Chalet Hotels posts 14% EBITDA growth in Q1 FY27 as RevPAR rises 6%

Chalet Hotels reported Q1 FY27 total income of Rs 514 crore, up 10% year-on-year, with EBITDA rising 14% to Rs 240 crore. RevPAR reached Rs 8,582, while the Taj Delhi International Airport and CIGNUS II Powai projects are nearing completion.

— Source publishedThu, 30 Jul, 2026, 10:00 IST·First seen Thu, 30 Jul, 2026, 10:17 IST·Source ET Hospitality

What happened

Chalet Hotels reported Q1 FY27 income of Rs 514 crore and EBITDA of Rs 240 crore, aided by domestic leisure demand. RevPAR rose 6% to Rs 8,582, while Taj Delhi

Key facts

  • Q1 FY27 total income: Rs 514 crore, up 10% YoY
  • EBITDA: Rs 240 crore, up 14% YoY
  • EBITDA margin: 46.7%, up 231 bps YoY
  • Consolidated PAT: Rs 86.1 crore
  • RevPAR: Rs 8,582, up 6% YoY
  • Hospitality revenue: Rs 418.5 crore, up 9% YoY
  • Hospitality EBITDA: Rs 178.4 crore, up 11% YoY
  • Ex-residential revenue growth: 10% YoY
  • Ex-residential EBITDA growth: 15% YoY

Why this matters

The nearing completion of Taj Delhi International Airport and CIGNUS II Powai creates potential for revenue expansion, making execution timelines and ramp-up performance key strategic watchpoints.

What to watch

  • Quarterly RevPAR split between occupancy growth and average room-rate growth.
  • Opening date, room inventory and ramp-up commentary for Taj Delhi International Airport and CIGNUS II Powai.
  • EBITDA margin sustainability after pre-opening expenses and new-property consolidation.
  • Corporate travel, MICE bookings, international arrivals and airport passenger growth trends.
  • Competitive luxury and upper-upscale hotel supply additions in Mumbai, Powai and Delhi airport catchments.
  • Net debt, interest cost, capex commitments and operating cash-flow conversion.
  • Prioritize on-time opening and rapid stabilization of Taj Delhi International Airport, targeting airport transit, airline crew, corporate and MICE demand.
  • Use the stronger EBITDA base to fund selective expansion while containing leverage and construction-cost overruns.
  • Increase direct bookings, premium F&B, events and banqueting mix to defend margins if room-rate growth moderates.
  • Package Powai and airport properties with existing Mumbai-area assets to capture corporate account and loyalty-program demand.
  • Communicate opening timelines, capex, debt trajectory and expected EBITDA contribution from new projects to support investor confidence.