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Brigade Hotel

Q1 FY26Leisure Services

Brigade Hotel Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Price₹59
Market cap₹2.3K Cr
P/E33.3
Updated23 Aug 2026
Read5 min read

The short version

Q1 FY26 showed a 22.3% increase in consolidated income compared to Q1 FY25, indicating strong top-line growth. Brigade Hotel Ventures Limited reported a 22.3% increase in consolidated income and 24.4% growth in EBITDA for Q1 FY ’26 compared to Q1 FY ’25. - EBITDA margin improved by 56 basis points to 33.4%. - The company anticipates continued growth supported by sustained corporate and MICE demand, event-driven spikes, festival travel, and longer leisure stays. - New premium and luxury hotels in the pipeline (e.g., Grand Hyatt, Ritz-Carlton) are expected to raise average room rates and RevPAR significantly. - Operational breakeven for new hotels is targeted by quarter two or three post-opening, with debt repayment expected by the third year. - ADR growth is expected in the low double digits year-on-year for existing hotels; new premium properties could command much higher rates (e.g., Rs.

From Brigade Hotel's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Q1 FY26 showed a 22.3% increase in consolidated income compared to Q1 FY25, indicating strong top-line growth.
  • EBITDA grew 24.4% year-on-year with margins improving by 56 basis points.
  • RevPAR growth of 12%-13% in Bangalore and Chennai markets; 44% growth in GIFT City market, Gujarat.
  • New hotel openings (nine in pipeline) expected to double total room keys in 4-5 years, driving revenue growth.
  • Portfolio shifting towards more premium and luxury hotels, which are expected to command significantly higher average daily rates (ADR).
  • ADR growth anticipated in the low double-digit range year-on-year.
  • Focus on expanding Food & Beverage (F&B) revenue, which rose 32% year-on-year and is expected to grow further.

2 more points from Brigade Hotel's call on revenue

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Profitability & Margins

See what Brigade Hotel said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Brigade Hotel Ventures plans to add nine new hotels, doubling their total key count over the next 4-5 years.
  • Capital expenditure (CAPEX) for these hotels varies:
  • Fairfield brand: Approx. Rs. 60-65 lakhs per key.
  • Higher-end hotels (Grand Hyatt, InterContinental, Ritz-Carlton): Rs. 1.75-2 crores per key.
  • Funding strategy includes a mix of debt and internal accruals.
  • The company has a strong liquidity position with INR 16 crores in cash and has repaid INR 468 crores of institutional debt post IPO.
  • They emphasize prudent execution of growth strategy with a robust development pipeline.

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Top-ranked in Leisure Services

Ranked on what management guided this quarter

Guidance-ranked
Rev 2Mar 1
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Brigade Hotel said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Brigade Hotel Ventures Limited has a robust development pipeline with plans to add nine new hotels over the next four to five years.
  • The company aims to double its total room count in this period.
  • Hotels in the pipeline are primarily in upscale, 4-star, 5-star, and 5-star deluxe categories.
  • Construction costs vary from approximately Rs. 65 lakhs per key for brands like Fairfield, up to Rs. 1.75 to 2 crores per key for luxury brands such as Grand Hyatt, InterContinental, and Ritz-Carlton.
  • Funding for the pipeline will come from a combination of debt and internal accruals.

2 more points from Brigade Hotel's call on order book

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Brigade Hotel — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹138 Cr, net profit ₹22 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Others in Leisure Services this season

  • ITC Hotels (Q1 FY26)

    Standalone Revenue from Operations for Q1 FY26: ₹744 crore, up 14% YoY; Total Revenue: ₹783 crore, up 20% YoY (Page 36) . Key concall takeaways from ITC Hotels…

  • EIH Associated Hotels Ltd (Q1 FY26)

    Revenue from Operations for Q1 FY26: Rs 68.7 Crores, up from Rs 64.5 Crores in Q1 FY25 (year-on-year growth of ~6.5%). Key concall takeaways from EIH…

  • Easy Trip Planners Ltd (Q1 FY26)

    Q1 FY26 Gross Booking Revenue (GBR): INR 2,065.8 crore, reflecting a 151.0% year-on-year increase in Dubai operations and strong growth overall (page 5, 7…

  • Praveg Ltd (Q1 FY26)

    Q1 FY26 consolidated total income: ₹39.86 Cr, up 61.50% from Q1 FY25 ₹24.68 Cr (Page 5, 6, 7). Key concall takeaways from Praveg Ltd's Q1 FY26 earnings call…

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Frequently Asked Questions

What were Brigade Hotel Q1 FY26 results?

Q1 FY26 showed a 22.3% increase in consolidated income compared to Q1 FY25, indicating strong top-line growth. Brigade Hotel Ventures Limited reported a 22.3% increase in consolidated income and 24.4% growth in EBITDA for Q1 FY ’26 compared to Q1 FY ’25. - EBITDA margin improved by 56 basis points to 33.4%. - The company anticipates continued growth supported by sustained corporate and MICE demand, event-driven spikes, festival travel, and longer leisure stays. - New premium and luxury hotels in the pipeline (e.g., Grand Hyatt, Ritz-Carlton) are expected to raise average room rates and RevPAR significantly. - Operational breakeven for new hotels is targeted by quarter two or three post-opening, with debt repayment expected by the third year. - ADR growth is expected in the low double digits year-on-year for existing hotels; new premium properties could command much higher rates (e.g., Rs.

What is Brigade Hotel share price analysis?

Brigade Hotel currently shows a neutral. The stock trades at a P/E of 33.2 with a market cap of ₹2,266 Cr. Investors should review the full earnings analysis for detailed insights.

Is Brigade Hotel planning capital expenditure?

Brigade Hotel Ventures plans to add nine new hotels, doubling their total key count over the next 4-5 years. - Capital expenditure (CAPEX) for these hotels varies: - Fairfield brand: Approx.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.