Chalet Hotels Limited is an India-based owner, developer, asset manager, and operator of luxury hotels, including a serviced residence, located in Mumbai metropolitan region, Hyderabad, Bengaluru, and Pune. The Company's segments include Hospitality (Hotels), Real Estate and Rental / Annuity Business. Chalet Hotels is engaged in the business of hospitality (hotels), commercial and retail operations, and real estate development.
The Company's portfolio comprises approximately seven fully operational hotels across mainstream and luxury segments, and commercial and retail spaces close to its hospitality assets. Its portfolio includes JW Marriott Mumbai Sahar, Renaissance Mumbai Convention Centre Hotel, Lakeside Chalet Marriott Executive Apartments, Four Points by Sheraton Navi Mumbai, The Westin Hyderabad Mindspace, Bengaluru Marriott Hotel Whitefield, and Novotel Pune Nagar Road.
As of May 22, 2025, Chalet Hotels commands a market capitalization of ₹19,386.79 Crore. On a financial year basis, the company's consolidated net profit declined 48.75% to ₹142.56 Crore despite of a 21.21% jump in revenue from operations to ₹1,717.82 Crore in FY25 over FY24.
The company demonstrated strong quarterly performance with significant growth metrics. Chalet Hotels announced a 50.2% increase in Q4 FY25 net profit to ₹123.8 Crore, alongside a 21.3% revenue rise. Profit before tax (PBT) stood at ₹158.82 Crore in Q4 FY25, up 60.39%. EBITDA jumped 36% to ₹256.9 Crore during the quarter as compared with ₹189 Crore posted in the corresponding quarter last year. EBITDA margin improved to 47.8% in Q4 FY25 as against 44.5% in Q4 FY24.
- Revenue: ₹521.97 Crore (March 2025)
- Net Profit: ₹123.84 Crore (March 2025)
- EBITDA Margin: 47.8%
- Profit Before Tax: ₹158.82 Crore (up 60.39%)
Revenue Bifurcation Q1 FY25 shows Hospitality: 87%, Rental: 8%, Corporate: 4%. Hospitality Segment Revenue Mix Q1 FY25 comprises Rooms: 59%, Food & Beverages: 33%, Others: 7%. City-wise Revenue Bifurcation Q1 FY25 indicates MMR: 64%, Hyderabad: 18%, Bengaluru: 12%, Pune/Lonavala: 5%.
The hospitality segment remains the primary revenue driver, with room revenue contributing the majority of hospitality income. The Mumbai Metropolitan Region (MMR) continues to be the strongest revenue contributor, reflecting the company's strategic positioning in key metropolitan markets.
Average daily rate (ADR) increased 21% to ₹14,345 in Q4 FY25 from 11,862 in Q4 FY24. Occupancy rate increased by 30 bps to 76% during the quarter as compared with 75.7% in the same quarter last year. Revenue per available room (RevPar) stood at ₹10,909 in Q4 FY25, up 21% as compared with ₹8,984 Crore in Q4 FY24.
In Q4 FY25, revenue from rental / annuity business stood at ₹61.9 Crore, up by 75% over Q4 FY24. The rental and annuity segment has shown remarkable growth, providing a stable revenue stream alongside the core hospitality business.
The company is expanding, acquiring Lakeview Mercantile for ₹140 Crore and The Westin Resort & Spa for ₹530 Crore. The Board of Chalet Hotels at its meeting held on February 10, 2025, has, inter-alia, considered and approved the acquisition of Mahananda Spa and Resorts, a Wholly Owned Subsidiary of Mankind Pharma, and owning company of The Westin Resort & Spa, Himalayas, a 141 room hotel at Rishikesh.
Chalet plans to invest ₹2,300 Crore in expansion over three years, with 640 rooms under construction. The company said that renovation and expansion of The Dukes Retreat, Khandala, set for completion in H1 FY26. 'Taj' at the T3 Terminal Delhi International Airport (385-390 rooms) and CIGNUS POWAI Tower II in Mumbai are scheduled for completion in FY27.
In the main management, Hetal Gandhi is chairman and Christabelle Baptista is the company secretary for Chalet Hotels Ltd. Chalet Hotels Limited was honored as one of the top 5 hotel developers in India by the prestigious Hospitality Horizon Awards 2024. Chalet Hotels Limited has received the Great Place To Work ®, India certification for the sixth consecutive year.
The 52-week high of Chalet Hotels Ltd (CHALET) is ₹1,050.10 and the 52-week low is ₹634.05. Promoter holding in Chalet Hotels Ltd has gone down to 67.41% as of March 2025 from 67.52% as of June 2024.
It is the first hospitality company worldwide to join all three Climate Group initiatives—EP100, EV100, and RE100. This demonstrates the company's commitment to sustainability and environmental responsibility, positioning it as a leader in sustainable hospitality practices.
The company's strategic focus on premium hospitality assets, combined with its expansion into leisure destinations like Goa and Rishikesh, reflects a well-rounded approach to capturing diverse market segments while maintaining operational excellence and strong financial performance.
