Chalet Hotels Q1 profit falls 58% as residential revenue recognition drops
Chalet Hotels reported Q1 FY27 net profit of ₹86 crore, down 57.6% year on year, as revenue recognition from residential projects declined. Core hospitality revenue rose 9%, RevPAR increased 6% to ₹8,582 and commercial occupancy reached 91%.
Chalet Hotels reported lower consolidated Q1 FY27 profit due to residential revenue recognition, while core hospitality and annuity operations grew. RevPAR rose 6%, commercial occupancy reached 91%, and major Taj Delhi Airport and Powai projects are nearing completion.
Why this matters
The profit decline follows Chalet Hotels’ recent guidance for high-single- to low-double-digit Q1 revenue growth on domestic demand, while the company has flagged Powai real estate as a key FY27 growth driver.
Retail-company is accelerating, up 410133% QoQ.