Brigade Hotel Ventures Limited (BHVL), the hospitality arm of the Brigade Group, has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth and ambitious expansion plans.

Financial Highlights

For Q2 FY26, BHVL registered:

• Total revenue of ₹130.00 crore, up 20% year-over-year (YoY)
• Profit After Tax (PAT) of ₹11.00 crore, a substantial 58% increase YoY
• EBITDA of ₹41.00 crore, growing 9% YoY

The company's performance was driven by strong operational metrics:

• Average Room Rate (ARR) increased 14% YoY to ₹7,106.00
• Revenue Per Available Room (RevPAR) rose 13% YoY to ₹5,374.00
• Healthy occupancy rate of 75.6%

Segment Performance

• Room revenue stood at ₹79.00 crore in Q2 FY26
• Food & Beverage (F&B) revenue reached ₹42.00 crore, a 14% growth YoY

Geographical Performance

Bengaluru continued to lead BHVL's performance:

• ARR up 19% YoY to ₹8,738.00
• RevPAR increased to ₹6,807.00 from ₹5,959.00 in Q2 FY25

Expansion Plans

BHVL announced plans to invest approximately ₹3,600.00 crore to open 9 new hotels, aiming to double its portfolio to 18 hotels with about 3,300 rooms by FY30. This strategic expansion is set to strengthen the company's footprint in high-potential geographies.

Management Commentary

Nirupa Shankar, Managing Director of BHVL, stated, "Our continued focus on enhancing ARR and driving higher RevPAR has yielded strong results. We are committed to strengthening our footprint in high-potential geographies, backed by a healthy pipeline of new keys and robust brand partnerships."

Future Outlook

The company expects 45 new keys to become operational in FY27, marking the beginning of its expansion phase. BHVL's emphasis remains on driving RevPAR growth through enhanced pricing strategies, guest experience, and asset optimization.

Conclusion

Brigade Hotel Ventures' strong Q2 FY26 performance, coupled with its ambitious expansion plans, positions the company for significant growth in the coming years. The planned investment of ₹3,600.00 crore to double its portfolio by FY30 demonstrates BHVL's confidence in the Indian hospitality sector's potential and its own ability to capitalize on market opportunities.

As the company continues to focus on strategic growth, operational excellence, and market expansion, investors and industry observers will be keenly watching BHVL's execution of these plans and their impact on future financial performance.

Brigade Hotel Ventures Limited (BHVL), the hospitality arm of the Brigade Group, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth and strategic expansion plans.

Financial Highlights

• Revenue Growth: BHVL registered a total revenue of ₹130.00 crore in Q2 FY26, marking a 20% increase compared to Q2 FY25.
• Profit After Tax (PAT): PAT stood at ₹11.00 crore, up 58% from ₹7.00 crore in the corresponding quarter last year.
• EBITDA: The company reported an EBITDA of ₹41.00 crore, showing a 9% year-on-year growth.
• Revenue from Operations: Reached ₹126.00 crore, up from ₹108.00 crore in Q2 FY25.

Operational Performance

• Average Room Rate (ARR): Increased by 14% year-on-year to ₹7,106.00.
• Revenue Per Available Room (RevPAR): Rose by 13% to ₹5,374.00.
• Occupancy: Maintained a healthy rate of 75.6%.
• Food & Beverage Revenue: Grew by 14% to ₹42.00 crore.

Geographic Performance

Bengaluru continued to lead the company's performance:

• ARR: Up 19% year-on-year to ₹8,738.00.
• RevPAR: Increased from ₹5,959.00 to ₹6,807.00.

Half-Year Performance (H1 FY26)

• Total Revenue: ₹255.00 crore, up 21% year-on-year.
• PAT: ₹18.00 crore, compared to ₹1.00 crore in H1 FY25.
• EBITDA: ₹83.00 crore, showing a 16% growth.
• F&B Revenue: ₹89.00 crore, a 24% increase from H1 FY25.

Strategic Expansion Plans

BHVL has outlined ambitious growth plans:

• Investment: Plans to invest approximately ₹3,600.00 crore to add 9 new hotels.
• Portfolio Expansion: Aims to double its portfolio to 18 hotels with around 3,300 keys by FY30.
• Near-Term Growth: Expects 45 keys to become operational in FY27.

Management Commentary

Nirupa Shankar, Managing Director of BHVL, stated, "Our continued focus on enhancing ARR and driving higher RevPAR has yielded strong results. We remain committed to strengthening our footprint in high-potential geographies, backed by a healthy pipeline of new keys and robust brand partnerships."

Future Outlook

The company remains focused on:

• Driving RevPAR growth across the existing portfolio.
• Expanding its footprint in strategic locations.
• Enhancing pricing strategies and guest experiences.
• Optimizing assets for improved performance.

Brigade Hotel Ventures Limited's strong Q2 FY26 performance, coupled with its ambitious expansion plans, positions the company for continued growth in the Indian hospitality sector. The focus on high-potential markets and strategic partnerships is expected to drive long-term value creation for the company.