The structural outlook remains favourable, analysts said. Mumbai contributes nearly 15 per cent to India's hotel room revenue and disproportionately dominates the luxury segment.
Around 10:50 AM, Chalet Hotels share price was trading 3.07 per cent higher at ₹906.75 per share. In comparison, BSE Sensex was trading 0.43 per cent lower at 84,773.55 levels.
Chalet Hotels reported a strong turnaround in Q2FY26 with a ₹154.84 crore profit and nearly 95% revenue growth, announcing its maiden interim dividend and debuting the ATHIVA brand.
The premium lifestyle brand ATHIVA will start with six hotels and 900 keys, as Chalet Hotels aims to double capacity and expand into Goa and Thiruvananthapuram
Technical charts suggest that share price of ITC Hotels, Indian Hotels, Taj GVK, Lemon Tree and Chalet Hotels could see up to 20 per cent upside from here.
The company's overall income for the quarter ended June 30, 2025, stood at ₹908 crore, as compared to ₹369 crore reported in the corresponding period of the previous fiscal year.
Sanjay Sethi says that bulk of the company's growth will come from its existing pipeline taking the total keys to over 5,000 on the back of the domestic hospitality boom till 2030
New hotel properties and stronger office leasing expected to drive margin growth for Chalet Hotels in FY26 despite geopolitical headwinds and seasonal weakness
Chalet Hotels' consolidated profit after tax (PAT) zoomed 50 per cent year-on-year (Y-o-Y) to ₹123.9 crore in the March quarter of financial year 2025 (Q4FY25), from ₹82.4 crore in Q4FY24
The hospitality firm posts 50.2 per cent rise in Q4 profit; acquires 15-acre beachfront land in North Goa to develop a 170-room luxury resort as part of expansion
The rally in Chalet Hotels share price came after domestic brokerage Axis Securities initiated coverage with 'Buy' on Chalet Hotels, for a target price of Rs 1,191 per share, as per reports
Analysts at Emkay Global see the strength in hospitality industry sustaining in March (Q4)/June (Q1) quarter, based on their channel checks, with year-on-year (YoY) improvement in average room rates.
The resort, which came up in July 2022, reported an average daily rate of Rs 13,500 till December 2023 with an occupancy rate of 44 per cent, the company added