Latest news with #ChaletHotels
Business Standard
12-08-2025
- Business
- Business Standard
Chalet Hotels acquires land at Narendra Nagar in Uttarakhand
Mahananda Spa and Resorts, a material wholly owned (unlisted) subsidiary of Chalet Hotels has acquired land admeasuring ~18,848 square meters at Narendra Nagar in Uttarakhand, for a cash consideration of Rs.60 crore. The land is in proximity of the existing hotel viz. The Westin Resort & Spa, Himalayas and is a strategic investment for expansion in a high end and deep leisure market.
Mint
11-08-2025
- Business
- Mint
Women in workforce drive shift in investor spending: From staples to discretionary goods
Not too long ago, pureplay FMCG staples had all that investors loved. But the spotlight is shifting – thanks in no small part to more women joining the workforce. Consumer discretionary companies are quickly becoming the new favourites. The alpha, it seems, may now lie beyond toothpastes, soaps and shampoos in the fast lane of aspirational spending, according to experts. Mint took a closer look at the five-year CAGR returns of traditional FMCG giants and stacked them up against the newer consumer discretionary pack, a space that now spans everything from quick commerce, paints and automobiles to apparel, travel and leisure. The analysis showed that the five-year CAGR returns of good old FMCG names Britannia Industries, Colgate-Palmolive, Nestle India, Hindustan Unilever, Gillette India, Dabur India, Marico and Emami ranged from 7% to 17%. Decent – but a far cry from the solid returns by consumer discretionary companies including Dixon Technologies (113%), Carysil (52%), Tata Consumer Products (32%) and Chalet Hotels (23%). Navin Matta, equity fund manager at Mahindra Manulife, points to a few key reasons for the divergent performance. First, discretionary demand rebounded strongly after the covid years (2020-2021), driven by pent-up demand and the 'YOLO' effect, boosting spending on categories such as apparel, jewellery and travel. In contrast, listed FMCG players faced several challenges – from high inflation hurting profitability to market share shifts toward D2C and regional brands, leading to muted volume growth for listed companies, he explained. Biscuit maker Britannia highlighted in a recent investor presentation that its overall market share remained little changed in Q1 of FY26 as regional companies gained traction in select markets and categories. The K-shaped recovery post-Covid resulted in higher-income groups benefiting more from the economic rebound, boosting their spending power. Health-related challenges during the pandemic also influenced consumer behaviour, leading to increased spending on travel, apparel, and jewellery – habits that have largely stuck. Low base Additionally, discretionary companies came off a very low base in terms of business activity and valuations five years ago, which amplified their returns, Matta added. Eternal, Dixon, Trent, Chalet Hotels, Dollar Industries, Delta Corp, Swiggy and Yatra Online are among the companies included in the BSE Consumer Discretionary Index, which accounts for about 9% of the exchange's total turnover. According to Deepak Shenoy, CEO of Capital Mind Mutual Fund, most staples companies were expensive five years ago and discretionary ones not quite so. 'The exact mix of discretionary versus staples will change and many staples companies will move into the discretionary universe," he said. He noted that in terms of financial performance, many discretionary consumption companies have done very well, while the consumer staples segment has not seen much profit growth. Dabur India's sales of personal care products grew at about 7.6% compounded annually over the past five years, with net profit rising about 4%. Emami's sales of skin and healthcare products grew a modest 7.5% CAGR, although profit jumped about 22%. Turnover at Marico, the maker of Parachute oils, grew 8% but profit rose just 10%. Now compare that with Dixon Technologies, an electronics manufacturing services company – revenue surged 54.6% annually and net profit soared 59% CAGR over the same period. PepsiCo bottler Varun Beverages clocked an 18.6% CAGR in sales over the past five years, with net profit up 40.8%. Trent, which operates Westside and Zudio fashion stores, has been in a league of its own: sales have surged 37.5% and net profit has leapt 66%, Mint's analysis showed. From 2012 to 2019, traditional staples such as soaps and shampoos enjoyed a phase of rapid growth. But since then, pureplay FMCG companies have struggled with growth and revenue visibility, observed Manish Jain, head of fund management at Centrum. 'In contrast," Jain said, 'the quick commerce space offers far more visibility when it comes to growth, which is why investors are leaning more towards consumer discretionary plays." This shift is driven by a clear evolution in consumer and investor behaviour – from focusing on basic needs to embracing aspiration and convenience-led consumption, Jain said. The hunt for alpha Sonam Udasi, senior fund manager at Tata AMC, said consumer discretionary is where the real action is: with volume growth outpacing that of traditional staples. Zomato and Blinkit parent company Eternal's B2C businesses delivered a solid performance, with net order value rising 55% year-on-year in Q1 of FY26. Swiggy's food delivery gross order value grew almost 19% YoY, while quick commerce more than doubled. In contrast, growth in staples was far more muted: Britannia posted 2% volume growth, Marico rose 9%, Emami's volumes fell 3% and Dabur recorded a 1% drop. One big factor driving this shift is the rising number of women entering the workforce, Udasi said. 'With both partners working, there is less time for daily chores and convenience becomes a priority, and that's driving up demand for categories like ready-to-eat meals, packaged foods and lifestyle related choices," Udasi explained. Jain of Centrum said categories like quick commerce could grow 10x, apparel by 5-7x, and even big-ticket items like TVs and ACs are set to outpace staples and 'that is where the opportunity lies." With India's per capita income expected to rise from $2,500 to over $4,000 in 5-7 years, Jain said lifestyle upgrades will make discretionary consumption a key theme for the next decade. That said, the wider perception is that recent fiscal and monetary moves by the government and the Reserve Bank of India will leave more discretionary income in the hands of low- to mid-income consumers. Matta of Mahindra Manulife expects a pick-up in demand for these low-end consumption segments including two-wheelers, footwear, value fashion apparel, and quick service restaurants. 'We expect some alpha generation opportunities from these spaces," Matta said. How do valuations stack up? Nestle, HUL and Britannia currently trade at price-to-earnings multiples of 71.2, 55.2 and 59.1 times, respectively. Marico is at 54.7 times and Godrej Consumer Products at 63.4%. In contrast, Dollar Industries, a maker of hosiery products, trades at a far lower multiple of 23.52 times. Sula Vineyards is currently at 38.6 times price-to-earnings multiple, casino gaming company Delta Corp at about 15 times, and kitchen sink maker Carysil 34.9 times. Yatra Online is at a multiple of 41.1 times and Trident at 32.3 times. Udasi of Tata AMC said traditional FMCG companies have to adapt and innovate. The only way for them to keep up and justify their still-rich valuations is to revamp their portfolios and tap into newer, fast-growing categories including convenience foods.
Skift
01-08-2025
- Business
- Skift
Chalet Hotels Names Shwetank Singh CEO As Sanjay Sethi Steps Down
Sanjay Sethi's decision to step down as the CEO and MD after a decade points to a possible change in the way the company operates as it faces stiff competition in an intense industry landscape. Chalet Hotels' Managing Director and CEO Sanjay Sethi will step down when his current term ends on January 31 next year. Sethi confirmed the decision during the company's earnings call Friday, noting he had informed the board earlier of his intent not to seek an extension. Shwetank Singh, currently executive director, will take over as CEO and managing director. 'Over the past two years, we've been thoughtfully preparing for the future of leadership at Chalet,' Sethi said in a statement. 'In alignment... with the Board, I had communicated my intent not to seek an extension of my current term.' Sethi first took the top role at Chalet in January 2015. He briefly left in 2017 to serve as chief operating officer at ITC Hotels, returning to Chalet the following year. Singh, who joined the company in August 2023 as chief growth
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Business Standard
01-08-2025
- Business
- Business Standard
Chalet Hotels shares jump 19% post Q1; analyst decodes stock strategy
Chalet Hotels share price today: Shares of high-end hotels operator, Chalet Hotels, jumped 19 per cent on Friday, August 1, 2025, logging an intraday high of ₹1,082.00, after announcing its results for the first quarter of the financial year 2025-2026 (Q1FY26). At the time of writing this report, around 7.5 million shares had changed hands on the counter, cumulatively, on the NSE and BSE. While the stock experienced a strong rally earlier in the day, nearly all gains were erased post-noon. Chalet Hotels Q1FY26 earnings 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, indicating a triple-digit increase of 146 per cent. Consolidated net profit for Q1FY26 stood at ₹203.1 crore, up by 235 per cent year from ₹60 crore recorded in the same period of the last financial year. Chalet Hotel's operating margin for the quarter stood at 35 per cent during the quarter under review. The figure stood at 30 per cent during the first quarter of the last financial year. However, it is worth mentioning that Chalet Hotels' Q1FY26 performance is not directly comparable on a year-on-year (Y-o-Y) basis, as the company has accounted for both revenue and expenses related to its residential projects in Bengaluru during this quarter. Earnings before interest, taxes, depreciation and amortisation (Ebitda) stood at ₹371 crore in Q1FY26, marking a 150 per cent Y-o-Y increase from ₹148 crore recorded in Q1FY25. Chalet Hotel's revenue per available room (RevPar) also surged 10 per cent Y-o-Y to ₹805 crore in Q1FY26. 'Despite the geopolitical headwinds across India and West Asia, we've once again delivered a strong quarterly performance— a reflection of our team's unwavering commitment to disciplined execution, guest-centricity, and long-term value creation," said Sanjay Sethi, managing director and CEO, Chalet Hotels. As per the company release, Sethi will be succeeded by Shwetank Singh, who will assume the role of managing director and CEO effective February 1, 2026. "Over the past two years, we've also been thoughtfully preparing for the future of leadership at Chalet. In alignment with a well-crafted succession plan developed in collaboration with the Board, I had communicated my intent not to seek an extension of my current term, which concludes on January 31, 2026," Sethi said. Brokerage View- Religare Broking So far this calendar year, Chalet Hotels stock has struggled to trade in the green territory, experiencing a decline of around 7 per cent. While the overall outlook of the stock remains on the positive side, Ravi Singh, SVP-retail research at Religare Broking, advised investors to buy on prospective dips. "Chalet Hotels shares opened with a gap up of nearly 10 per cent after its announcement of Q1 results for FY26. Previously, the stock has been trading in higher high and higher lows structure, which indicates bullishness in every dip. Traders and investor can initiate 'Buy on Dip' strategy in this stock with a support level of ₹960 for upside potential of 10-15 per cent with risk managed to 5 per cent downside (below ₹915). Overall sentiments remain on positive side as per technical charts and volume accumulation," he said.
Business Standard
01-08-2025
- Business
- Business Standard
Chalet Hotels jumps as Q1 PAT skyrockets 235% YoY to Rs 203 cr
Chalet Hotels soared 10.82% to Rs 1,008.75 after the company's consolidated net profit zoomed 234.89% to Rs 203.15 crore on 147.79% increase in revenue from operations to Rs 894.55 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) for Q1 FY26 stood at Rs 268.61 crore, marking a sharp year-on-year increase of 245.61%. EBITDA jumped 150.23% year-on-year to Rs 371.10 crore in Q1 FY26, compared to Rs 148.30 crore in the corresponding quarter last year. The EBITDA margin improved to 40.9% in Q1 FY26 as against 40.2% in Q1 FY25. The average room rate (ARR) increased by 17% to Rs 1,220.70 in Q1 FY26 as against Rs 1,043.30 in Q1 FY25. However, the occupancy rate declined by 4 percentage points to 66% during the quarter, compared to 70% in the same period last year. Revenue per available room (RevPar) stood at Rs 805.90 in Q1 FY26, up 9.63%, compared with Rs 735.10 in Q1 FY25. In Q1 FY26, revenue from the rental/annuity business rose 106.19% year-on-year to Rs 73.20 crore, compared to Q1 FY25. The company stated that Marriott Whitefield in Bengaluru commissioned 121 additional rooms in May 2025. Meanwhile, at The Dukes Retreat in Khandala, renovations and additionsincluding 44 rooms and a banquet hallwere completed during the quarter and became operational on 4th July 2025, increasing the inventory to 117 rooms. The final phase, comprising 30 rooms, is on track for completion, which will bring the total inventory to 147 rooms. Construction at The Taj Delhi Airport is progressing steadily and remains on schedule for completion in the first half of FY27. Development at Varca Beachfront Resort in Goa is advancing as planned, with delivery expected in FY28. Additionally, the second commercial tower at The Westin Powai Lake, Cignus II, is progressing on schedule and is slated for completion in FY27. Dr. Sanjay Sethi, MD & CEO, Chalet Hotels, Despite the geopolitical headwinds across India and West Asia, weve once again delivered a strong quarterly performance a reflection of our teams unwavering commitment to disciplined execution, guest-centricity, and long-term value creation. Im immensely proud of how Chalet Hotels continues to demonstrate both resilience and purpose in an ever-evolving environment. Over the past two years, weve also been thoughtfully preparing for the future of leadership at Chalet. In alignment with a well-crafted succession plan developed in collaboration with the Board, I had communicated my intent not to seek an extension of my current term, which concludes on 31 January 2026. It gives me great pleasure to share that Shwetank Singh will take over as managing director & CEO effective 1 February 2026. This transition is the outcome of a meticulous and collaborative process aimed at preserving our strategic direction while infusing fresh perspective and energy. I look forward to working closely with Shwetank over the coming months to ensure a seamless handover and continued momentum for the organisation and its people. The company stated that, based on the recommendation of the compensation, nomination, and remuneration committee, the board has approved the appointment of Shwetank Singh as managing director (MD) & CEO effective 1 February 2026. Chalet Hotels (CHL), part of K Raheja Corp, is an owner, developer, asset manager and operator of high-end hotels and luxury resorts in India, comprising of 11 operating hotels & resorts with 3,351 keys across globally recognized hospitality brands including JW Marriott, The Westin and Novotel, to name a few. Additionally, the company has 1,200 rooms under development.
