Chalet Hotels Ltd. share price target and research reports

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Chalet Hotels Ltd.

24 Feb 2026, 12:00AM

712.75

-1.49%

Manthan Hotels Reliving the evolution journey of Chalet Hotels

Buy: Chalet Hotels Ltd.

Prabhudas Lilladhar

Reliving the evolution journey of Chalet Hotels Once touted as an asset heavy business with debt on the BS, Chalet IN has evolved meaningfully over the last 3-4 years. In this edition of Manthan we take you through the evolution journey of Chalet IN. How has the business transformed and which evolution factors are we talking about? Also, where does the company stand in its evolution journey? Read on to find out more. We have broken down the evolution journey in three sections where we think the business has actually transformed. The three sections are a) entry into leisure segment, b) decision to launch own brand, and c) taking the inorganic route to expand. Entry into leisure segment: When we had initiated on Chalet IN in Dec-22, the company had 7 hotels with 2,554 rooms located in business districts like MMR, Bengaluru, Hyderabad, and Pune. However, over time, Chalet IN has expanded into the leisure category...

Chalet Hotels Ltd. is trading below all available SMAs

Chalet Hotels Ltd.

04 Feb 2026

712.75

-1.49%

Result Update:Chalet Hotels

Buy: Chalet Hotels Ltd.

Axis Direct

We maintain our BUY recommendation on the stock.

Chalet Hotels Ltd. is trading below all available SMAs

Chalet Hotels Ltd.

04 Feb 2026

712.75

-1.49%

Chalet Hotels: Q3FY26 Result Review

Hold: Chalet Hotels Ltd.

Target

IDBI Capital

Chalet Hotels Ltd.'s (Chalet) Q3FY26 result was ahead of our estimates on key parameters. The management guided that the Indian hospitality demand remains structurally strong, driven by rising disposable incomes, experiential travel preferences, weddings, MICE activity, and improving infrastructure. ADR growth continues at healthy double-digit levels across most markets. Bangalore, Hyderabad, Pune, and MMR delivered strong performance, with MMR achieving high single-digit RevPAR growth despite operational headwinds at Powai and Vashi, outperforming the broader Mumbai market. New resort brand Athiva...

Chalet Hotels Ltd. is trading below all available SMAs

Chalet Hotels Ltd.

04 Feb 2026

712.75

-1.49%

Chalet Hotels

Buy: Chalet Hotels Ltd.

Target

ICICI Direct

About the stock: Chalet Hotels Ltd (Chalet) is an owner, developer and operator of premium hotels, commercial office spaces and residential properties in India. The Company's portfolio comprises 11 fully operational hotels representing 3389 keys, across mainstream and luxury segments, and commercial spaces, representing ~2.4 mn sq.ft. in close vicinity to its hospitality assets. Q3FY26 performance: Chalet core business (ex-residential) recorded 23.3% YoY growth in revenues to Rs.572.6cr driven by 22.7% YoY growth in hospitality business and 30% YoY growth in Annuity business. Consolidated EBITDA (Ex-resi....

Chalet Hotels Ltd. is trading below all available SMAs

Chalet Hotels Ltd.

03 Feb 2026

712.75

-1.49%

Chalet Hotels (CHALET IN) Q3FY26 Result Update RevPAR growth remains strong BUY

Buy: Chalet Hotels Ltd.

Target

Prabhudas Lilladhar

In 3QFY26, CHALET IN recognized residential revenues of Rs166mn with EBITDA margin of 24.0% and consequently reported results are not comparable on YoY basis or with our estimates. Excluding residential business, CHALET IN's operating performance was better than our estimates with EBITDA margin of 45.9% (PLe 44.6%) aided by 11.8% growth in RevPAR and strong traction in leasing income. While commercialization of Taj, Delhi has been delayed; addition of keys at Bangalore (129-keys added in 1HFY26) and Khandala (147 keys fully operational from mid-Nov onwards) will support growth in the...

Chalet Hotels has lost -17.49% in the last 1 Month

Chalet Hotels Ltd.

10 Nov 2025

712.75

-1.49%

Chalet Hotels

Buy: Chalet Hotels Ltd.

ICICI Direct

Chalet Hotels Ltd. is trading below all available SMAs

Chalet Hotels Ltd.

06 Nov 2025

712.75

-1.49%

Result Update:Chalet Hotels

Buy: Chalet Hotels Ltd.

Target

Axis Direct

We value the stock at a EV/EBITDA of 20x on H1FY28E earnings, arriving at a target price of Rs 1,120/share, implying an upside potential of 17%. We maintain our BUY recommendation on the stock.

Promoters unpledged 0.01% of shares in last quarter. Total pledge stands at 31.92% of promoter holdings

Chalet Hotels Ltd.

06 Nov 2025

712.75

-1.49%

Chalet Hotels: Q2FY26 Result Review

Hold: Chalet Hotels Ltd.

Recommendation Target

IDBI Capital

Chalet Hotels Ltd.'s (Chalet) Q2FY26 result was below our estimates on key parameters as increased competitive intensity in MMR region weighed on net sales. However, on YoY basis, the company reported yet another robust quarterly performance. The management is very optimistic of a strong operating performance in the second half of the year for both business and leisure locations. The dip in Q2 occupancy was a temporary "blip" due to the addition of 166 new rooms. The company expects to be back to the occupancies they have been delivering in the past very quickly. The company introduced the new...

Chalet Hotels Ltd. is trading below all available SMAs

Chalet Hotels Ltd.

06 Nov 2025

712.75

-1.49%

Chalet Hotels (CHALET IN) Q2FY26 Result Update Evolving...

Buy: Chalet Hotels Ltd.

Target

Prabhudas Lilladhar

Chalet Hotels Ltd. has an average target of 1078.80 from 5 brokers.

Chalet Hotels Ltd.

05 Nov 2025

712.75

-1.49%

New Athiva brand and asset pipeline to drive medium-term growth

Buy: Chalet Hotels Ltd.

Target

ICICI Securities Limited

Chalet Hotels (CHALET)’s Q2FY26 hospitality revenue/EBITDA grew 13%/10% YoY, as new hotel openings impacted margins. The company expects robust demand in H2FY26 to flow into earnings.

Chalet Hotels Ltd. is trading below all available SMAs

VOTE: Is Chalet Hotels Ltd. worth buying?

33 Votes:

Buy 81.82%

Sell 9.09%

Hold 9.09%

RESEARCH REPORTS

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