Brigade Hotel Ventures Reports 140% YoY Profit Surge to Rs 17 Crore in First Quarter
Bengaluru, August 6, 2026: Brigade Hotel Ventures Limited (BHVL) announced its consolidated financial results for the first quarter of fiscal year 2027 today, posting a 140% year-on-year surge in Profit After Tax (PAT) to ₹17 crore, up from ₹7 crore recorded in Q1 FY26. Consolidated total revenue for the Bengaluru-headquartered hospitality firm reached ₹131 crore for the April–June quarter, representing a 5% increase compared to ₹125 crore in the corresponding period of the previous fiscal year. Operating EBITDA grew by 9% year-on-year to ₹46 crore, Brigade Hotel Ventures said in a press release.
The company’s operational metrics demonstrated healthy performance in room revenues across its portfolio. Average Room Rate (ARR) grew 7% year-on-year to ₹7,241 from ₹6,761, while Revenue Per Available Room (RevPAR) rose 9% to ₹5,479 compared to ₹5,040 in Q1 FY26. Overall occupancy reached 75.7% for the quarter, though food and beverage (F&B) revenue declined to ₹42 crore from ₹47 crore in the prior year’s first quarter. Bengaluru remained the primary market driver, with RevPAR climbing 10% year-on-year from ₹6,437 to ₹7,099, supported by an average ARR of ₹8,435 and an occupancy level of 84.2%.
Commenting on the financial performance, Nirupa Shankar, Managing Director of 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.”
Alongside its financial performance, the company highlighted progress in its asset portfolio and strategic development pipeline. During the quarter, the Kochi Infopark property was rebranded as Courtyard by Marriott. Additionally, the company announced that the launch of Courtyard by Marriott at World Trade Center Chennai remains on track and is scheduled for the third quarter of FY27.
