Brigade Hotel Ventures Ltd — earnings calls

Brigade Hotel Ventures reported Q1 FY27 consolidated total income of INR131 crores, up 5% year-on-year, with EBITDA of INR46 crores and profit after tax of INR17 crores, up 140% from INR7 crores a year earlier. Management attributed the quarter's F&B softness to cancellation and postponement of MICE events linked to the West Asia conflict, while room revenue was supported by a shift toward domestic corporate and social event demand. The company also announced a leadership change, with incoming CEO Vinay Gupta replacing outgoing COO Manoj Agarwal, and outlined a pipeline to expand the portfolio to 3,300 keys by FY31.

Brigade Hotel Ventures reported Q4 FY'26 total income growth of 8% year-on-year to INR146 crores, with EBITDA up 13% to INR58 crores and PAT rising to INR25 crores from INR13 crores a year earlier. For the full year, total income and EBITDA both grew 15% while PAT increased 174% to INR65 crores from INR24 crores. Management attributed the quarter's performance to ARR growth of 7%, stable occupancy at 78%, cost efficiency measures, and lower finance costs from debt reduction, while noting cancellations linked to geopolitical conflict and a gas supply disruption affected F&B revenue.