Chalet Hotels Limited has announced its financial results for the fourth quarter and full year ended March 31, 2025
Key Highlights for Q4FY25:
- Total Income at INR 5.4 BN, up 27% as compared to Q4FY24
- Consolidated EBITDA at INR 2.6 BN up 36% as compared to Q4FY24, Margin at 47.8%
- Consolidated PAT at INR 1.2 BN
- Hospitality Segment Performance:
- Revenue at INR 4.6 BN up by 20% from Q4FY24
- ARR at INR 14,345, up by 21% over Q4FY24
- Same store ARR at INR 14,158, up by 19% over Q4FY24
- Occupancy was at 76%, expansion of 30 bps over Q4FY24
- RevPAR improved by 21% YoY to INR 10,909
- EBITDA stood at INR 2.2 BN, up by 22% over Q4FY24 with margins of 47.8%.
- Commercial Real Estate (Rental/Annuity) Performance:
- Revenue at INR 619 MN up by 75% from Q4FY24
- EBITDA was at INR 498 MN, up by 83% over Q4FY24 with margins of 80.4%.
- For the financial year FY2025
- Consolidated Revenue at INR 17.5 BN up 22%
- ARR at INR 12,094, up by 13% YoY
- Consolidated EBITDA at INR 7.7 BN up by 28%, with Margin at 44.0%
- Consolidated PAT at INR 1.4 BN
Other Highlights:
- The Board has approved, entering into a binding term sheet for the acquisition of ‘Lakeview Mercantile Company Private Limited’, the owning company of an over 15 acres of beachfront land in Bambolim, North Goa. This land comes with the potential to develop a ~170 room luxury resort.
- Chalet Hotels Limited’s sustainability success was reflected in the Dow Jones Sustainability Index with an overall score of 67 (CSA Score Date: 28/02/2025) and the CDP “B” score in Climate Change and Water Security.
- Strengthened its leisure portfolio with the acquisition of The Westin Resort & Spa, Himalayas in the 141-room luxury resort. This strategic acquisition strengthens the company’s position in the high growth leisure, spiritual and wellness tourism market, unlocking new opportunities for premium experiences leading to long-term value creation.
Consolidated Performance for Q4FY25 INR Million
| Particulars | Q4FY25 | Q3FY25 | QoQ% | Q4FY24 | YoY% | FY 25 |
| Total Income | 5,374 | 4,645 | 16% | 4,244 | 27% | 17,541 |
| EBITDA | 2,569 | 2,114 | 22% | 1,890 | 36% | 7,722 |
| Margin % | 47.8% | 45.5% | 2.3 pp | 44.5% | 3.3 pp | 44.0% |
| PBT | 1,589 | 1,184 | 34% | 990 | 60% | 4,343 |
| Tax | -350 | -218 | 60% | -166 | 111% | *2,918 |
| PAT | 1,239 | 965 | 28% | 824 | 50% | 1,425 |
*Following the withdrawal of indexation benefits under the Finance (No. 2) Act, 2024, the Holding Company reversed deferred tax assets of ₹2,021.72 million in Q2 FY25, with a one-time impact on profit and loss.
Segmental Performance for Q4FY25 INR Million
| Hospitality Performance | ||||||
| Particulars | Q4FY25 | Q3FY25 | Var(%) | Q4FY24 | Var(%) | FY 25 |
| ADR | 14,345 | 12,944 | 11% | 11,862 | 21% | 12,094 |
| Occupancy | 76.0% | 70.2% | 5.8 pp | 75.7% | 30 bps | 72.6% |
| RevPAR | 10,909 | 9,090 | 20% | 8,984 | 21% | 8,781 |
| Total Revenue | 4,598 | 4,005 | 15% | 3,830 | 20% | 15,209 |
| EBITDA | 2,228 | 1,846 | 21% | 1,832 | 22% | 6,804 |
| EBITDA Margin % | 48.5% | 46.1% | 2.4 pp | 47.8% | 70 bps | 44.7% |
| Rental Annuity | Q4FY25 | Q3FY25 | Var(%) | Q4FY24 | Var(%) | FY 25 |
| Revenue | 619 | 577 | 7.2% | 354 | 75% | 1,970 |
| EBITDA | 498 | 455 | 9.5% | 272 | 83% | 1,540 |
| EBITDA Margin % | 80.4% | 78.9% | 1.5 pp | 76.9% | 3.5 pp | 78.2% |
Development Pipeline Updates:
- 121-room expansion at Bengaluru Marriott Hotel Whitefield completed in Q4FY25; rooms have gone operational from May 2025 (Q1FY26)
- Renovation and expansion of The Dukes Retreat, Khandala set for completion in H1FY26.
- ‘Taj’ at the T3 Terminal Delhi International Airport (385-390 rooms) and CIGNUS POWAI® Tower II in Mumbai are scheduled for completion in FY27.
Speaking on the financial results, Dr. Sanjay Sethi, MD & CEO, Chalet Hotels Limited, said, “This year we achieved a significant milestone — ₹15 billion in revenue from the Hospitality business with a strong 45% EBITDA margin, one of the highest in the industry, driven by the team’s robust execution and operational excellence.”
Dr. Sanjay Sethi, MD, Chalet Hotels Limited, added, “Our entry into Goa and Rishikesh reflects our strategy of strengthening our portfolio and diversifying our customer mix. For the year ahead, we aim to drive strong revenue growth whilst deepening our operational efficiencies, maintaining a sharp focus on executing our expansion pipeline. We are equally excited to work on the acquisition of the new land parcel in North Goa.”
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