**MARKET BRIEF: Chalet Hotels Q3 FY26 Earnings** **Robust Financial Growth** Chalet Hotels has delivered a strong operational performance for the third quarter ended December 2025. The company reported a **28.5% year-on-year increase in net profit**, reaching **Rs 124 crore**. Consolidated revenue surged **27.1%** to **Rs 581.6 crore**, supported by sustained demand in the hospitality sector. EBITDA also saw healthy traction, growing **29%** to **Rs 272.6 crore**, reflecting improved operational efficiency. **Key Operating Metrics** The growth was fuelled by sharp improvements in average room rates and revenue per available room. * **ADR (Average Daily Rate):** Climbed **16%** to **Rs 14,970**. * **RevPAR (Revenue Per Available Room):** expanded by **12%** to **Rs 10,162**. * **Occupancy:** Remained stable at roughly **68%**. **Strategic Updates & Leadership** The quarter marks a significant leadership transition. **Shwetank Singh** has officially taken charge as the new Managing Director & CEO effective February 1, 2026, succeeding Sanjay Sethi. On the development front, construction of the **Taj Hotel at Delhi Airport** is progressing on schedule, with completion targeted for **Q4 FY27**. The company also noted early positive momentum for its new lifestyle brand, **Athiva**. **Market Reaction** Despite the strong quarterly numbers, market sentiment appeared cautious. The stock traded flat to slightly lower, hovering around **Rs 852**, as investors digested valuations and broader market trends.