# CHALET (CHALET) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹865.65
- Change: +2.77%
- As of: 2026-09-18
- 1D return: +2.77%
- 5D return: -1.13%
- 1M return: +1.49%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, Chalet is trading at ₹865.65, with a technical stance that shows mixed signals across timeframes. The daily timeframe indicates a potential consolidation, with the price below the 20-day and 50-day Simple Moving Averages (SMAs) and Exponential Moving Averages (EMAs), despite the Supertrend indicator being bullish. However, the weekly and monthly timeframes present a more constructive picture, with the price trading above key EMAs and SMAs, and the Supertrend indicator also showing a bullish signal on both longer periods. This suggests that while short-term price action may be facing headwinds, the broader trend on weekly and monthly charts remains positive.

Recent market activity includes a high-severity downward price anomaly on September 15, 2026 (-4% return), and a high-severity downward gap on September 11, 2026. The stock is currently positioned near the middle of its recent trading range, with an active "Outside Bar" pattern on the daily chart and a "Harami" pattern on the monthly chart as of September 18, 2026. The annualized volatility stands at 30%, with a current drawdown of -19%.

Key support levels to monitor are near ₹861.83 and ₹852.07, while immediate resistance is observed around ₹867.87. A break above the ₹867.87 resistance could signal renewed upward momentum, while a sustained move below the ₹852.07 support may indicate further weakness.

- The stock closed at ₹865.65 on September 18, 2026.
- Daily timeframe shows price below key moving averages (EMA 20, SMA 20), while weekly and monthly timeframes show price above these averages.
- Nearest support levels are observed around ₹861.83 and ₹852.07.
- Nearest resistance level is observed around ₹867.87.
- Watch for a sustained move above ₹867.87 for potential upward continuation, or a break below ₹852.07 as a sign of weakness.

- Harami
- Outside Bar
- Doji

### News Context

Chalet Hotels Limited announced on September 8, 2026, the completion of its acquisition of 100% equity in Lakeview Mercantile Company Private Limited. This acquisition pertains to a land parcel in Bambolim, Goa, identified for a potential luxury resort development of approximately 170 rooms. The gross deal value for this transaction was ₹136.9 crore, which included debt repayment. Following this, Lakeview Mercantile Company Private Limited became a wholly-owned subsidiary of Chalet Hotels.

In related news, the company also informed exchanges on September 17, 2026, about its participation in the Annual Investor Conference – G200 Summit scheduled for September 22, 2026. This event, a group interaction in Mumbai, is intended to provide business updates to investors and analysts.

- Chalet Hotels completed the acquisition of Lakeview Mercantile Company Private Limited on September 7, 2026, for ₹136.9 crore, including debt, to develop a ~170-room luxury resort in Goa.
- Lakeview Mercantile Company Private Limited is now a wholly-owned subsidiary of Chalet Hotels.
- The company will participate in the Annual Investor Conference – G200 Summit on September 22, 2026, to provide business updates.
- An institutional investor meeting is scheduled for September 22, 2026, in Mumbai, hosted by Anand Rathi Share & Stockbrokers Ltd.

- Chalet Hotels Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Chalet Hotels Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Chalet Hotels Limited has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Acquisition (including agreement to acquire)-XBRL
- Chalet Hotels Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- CHALET|Chalet Hotels Limited|Original|Regulation 7 (2)|IT_17190_WebXMLFile_20260903_190537275.xml|IT_17190_20260903_190537305_WEB.html|5283|22394|-

### What Changed

Chalet Hotels (CHALET) on the NSE has seen its stock price increase to ₹865.65 as of September 18, 2026, up from ₹842.30 previously. The provided evidence does not detail any new filings or news events that have occurred recently. Therefore, the primary recent development is the observed price movement.

- As of September 18, 2026, Chalet Hotels' stock price on the NSE was ₹865.65.
- The previous stock price recorded was ₹842.30.
- There have been no new filings or news events reported for Chalet Hotels in the recent period covered by the evidence.

### Official Filings

Chalet Hotels Limited has made two significant disclosures regarding its expansion and investor engagement. On September 7, 2026, the company completed the acquisition of 100% equity in Lakeview Mercantile Company Private Limited. This acquisition includes a land parcel in Bambolim, Goa, identified for a potential ~170-room luxury resort. The gross deal value for this acquisition was ₹136.9 crore, which included debt repayment. Additionally, the company has scheduled investor meetings in September 2026. Chalet Hotels will participate in the Annual Investor Conference – G200 Summit on September 22, 2026, and also held a meeting on September 2, 2026, as part of the Ashwamedh – Elara India Dialogue 2026. These meetings are for business updates with analysts and institutional investors.

- Acquisition of Lakeview Mercantile Company Private Limited completed on September 7, 2026, making it a wholly-owned subsidiary.
- The acquisition includes a land parcel in Bambolim, Goa, intended for a ~170-room luxury resort.
- Gross deal value for the acquisition was ₹136.9 crore, including debt repayment.
- Scheduled to participate in the Annual Investor Conference – G200 Summit on September 22, 2026.
- Participated in the Ashwamedh – Elara India Dialogue 2026 investor conference on September 2, 2026.

- Chalet Hotels Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Chalet Hotels Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Chalet Hotels Limited has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Acquisition (including agreement to acquire)-XBRL
- Chalet Hotels Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- CHALET|Chalet Hotels Limited|Original|Regulation 7 (2)|IT_17190_WebXMLFile_20260903_190537275.xml|IT_17190_20260903_190537305_WEB.html|5283|22394|-
- Chalet Hotels Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Chalet Hotels Limited has informed the Exchange regarding 'Communication to shareholders for weblink of the Annual Report as per Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'. |SUBJECT: Updates
- Chalet Hotels Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Chalet Hotels Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Chalet Hotels Limited has informed the Exchange regarding Outcome of Board Meeting held on 14-May-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL

### Fundamentals

Chalet Hotels reported mixed results across its recent quarters. Revenue from operations showed a sequential decline from ₹581.68 crore in Q3 FY2025-26 to ₹512.27 crore in Q1 FY2026-27. However, operating profit margins (OPM) have shown an upward trend, increasing from 41.0% in FY2024 to a projected 43.0% in FY2026. Net profit has been volatile, with a significant reported loss of ₹139.0 crore in FY2021, followed by a recovery to ₹278.0 crore in FY2024 and a projected ₹142.0 crore in FY2025, before a substantial increase to ₹645.0 crore in FY2026. The company's debt levels have increased from ₹1546 crore in March 2019 to ₹3005 crore in March 2024, with a projected decrease to ₹2604 crore by March 2025. Free cash flow has also fluctuated, turning negative at -₹14.0 crore in FY2025 before a projected positive ₹729.0 crore in FY2026. Key monitoring areas include the company's ability to manage its debt and sustain positive free cash flow generation.

- Revenue from operations declined sequentially from ₹581.68 crore (Q3 FY2025-26) to ₹512.27 crore (Q1 FY2026-27).
- Operating Profit Margin (OPM) increased from 41.0% in FY2024 to a projected 43.0% in FY2026.
- Net Profit has shown volatility, with a reported ₹278.0 crore in FY2024 and a projected ₹645.0 crore in FY2026.
- Borrowings increased from ₹1546 crore in March 2019 to ₹3005 crore in March 2024, with a projection to decrease to ₹2604 crore by March 2025.
- Free Cash Flow was negative at -₹14.0 crore in FY2025, with a projected positive ₹729.0 crore in FY2026.

### Bull Case

Chalet Hotels (NSE) has demonstrated sustained profit growth over the medium term, with a 5-year compounded profit growth of 46%. The company's balance sheet shows an increase in total assets from ₹3,531 crore in March 2019 to ₹4,035 crore in March 2020, driven by growth in fixed assets and other assets. Additionally, reserves have grown from ₹1,218 crore to ₹1,350 crore over the same period, indicating an increase in retained earnings. Technically, the stock exhibits a bullish trend across daily, weekly, and monthly timeframes, supported by its position above key moving averages and the Supertrend indicator.

- Compounded profit growth over 5 years stands at 46%.
- Total assets increased to ₹4,035 crore in March 2020 from ₹3,531 crore in March 2019.
- Reserves grew to ₹1,350 crore in March 2020 from ₹1,218 crore in March 2019.
- Technical indicators show a bullish trend on daily, weekly, and monthly charts.

### Bear Case

Chalet Hotels' balance sheet shows an increase in borrowings from ₹1,546 crore in March 2019 to ₹1,902 crore in March 2020. Concurrently, cash flow from operating activities decreased to ₹252 crore in March 2020 from ₹366 crore in March 2019, and free cash flow also declined to ₹163 crore from ₹330 crore over the same period. The company's investments remained static at ₹5 crore for both periods, while its fixed assets grew from ₹2,753 crore to ₹3,019 crore, and other assets increased from ₹738 crore to ₹924 crore. This suggests a growing reliance on debt financing alongside increased capital expenditure, while operating cash generation has weakened.

- Borrowings increased by ₹356 crore from ₹1,546 crore in March 2019 to ₹1,902 crore in March 2020.
- Cash flow from operating activities decreased by ₹114 crore, from ₹366 crore in March 2019 to ₹252 crore in March 2020.
- Free Cash Flow declined by ₹167 crore, from ₹330 crore in March 2019 to ₹163 crore in March 2020.
- Fixed Assets increased by ₹266 crore from ₹2,753 crore in March 2019 to ₹3,019 crore in March 2020.

### FAQs

**What recent significant corporate actions has Chalet Hotels undertaken?**

On September 7, 2026, Chalet Hotels Limited completed the acquisition of 100% equity of Lakeview Mercantile Company Private Limited. This acquisition includes a land parcel in Bambolim, Goa, intended for a potential luxury resort of approximately 170 rooms. The gross deal value for this acquisition was ₹136.9 crore, which included debt repayment.

**How has Chalet Hotels' financial performance changed between March 2019 and March 2020?**

Between March 2019 and March 2020, Chalet Hotels saw an increase in Total Assets from ₹3,531 crore to ₹4,035 crore. Borrowings also increased from ₹1,546 crore to ₹1,902 crore, while Equity Capital remained constant at ₹205 crore. Cash Flow from Operating Activities decreased from ₹366 crore in March 2019 to ₹252 crore in March 2020. Free Cash Flow also declined from ₹330 crore to ₹163 crore over the same period.

**What is the recent trend and technical outlook for Chalet Hotels' stock?**

As of September 18, 2026, Chalet Hotels' stock is showing a bullish trend on both daily and weekly timeframes, according to the Supertrend indicator. The daily EMA 20 slope is negative, indicating a short-term downward momentum, while the weekly EMA 20 slope is positive. The stock's price of ₹865.65 is above its SMA 200 (₹824.41) and SMA 50 (₹856.7). Nearest support levels are observed around ₹861.83 and ₹852.07, with resistance levels noted near ₹867.87 and ₹871.1.

**What are Chalet Hotels' recent growth rates in sales and profit?**

Chalet Hotels has demonstrated strong growth in profit over different periods. Compounded Profit Growth over 5 years stands at 46%, and the Trailing Twelve Months (TTM) Compounded Profit Growth is 88%. In contrast, Compounded Sales Growth over 5 years was 58%, but the TTM Compounded Sales Growth was 6%.

- Chalet Hotels Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Chalet Hotels Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Chalet Hotels Limited has informed the Exchange regarding Update-Acquisition/Scheme/Sale/Disposal-XBRL |SUBJECT: Update-Acquisition (including agreement to acquire)-XBRL
- Chalet Hotels Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- CHALET|Chalet Hotels Limited|Original|Regulation 7 (2)|IT_17190_WebXMLFile_20260903_190537275.xml|IT_17190_20260903_190537305_WEB.html|5283|22394|-
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹846.03
- Risk regime: Price Risk Requires Attention

### Support levels
- 836.25
- 800.5
- 783.4812499999999

### Resistance levels
- 871.0953125
- 914.95869140625
- 946.4125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +2.77% |
| return_10 | -2.82% |
| return_1m | +3.74% |
| return_1y | -18.01% |
| return_20 | +1.49% |
| return_3m | +11.46% |
| return_5 | -1.13% |
| return_6m | +15.30% |
| return_since_start | -14.69% |
| return_ytd | -3.78% |

### 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 | +30.37% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Sharp Revenue Decline Outpaces Expense Reduction; Operating Margins Narrow

Chalet Hotels Ltd. reported a substantial year-on-year contraction in its top and bottom lines for the quarter ended 30 June 2026. Consolidated revenue from operations fell by 42.73% to ₹512.27 crore, while net profit declined 57.6% to ₹86.13 crore. Total expenses decreased at a slightly slower pace than revenue, causing operating margins to narrow. An exceptional charge of ₹9.85 crore further reduced profit before tax, and finance costs continued to moderate.

## Revenue Performance

Revenue from operations for the quarter stood at ₹512.27 crore, down from ₹894.55 crore in the corresponding quarter of the previous year, a decline of 42.73%. On a sequential basis, revenue also fell 8.23% from ₹558.22 crore in the preceding quarter. 

Segment revenue from operations was ₹521.31 crore, exceeding consolidated revenue by ₹9.04 crore, reflecting inter-segment eliminations. Segment profit before tax matched the consolidated figure of ₹132.53 crore, indicating that the eliminations affected only the revenue line.

## Expense Trends and Operating Margin

Total expenses decreased by 40.77% year-on-year to ₹378.93 crore, compared to ₹639.73 crore in the prior-year quarter. Because expenses fell at a slightly slower rate than revenue, the operating margin (calculated as revenue minus total expenses divided by revenue) narrowed from 28.5% to 26.0%. 

Employee benefit expense was recorded at ₹73.98 crore, and depreciation and amortisation expense stood at ₹61.22 crore. Finance costs, which include interest and borrowing charges, declined 18.72% year-over-year to ₹39.46 crore, and also eased 2.8% sequentially from ₹40.60 crore.

## Profitability and Tax

Profit before exceptional items and tax dropped 46.99% year-on-year to ₹142.38 crore. After accounting for an exceptional charge of ₹9.85 crore—absent in the prior-year quarter—profit before tax settled at ₹132.53 crore, marking a 50.66% decrease from the previous year. On a sequential basis, profit before tax fell 25.5% from ₹177.86 crore in the March 2026 quarter. 

Tax expense was ₹46.41 crore, resulting in an effective tax rate of 35.0% on pre-tax profit, up from 24.4% a year earlier. The sequential increase in tax expense from ₹14.86 crore reflected a higher effective rate compared to the preceding quarter’s 8.4%. Net profit for the period closed at ₹86.13 crore, down 57.6% from ₹203.13 crore last year and 47.2% from ₹163.00 crore in the prior quarter. Earnings per share followed this trajectory, declining 57.7% to ₹3.93.

## Management Commentary

Chalet Hotels announced two new ATHIVA-branded hotels in Hyderabad (150 keys, FY29 launch) and Pune (231 keys, FY31 launch) via capital-efficient long-term leases with Mindspace REIT, deferring fit-out capex to later in the development cycle. Management said this expands the pipeline to ~2,036 keys, bringing the total portfolio close to 5,500 keys, and accelerates ATHIVA's journey as a Pan-India premium lifestyle brand. The company reported Q1 FY27 RevPAR growth of 6.5% YoY driven by 8.5% ADR growth, with leisure assets delivering 19% RevPAR growth. EBITDA margin improved 231 bps to 46.7% despite geopolitical headwinds impacting foreign tourist arrivals. Management outlined a planned capex of approximately INR30 billion over FY27-29, expected to be largely funded through internal accruals, while maintaining balance sheet discipline with net debt of INR20,405 million and liquidity of ~INR4 billion. The Powai complex transformation, including 0.9 msf of operational office space and another 0.9 msf under development, is expected to drive revenue potential of INR9-10 billion, with construction disruptions expected to ease by end of Q2 FY27.

## Key Takeaway

Chalet Hotels’ first quarter of FY2026-27 was defined by a sharp year-on-year decline in revenue and net profit, with earnings per share dropping to ₹3.93. While total expenses moderated, they decreased more slowly than revenue, compressing operating margins from 28.5% to 26.0%. Finance costs continued to ease, but an exceptional charge and a higher effective tax rate added pressure to the bottom line. The quarter highlights a period of lower business volume and tighter margins, with profitability closely tracking the contraction in top-line sales.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_17092026155004_Regulation30InvestorConferenceIntimation17092026.pdf)
- 2026-09-17 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20260917_155418395.xml)
- 2026-09-08 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_17190_WebXMLFile_20260908_202858361.xml)
- 2026-09-07 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_07092026211752_UpdateLakeviewGoa07092026.pdf)
- 2026-09-03 — Official Filing: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/IT_17190_WebXMLFile_20260903_190537275.xml)
- 2026-08-31 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_31082026172157_IntimationAGMNewspaperAdvertisementPost.pdf)
- 2026-08-31 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_31082026175443_IntimationCommunicationToShareholders.pdf)
- 2026-08-27 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17190_WebXMLFile_20260827_192302441.xml)
- 2026-08-26 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_26082026201446_Regulation30InvestorConferenceIntimation26082026.pdf)
- 2026-08-26 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_17190_WebXMLFile_20260826_204054796.xml)
- 2026-08-25 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_25082026110800_ATHIVAPulseBrandChange25082026.pdf)
- 2026-08-24 — Generic Announcement: Chalet Hotels Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_24082026202453_IntimationRecordDateFinalDividend24082026.pdf)
- 2026-08-05 — Generic Announcement: Chalet Hotels Limited has entered into two binding Memorandums of Understanding with SPVs of Mindspace Business Parks REIT for long-term leases of premises in Pune and Hyderabad. The Pune location will have 231 rooms of 'Upper Upscale' type, requiring Rs. 10.8 Million per key for fit-out, with capacity to be added by FY2030-31. The Hyderabad location will have 150 rooms of 'Upper Upscale ATHIVA®' type, requiring Rs. 13.5 Million per key for fit-out, with capacity to be added by FY2028-29. Financing will be a combination of internal accruals and debt, aligning with the company's expansion strategy. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_05082026202151_Regulation30YerawadaHyderabad05082026.pdf)
- 2026-08-05 — Press Release: Chalet Hotels Limited announced the addition of two new hotel developments to its pipeline, operating under its ATHIVA® brand, adding 150 keys in Hyderabad and 231 keys in Pune. These properties will be leased from SPVs of Mindspace Business Parks REIT, with Chalet incurring capital expenditure for interior fit-outs. The Hyderabad hotel is a repurposing of an existing building, while Mindspace REIT will develop the structure for the Pune hotel. The Hyderabad property is slated for a FY2029 launch with a fit-out cost of ₹13.5 million per key, and the Pune property for a FY2031 launch with a fit-out cost of ₹10.8 million per key. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_05082026211318_PressRelease05082026.pdf)
- 2026-08-05 — Generic Announcement: Chalet Hotels Limited filed a transcript of their earnings call for the quarter ended June 30, 2026, held on July 30, 2026. The company reported a 10% year-on-year revenue growth to INR 5,140 million and a 15% year-on-year EBITDA increase to INR 2,400 million, with EBITDA margins improving by 231 basis points to 46.7%, excluding residential business. The hospitality segment saw a 9% revenue growth and an 11% EBITDA growth, while the commercial real estate segment revenue increased by 18% year-on-year. Chalet Hotels Limited also announced a planned capital expenditure of approximately INR 30 billion over FY27 to FY29. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_05082026173711_Transcript29072026.pdf)
- 2026-07-30 — Generic Announcement: Chalet Hotels Limited published its unaudited financial results for the quarter ended June 30, 2026, on July 30, 2026. The company reported total income from operations of Rs. 5,213.14 million and a net profit after tax of Rs. 861.25 million for the quarter. These results were reviewed by the Audit Committee and approved by the Board of Directors on July 29, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_30072026185445_NEwspaperAdvertisement300702026.pdf)
- 2026-07-30 — Generic Announcement: Chalet Hotels Limited has provided a link to the audio recording of its earnings call held on July 30, 2026. The call discussed the unaudited financial results for the quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_30072026184738_Recording29072026.pdf)
- 2026-07-29 — Earnings Presentation: Chalet Hotels Limited will hold an investor and analyst presentation on July 30, 2026, to discuss its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated revenue of ₹9,083 million and an EBITDA margin of 40.9% for the quarter. The hospitality segment saw a 10.9% YoY revenue growth, while commercial real estate revenue increased by 18.2% YoY. The company also noted a voluntary separation scheme compensation of ₹98.49 million and the acquisition of Seasons Hotels Private Limited for ₹1,710 million on May 5, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_29072026201516_AnalystPresentation29072026.pdf)
- 2026-07-29 — Generic Announcement: Chalet Hotels Limited's Board of Directors met on July 29, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as the Statutory Auditors for a five-year term starting from FY 2026-27, subject to shareholder approval. The company reported total income of ₹5,710.55 million and a profit after tax of ₹867.34 million for the standalone quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_29072026192441_OutcomeBoardMeeting29072026.pdf)
- 2026-07-29 — Generic Announcement: Chalet Hotels Limited's Board of Directors met on July 29, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as the Statutory Auditors for a five-year term starting from FY 2026-27, subject to shareholder approval. The company reported total income of ₹5,710.55 million and a profit after tax of ₹867.34 million for the standalone quarter ended June 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_29072026193720_OutcomeBoardMeeting29072026.pdf)
- 2026-07-29 — Official Filing: Chalet Hotels Limited's Board of Directors approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as the new Statutory Auditor for a five-year term, effective April 1, 2027. This change follows the completion of the current auditor's, B S R & Co. LLP, two five-year terms at the conclusion of the AGM for FY 2026-27. The appointment is subject to shareholder approval.
- 2026-07-29 — Press Release: Chalet Hotels Limited reported its unaudited financial results for the first quarter ended June 30, 2026. Total income (excluding residential) was INR 5,140 million, a 10% increase year-over-year, with EBITDA (excluding residential) at INR 2,400 million, up 15%. Consolidated Profit After Tax (PAT) was INR 861 million. The company also noted a voluntary separation scheme cost of INR 98.49 million and an asset acquisition of Seasons Hotels Private Limited for INR 1,710 million. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_29072026200329_PressRelease29072026.pdf)
- 2026-07-24 — Generic Announcement: Chalet Hotels Limited will host an analyst and investor conference call on July 30, 2026, at 11:00 AM IST to discuss the unaudited financial results for the quarter ended June 30, 2026. The management team, including the Managing Director and CEO, and the Chief Financial Officer, will be present. The details of the call will also be available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_24072026185235_IntimationCallUpdateQ1FY27.pdf)
- 2026-07-21 — Official Filing: Chalet Hotels Limited reported the appointment of Manoj Agarwal as Chief Growth and Product Officer, effective July 20, 2026. Mr. Agarwal brings 23 years of experience in hospitality, real estate, and infrastructure, with expertise in business development, asset management, and corporate finance. Previously, he was Chief Operating Officer – Hospitality at Brigade Hotel Ventures Ltd.
- 2026-07-20 — Management Change: Chalet Hotels Limited appointed Mr. Manoj Agarwal as Chief Growth and Product Officer and a member of Senior Management, effective July 20, 2026. Mr. Agarwal brings 23 years of experience in hospitality, real estate, and infrastructure, with prior roles including Chief Operating Officer – Hospitality at Brigade Hotel Ventures Ltd. — [Official attachment](https://nsearchives.nseindia.com/corporate/CHALET_20072026154137_Regulation30AppointmentManojAgarwal20072026.pdf)

## News and market events

- 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)
- 2026-07-29 — CNBC-TV18: **Q1 Results LIVE Updates: L&T shares rise 3%; Four Nifty names, Dabur, Bajaj Housing report** — Q1 Results LIVE Updates: Four Nifty 50 stocks are reporting their earnings today namely Asian Paints, Adani Enterprises, Adani Ports and Eicher Motors. Dabur, Waaree Energies, ACME Solar, Bajaj Housing Finance, CarTrade Tech, Chalet Hotels, Colgate-Palmolive, J&K Bank, Hexaware Technologies, KPIT Tech, Garden Reach Shipbuilders, Force Motors, Dhanlaxmi Bank, Devyani International, MOIL, Piramal Pharma, Prestige Estates, Redington, Star Health Insurance, Syngene, Teamlease, Triveni Engineering, Zensar Tech are among the other earnings from the broader markets. L&T, Netweb Tech, among others will also be reacting to their results. Watch this space for all the LIVE Q1 results updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-asian-paints-adani-ports-ent-hul-eicher-bajaj-hsg-dabur-mtar-kpit-tech-cartrade-colgate-share-price-liveblog-19956225.htm)
- 2026-07-16 — Economic Times: **Stock Radar: Chalet Hotels stock breaks out from Ascending Triangle pattern; time to buy?** — Chalet Hotels stock has broken out from an ascending triangle pattern. Experts suggest short-term traders can buy the stock for higher targets. The stock previously hit a high of Rs 1,080 but then declined significantly. It has since formed a strong base and rallied over 16% in three months. Sustaining above Rs 845 could lead to further price appreciation. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stock-radar-chalet-hotels-stock-breaks-out-from-ascending-triangle-pattern-time-to-buy/articleshow/132413075.cms)

## 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: 2026-09-18
- Source: Faxioms public stock analysis API

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