Brigade Hotel Ventures Limited reported a 140 per cent year-on-year increase in consolidated profit after tax (PAT) to ₹17 crore in Q1 FY27, compared to ₹7 crore in the corresponding quarter last year, driven by stronger room revenues, improved operating performance and lower finance costs.
The company’s consolidated revenue rose 5 per cent to ₹131 crore during the quarter, while operating EBITDA increased 9 per cent year-on-year to ₹46 crore.
Operationally, the company recorded a 7 per cent increase in Average Room Rate (ARR) to ₹7,241, while RevPAR grew 9 per cent to ₹5,479. Occupancy for the quarter stood at 75.7 per cent. Food and beverage revenue, however, declined to ₹42 crore from ₹47 crore in Q1 FY26.
Bengaluru remained the key growth market for the company, with RevPAR rising 10 per cent year-on-year to ₹7,099. The performance was supported by an ARR of ₹8,435 and occupancy of 84.2 per cent.
Commenting on the results, 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 and MICE activity, air travel disruptions and a quiet events calendar weighing on banqueting and F&B.”
She added that room revenue remained the primary growth driver, supported by strong pricing power and occupancy gains, particularly 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,” she said.
During the quarter, the company also completed the rebranding of its Kochi Infopark property to Courtyard by Marriott Kochi Airport, while the launch of Courtyard by Marriott at WTC Chennai remains on track for Q3 FY27.
Brigade Hotel Ventures said it remains focused on its long-term growth strategy, including plans to double its room inventory and build a diversified portfolio across luxury, leisure and business hospitality segments.
