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.

Brigade Hotel Ventures Limited (BHVL) has reported strong financial results for the first quarter, with significant growth in revenue and EBITDA. The company also outlined ambitious expansion plans and highlighted its commitment to sustainable development.

Financial Highlights

BHVL's consolidated revenue for Q1 grew by 22% year-on-year to INR 125.00 crores, up from INR 102.20 crores in the same quarter last year. The company's EBITDA saw an even more impressive increase of 24%, reaching INR 41.80 crores compared to INR 33.60 crores in the previous year's Q1.

The company's EBITDA margin improved to 33.40% from 32.90% in the previous year, representing a 50 basis point increase. Notably, BHVL achieved a consolidated Profit After Tax (PAT) of INR 7.20 crores, a significant turnaround from a loss of INR 5.80 crores in the same quarter last year.

Operational Performance

BHVL's portfolio demonstrated resilience and growth across various markets:

• Bangalore and Chennai hotels showed 12% and 13% RevPAR (Revenue Per Available Room) growth, respectively.
• The GIFT City hotel in Gujarat delivered an impressive 44% RevPAR growth, driven by increased development activity and entry of high-profile IT and finance companies.
• The newly launched Ibis Styles in Mysuru achieved a 68% occupancy in just its third quarter of operations.
• F&B revenue recorded a substantial 32% year-on-year growth.

Expansion Plans and Strategy

Following its successful IPO, BHVL is well-positioned for growth. The company plans to:

• Add nine new hotels over the next four to five years.
• Double its total key count, focusing on premium 5-star luxury properties.
• Estimated construction costs range from INR 65.00 lakhs per key for Fairfield brands to INR 1.75-2.00 crores per key for luxury hotels like Grand Hyatt and Ritz-Carlton.

Sustainability Achievement

BHVL announced that its entire portfolio is now EDGE-certified, demonstrating its commitment to sustainable and resource-efficient development. This certification reflects the company's success in reducing energy and water usage by 20% or more, as well as lowering embodied carbon in materials.

Debt Position and Liquidity

The company reported a strong liquidity position:

BHVL repaid the entire institutional debt of INR 468.00 crores using IPO proceeds.

Market Outlook

Despite moderate industry-wide demand due to seasonal softening and geopolitical tensions, BHVL's portfolio showed resilience and steady growth. The company expects hotel growth to accelerate through the remainder of the fiscal year, supported by sustained corporate and MICE demand, as well as events, festival travel, and longer pleasure stays.

Ms. Nirupa Shankar, Managing Director of BHVL, commented, "We are pleased with our Q1 performance and are well-positioned for future growth. Our focus on disciplined rate management and ability to capitalize on event-led demand spikes has contributed to our strong results."

As Brigade Hotel Ventures Limited continues to expand its portfolio and focus on premium properties, the company appears well-positioned to capitalize on the growing demand in India's hospitality sector.