Check-In: Chalet Hotels – Q4FY25 Earnings Review
Hospitality saw a premium touch this quarter as Chalet Hotels checked out of FY25 with strong occupancy and rising room rates. Backed by smart expansion and consistent growth, this hospitality player is booking future gains.
The Welcome Note – Rationale
“Q4FY25: Strong EBITDA growth, aided by better metrics on a larger asset base.”
FY25 EBITDA rose 40% YoY; a reflection of operating leverage at play.
121 new keys were added in Bengaluru, taking total portfolio to 3,314 keys.
Strong earnings and an expanding pipeline justify the ADD rating.
Room Service – Quarterly Review
The Suite Spot – Positives
- Revenue: ₹522 crore (+25% YoY, +14% QoQ)
- PAT: ₹124 crore (+50% YoY, 5.9% above estimates)
- ARR: ₹14,345/day (+21% YoY, +11% QoQ)
Room for Improvement – Challenges
- ARR in MMR declined by 100 bps YoY
- Net debt rose sequentially to ₹1,990 crore
Room for Growth, View to Upside
Chalet has checked into FY26 with momentum. With more keys, better ARR, and strong demand outlook, the stay here could be rewarding.
Disclaimers (The Fine Print)
This feature is based on a synopsis of a research report issued by Kotak Securities Limited. For the full story (and disclaimers), make sure to check out the original sources:
Investments in securities market are subject to market risks, read all the related documents carefully before investing. This information is purely backed by KSL research analyst based on research recommendation. Kotak Securities Ltd has registration granted by SEBI, Enlistment as RA and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. SEBI Registration No. INZ000200137 (Member of NSE, BSE, MSE, MCX & NCDEX), Member Id: NSE-08081; BSE-673; MSE-1024; MCX-56285; NCDEX-1262. Research Analyst INH000000586; BSE Enlistment No: 5035 for compliance T&C and disclaimers, Visit https://ddei5-0-ctp.trendmicro.com:443/wis/clicktime/v1/query?url=https%3a%2f%2fbit.ly%2flongdisc&umid=818E14E7-34FE-7906-906B-8F0B1C42A394&auth=d2c41a7df2e2ef1fca42bbbefb1c825d24cf1548-36f3d1caa4f5ef82b030dac05eca909befcec775,
