaji-amines-cochin-shipyard-united-spirits-siemens-muthoot-finance-ptc-industries-and-others-on-august-25-14014535.html)
- 2026-08-25 — Mint: **Raja Venkatraman recommends three stocks for 25 August** — Market expert Raja Venkatraman shares his top stock picks for 25 August. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-three-stocks-for-25-august-11787587016319.html)
- 2026-08-10 — Mint: **Hotels lean on domestic demand in Q1 as global travel falters | Company Business News** — India’s hotel companies shifted to occupancy-led growth in Q1FY27 as West Asia tensions weighed on foreign arrivals, while acquisitions and new signings accelerate expansion — [Source](https://www.livemint.com/companies/news/hotels-lean-on-domestic-demand-in-q1-as-global-travel-falters-rooms-hospitality-leela-itc-samhi-chalet-11785950324577.html)
- 2026-08-06 — CNBC-TV18: **Chalet Hotels expands Athiva brand to 1,231 keys, eyes ₹550 crore revenue by FY31** — Chalet Hotels MD and CEO Shwetank Singh said that the company plans to fund its ₹3,000 crore capex over three years through internal accruals and its annuity business, ruling out any equity raise. Singh also said there are no current plans to demerge or list the Athiva brand separately. — [Source](https://www.cnbctv18.com/business/companies/chalet-hotels-expands-athiva-brand-1231-keys-eyes-rs-550-crore-revenue-fy31-dukes-retreat-debt-capex-19963199.htm)
- 2026-08-06 — CNBC-TV18: **Q1 Results LIVE Updates: Samvardhana Motherson profit doubles, Anup Engineering tanks 12%** — Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday's trading session on Dalal Street. Result reactions today come from PB Fintech, Aurobindo Pharma, Cummins India, GE Vernova T&D, ION Exchange and many others. Watch this space for all the LIVE Q1 result updates, management and brokerage commentary along with stock moves. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-cummins-ge-vernova-td-pb-fintech-trent-britannia-hero-lupin-samil-pgel-apollo-tyres-sci-ncc-hcc-premier-energies-share-price-liveblog-19962840.htm)
- 2026-08-06 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty Defence index rises over 2%; HAL, Ideaforge top gainers** — Sensex Today | Stock Market LIVE Updates: The markets are once again moving on a cautious note, with the Nifty trading flat around the 24,600 mark. The Nifty Bank is also in the same state, trying to scale the 58,000 mark. Titan, Reliance and Eternal are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-hdfc-bank-aurobindo-cummins-biocon-pb-fintech-lic-trent-share-price-liveblog-19962846.htm)
- 2026-08-05 — MONEYCONTROL: **Mindspace REIT Q1 NOI jumps 28%, declares highest-ever DPU of Rs 6.67 on strong leasing demand** — Mindspace REIT, K Raheja Corp, Mindspace Business Parks, — [Source](https://www.moneycontrol.com/news/business/mindspace-reit-q1-noi-jumps-28-declares-highest-ever-dpu-of-rs-6-67-on-strong-leasing-demand-13995649.html)
- 2026-07-31 — MONEYCONTROL: **Buy Chalet Hotels; target of Rs 1250: Anand Rathi** — Anand Rathi, Chalet Hotels, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-chalet-hotels-target-of-rs-1250-anand-rathi-13990069.html)
- 2026-07-30 — BUSINESSTODAY: **BTTV Exclusive | Chalet Hotels sees stronger FY27 H2; expects stronger second half of FY27** — Chalet Hotels, Chalet Hotels Q1 Results, Chalet Hotels FY27 Outlook, Chalet Hotels Commercial Real Estate, Chalet Hotels Revenue, Chalet Hotels RevPAR, Chalet Hotels Office Portfolio, Chalet Hotels Earnings, Chalet Hotels Hospitality Business, Chalet Hotels Stock, Shwetank Singh Chalet Hotels, Chalet Hotels Commercial Revenue — [Source](https://www.businesstoday.in/markets/story/bttv-exclusive-chalet-hotels-sees-stronger-fy27-h2-expects-stronger-second-half-of-fy27-546220-2026-07-30)
- 2026-07-30 — MONEYCONTROL: **Chalet Hotels Q1 earnings in line; Nomura maintains Neutral, target price at Rs 890** — Chalet Hotels, Chalet Hotels stocks, Chalet Hotels shares, Chalet Hotels Q1, Nomura — [Source](https://www.moneycontrol.com/news/business/stocks/chalet-hotels-q1-earnings-in-line-nomura-maintains-neutral-target-price-at-rs-890-13988433.html)

## Business profile

**Strategic vision:** Owns, develops, manages, and operates high-end hotels and mixed-use properties.

### Business segments
- **Hospitality:** Operates a portfolio of 11 fully operational hotels across mainstream and luxury segments, encompassing 3,389 keys.
- **Commercial Real Estate:** Manages approximately 2.4 million sq.ft. of co-located commercial spaces alongside its hotel assets.
- **Residential Development:** Currently developing one residential project in Bengaluru.

### Competitive strengths
- Operates as an owner, developer, asset manager, and operator of high-end hotels.
- Manages a portfolio of operational hotels and co-located commercial spaces.
- Capitalizes on early-mover advantages in developing mixed-use properties.
- Benefits from the specialized knowledge in infrastructure development, land acquisitions, and economies of scale from the K Raheja Corp group.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/chalet
Markdown representation: https://faxioms.com/stocks/chalet?render=md