Bengaluru, August 5, 2026: Brigade Hotel Ventures Limited (BHVL), reported a consolidated PAT of ₹17 Crore in Q1 FY27 compared to ₹7 Crore in Q1 FY26, a growth of 140%. Consolidated total revenue stood at ₹131 Crore for Q1 FY27 compared to ₹125 Crore in Q1 FY26, a growth of 5%. Operating EBITDA stood at ₹46 Crore, a growth of 9% over Q1 FY26.

Operational Highlights

–        F&B revenue stood at ₹ 42 crore in Q1 FY27 compared to ₹47 crore in Q1 FY26

–        ARR for the quarter grew 7% YoY from ₹ 6,761 to ₹ 7,241,

–        RevPAR rose 9% YoY from ₹ 5,040 to ₹ 5,479

–        Occupancy was at 75.7%

Bengaluru continued to lead the growth story with RevPAR up 10% YoY from ₹ 6,437 to ₹ 7,099 led by ARR increasing from ₹8,223 to ₹ 8,435 with Occupancy at 84.2%.

Commenting on the financial performance, Nirupa Shankar, Managing Director, Brigade Hotel Ventures Ltd. said, “Q1 FY27 reflected steady, broad-based improvement across our portfolio, with resilient domestic demand despite softer corporate/MICE activity, air travel disruptions, and a quiet events calendar weighing on banqueting and F&B. Room revenue remained the key growth driver, with healthy RevPAR growth led by strong pricing power and continued occupancy gains in Bengaluru. Operating EBITDA and margins improved on sustained cost discipline, while profit after tax rose sharply on stronger operating performance and lower finance costs post debt reduction. We remain focused on our expansion plans of doubling our keys and building a diversified portfolio across luxury, leisure, and business segments.”

The quarter also saw the rebranding of the Kochi Infopark property to Courtyard by Marriott. The launch of Courtyard by Marriott at WTC Chennai is scheduled for Q3 FY27.

About Brigade Hotel Ventures Limited: Brigade Hotel Ventures Limited (BHVL) is an owner and developer of hotels in key cities in India primarily across South India. The Company is the second largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners. BHVL is a subsidiary of Brigade Enterprises Limited (BEL) which is one of the leading Indian real estate developers in India. The Company has a portfolio of nine operating hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka) and the GIFT City (Gujarat) with 1,604 keys. The hotels are operated by global marquee hospitality companies such as Marriott, Accor and InterContinental Hotels Group, and fall into the upper upscale, upscale, upper-midscale, and midscale segments.