Brigade Hotel Ventures Limited has informed the Exchange about Transcript
BRIGHOTEL · price
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Brigade Hotel Ventures reported strong Q1 FY26 results, with consolidated revenue up 22% to ₹125 crore and EBITDA up 24% to ₹41.8 crore, reflecting an EBITDA margin of 33.4% (a 56 basis point improvement). The company swung to a profit of ₹7.2 crore compared to a ₹5.8 crore loss a year ago. RevPAR grew 12% in Bangalore, 13% in Chennai, and a sharp 44% in GIFT City, with F&B revenue rising 32% YoY. The company used IPO proceeds to fully repay ₹468 crore of institutional debt, leaving net debt at ₹617 crore against a strong liquidity position. Management outlined plans to add nine new hotels (mostly luxury brands like Grand Hyatt, InterContinental, Ritz-Carlton) over the next 4–5 years, roughly doubling the room inventory, with capex of ₹65 lakh per key for mid-scale and ₹1.75–2 crore per key for luxury properties.
Positive for shareholders: the company posted a solid post-listing earnings beat with margin expansion, returned to profitability, and is deleveraged with a clear luxury-focused growth roadmap. Investors should note the execution risk of a significant expansion pipeline, though near-term demand visibility remains healthy.