Chalet Hotels Q3 FY26 Delivers Record ₹124 Cr PAT on Robust Hospitality Surge

Chalet Hotels Ltd, K Raheja Corp's hospitality arm with brands like The Taj Mahal Palace and JW Marriott Mumbai, posted blockbuster Q3 FY26 results on Feb 2, 2026. Consolidated PAT hit ₹124 Cr (+29% YoY), revenue ₹589 Cr (+27%), fueled by festive travel boom.
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Hospitality revenue soared with RevPAR up 18% (ARR +16%), occupancy 74%, EBITDA margins 45% – top-tier. Rental segment grew 75% YoY, residential handovers added upside. Q2 FY26 PAT ₹154 Cr on ₹735 Cr revenue (turnaround from loss).
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9M trends position FY26 for ₹500+ Cr PAT record. Pipeline includes Taj Delhi Airport (390 rooms FY27), Goa beachfront. Maiden ₹1/share dividend signals confidence.
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Sanjay Sethi (outgoing MD) credited execution; sustainability (EV100) enhances appeal. Shares up 2% ~₹887 (mcap ₹19,400 Cr).
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Key Highlights

• Net Profit: ₹1.24 Bn (up 29% YoY).
• Revenue: ₹5.89 Bn (up 27% YoY).
• Hospitality RevPAR: +18% YoY.
• EBITDA Margin: 45% (industry-leading).
• Rental/Annuity: Strong contributions.
• Occupancy: Festive boost to 74%.
• 9M PAT: On track for record FY26.

Hospitality rebound cements Chalet's premium positioning.

Sources: ScanX, Tijori Finance, Business Standard