Chalet Hotels Limited (CHL), a leading hospitality company in India, has announced stellar results for the first quarter of FY26, marked by a substantial year-on-year surge in both revenues and profits. The company also revealed a significant leadership development with the appointment of Shwetank Singh as Managing Director & CEO Designate.
A Quarter of Unprecedented Growth
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Chalet Hotels showcased a dramatic turnaround in its June 2025 quarter, signaling robust demand recovery in India’s hospitality sector:
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Consolidated revenue from operations soared to ₹8.95 billion (894.5 crore), up 147.8% from ₹361 crore in Q1 FY25.
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Consolidated net profit surged threefold to ₹2.03 billion (203 crore) compared to ₹60.4 crore last year.
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This exceptional performance exceeded consensus expectations, reflecting both operational efficiency and favourable market demand.
Key Highlights and Operational Metrics
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The company’s Q1 FY26 results underscore strong growth across segments, operational leverage, and margin expansion:
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Revenue: Total income climbed to ₹894.5 crore from the year-ago ₹361 crore, driven by higher occupancies, new room additions, and residential project handovers.
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Profitability: Net profit witnessed a sharp 235% jump year-on-year to reach ₹203 crore.
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Margins: EBITDA and net profit margins expanded significantly, underpinned by cost controls and improved business mix.
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Business Segments: Chalet’s hospitality segment outperformed, supported by sustained demand across corporate travel, weddings, and MICE (meetings, incentives, conferences, exhibitions) events.
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Pipeline: The company continued to progress with hotel expansions, notably the Bengaluru Marriott Hotel Whitefield and The Dukes Retreat Lonavala, and remains on track for major launches in Delhi and Navi Mumbai by FY27.
Strategic Announcement: Appointment of Shwetank Singh as MD & CEO Designate
In another major development, Chalet Hotels announced the board’s decision to appoint Shwetank Singh as Managing Director & CEO Designate, signifying a focused approach to leadership succession:
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Shwetank Singh, previously Executive Director, will now take on the mantle to lead CHL’s next phase of growth, with the appointment effective immediately and subject to shareholder approval.
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Singh is recognized for steering business development, operations, asset management, and ESG (environmental, social, and governance) initiatives at Chalet, drawing on a distinguished career with stints at leading organizations and an MBA from FMS, Delhi.
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Outgoing CEO Sanjay Sethi emphasized the company’s intent to nurture internal talent and expressed confidence in Singh’s capacity to further propel Chalet’s transformative ambitions.
Leadership and Growth Outlook
The robust June quarter results and the appointment of Shwetank Singh as CEO Designate combine to reinforce Chalet Hotels’ posture as a sector outperformer poised for further expansion:
The management attributed this growth to disciplined cost management, operational excellence, and the ability to capitalize on the resurging travel and hospitality market in India.
With a strong pipeline and an energized leadership team, Chalet Hotels appears well-positioned to sustain its momentum through the remainder of FY26.
Today’s news reflects a pivotal moment for Chalet Hotels, setting a new high-water mark for financial achievement and marking a decisive step in leadership continuity.
Source: NDTV Profit, Reuters, Moneycontrol, Economic Times, Hospitality Economic Times, TradingView, BW People, and official Chalet Hotels announcements as of July 31, 2025.
