Brigade Hotel Ventures Ltd. (BHVL), the hospitality arm of Brigade Group, posted a strong financial performance in the third quarter of FY26, driven by robust domestic travel demand and healthy pricing trends.
The company reported consolidated revenue of INR143 crore in Q3FY26, marking a 14% year-on-year increase. Profit after tax more than doubled to INR22 crore, up 126% from ₹10 crore in the same period last year. Revenue from operations rose to INR 139 crore, while EBITDA grew 17% year-on-year to INR51 crore.
Operational metrics remained strong during the quarter. Average Room Rate (ARR) increased 17% year-on-year to INR7,852, while RevPAR rose to INR5,973, supported by an occupancy level of 76.1%. Bengaluru continued to be the key growth driver, with ARR rising 19% to INR9,429 and RevPAR increasing to INR7,202. Food and beverage revenue grew modestly to INR46 crore in Q3FY26.
For the nine months ended December 2025, BHVL reported consolidated revenue of INR398 crore, a growth of 19% over the same period last year. PAT rose sharply to INR40 crore compared to INR11 crore in 9MFY25, while EBITDA stood at INR135 crore, up 17%. ARR for the period improved 13% to INR7,246, with occupancy at 75.4% and RevPAR at INR5,465.
Commenting on the results, Nirupa Shankar, Managing Director, Brigade Hotel Ventures Ltd., said the performance was supported by sustained demand across corporate, leisure, weddings and MICE segments, along with limited new supply in core markets. She added that growth going forward will be driven by existing hotels, expanded F&B offerings and the ramp-up of new properties including Grand Mercure Ahmedabad GIFT City and ibis Styles Mysuru, alongside a pipeline of nine upcoming hotels across luxury and upscale segments.
