Brigade Hotel Ventures Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,009 Cr
- P/E
- 29.47
- ROE
- 11.22%
- PEG
- 0.40
- Price to sales
- 3.81
- Debt to equity
- 0.32
- 52W high / low
- ₹83.8 / ₹51.0
- EBITDA margin
- 33.08%
- Net profit margin
- 12.32%
- Promoter holding
- 74.09%
- Sales (last year)
- ₹528 Cr
Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India.[1]
Guidance scorecard · Q2 FY27 call
What Brigade Hotel Ventures Ltd's management guided
and where it ranks in Leisure Services
RevenueQ4 FY26 call
10–20%- Brigade Hotel Ventures projects steady future growth supported by strong domestic demand across leisure, corporate, and weddings.
- Planned capex of approximately INR 3,600 crores, with INR 400 crores already invested by FY '26, fueling expansion.
- Internal accruals expected to contribute over INR 1,000 crores, driven by steady ARR growth and operating leverage.
- Average daily rate (ADR) of portfolio hotels currently ~INR 7,500; expected to exceed INR 10,000 by FY '29 and surpass INR 14,000 by FY '31.
- Commissioning of new luxury properties through FY '29 and beyond will improve pricing, margins, and cash flows.
2 more points from Brigade Hotel Ventures Ltd's call on revenue
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MarginsQ4 FY26 call
Up 2%+See what Brigade Hotel Ventures Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Planned capex of approximately INR 3,600 crores, with INR 400 crores already invested by FY '26.
- Capex funded through a balanced mix of debt (around 60%) and internal accruals (remainder).
- Internal accruals expected to contribute over INR 1,000 crores in coming years, driven by ARR growth and operating leverage.
- Hotel upgrade underway: Kochi property being upgraded from 'Four Points by Sheraton' to 'Courtyard by Marriott' brand, expected soon.
- New hotel launch planned: Courtyard by Marriott in Chennai, a 45-key hotel in World Trade Center, targeted for Q3 FY '27.
2 more points from Brigade Hotel Ventures Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Brigade Hotel Ventures Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- The company has a strong development pipeline giving clear visibility on expansion.
- Planned capex of approximately INR 3,600 crores, with INR 400 crores already invested in FY '26.
- Around 60% of capex to be financed through borrowings; remainder through internal accruals.
- Internal accruals expected to contribute over INR 1,000 crores in coming years.
2 more points from Brigade Hotel Ventures Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Leisure Services
on management's own guidance
- Jubilant Foodworks LtdGood growth2
- Landmark Global Learning LtdGood growth1
- Le Travenues Technology LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Leisure Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Landmark Global Learning Ltd | 20–40% | Up 2%+ | ₹21 Cr | — |
| 2 | Jubilant Foodworks Ltd | 20–40% | Flat | ₹27,579 Cr | 72.4 |
| 3 | Le Travenues Technology Ltd | 20–40% | Flat | ₹6,423 Cr | 54.1 |
| 4 | 20–40% | Flat | ₹6,285 Cr | 2553.3 | |
| 5 | 20–40% | Flat | ₹4,827 Cr | 20.4 | |
| 6 | 20–40% | Flat | ₹2,741 Cr | 215.1 |
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Pro shows every company guiding 40%+ revenue growth →Full Leisure Services rankingFinancials of Brigade Hotel Ventures Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Brigade Hotel Ventures Ltd
Shareholding breakup across reporting periods.
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Promoters + | 74.09% | 74.09% | 74.09% | 74.09% | 74.09% |
| FIIs + | 1.33% | 0.84% | 0.67% | 0.81% | 0.78% |
| DIIs + | 19.59% | 20.12% | 20.02% | 19.82% | 19.25% |
| Public + | 4.99% | 4.94% | 5.21% | 5.27% | 5.87% |
| No. of Shareholders | 45,681 | 41,645 | 39,595 | 39,091 | 40,090 |
Financials of Brigade Hotel Ventures Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 102 | 108 | 124 | 134 | 124 | 126 | 139 | 136 | 127 | 138 |
| Expenses + | 69 | 71 | 81 | 84 | 83 | 89 | 91 | 88 | 85 | 90 |
| Operating Profit | 33 | 37 | 43 | 50 | 41 | 37 | 47 | 49 | 42 | 48 |
| OPM % | 33% | 35% | 35% | 38% | 33% | 30% | 34% | 36% | 33% | 35% |
| Other Income + | 0 | 0 | 1 | 1 | 1 | 4 | 4 | 9 | 4 | 4 |
| Interest | 18 | 18 | 17 | 19 | 19 | 14 | 9 | 10 | 9 | 10 |
| Depreciation | 10 | 11 | 14 | 14 | 13 | 14 | 13 | 14 | 14 | 13 |
| Profit before tax | 5 | 9 | 13 | 18 | 10 | 14 | 29 | 34 | 23 | 29 |
| Tax % | 219% | 25% | 24% | 27% | 26% | 25% | 25% | 26% | 25% | 25% |
| Net Profit + | -6 | 7 | 10 | 13 | 7 | 11 | 22 | 25 | 17 | 22 |
| EPS in Rs | -0.17 | 0.19 | 0.30 | 0.40 | 0.22 | 0.24 | 0.53 | 0.60 | 0.42 | 0.52 |
Financials of Brigade Hotel Ventures Ltd
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales + | 350 | 402 | 468 | 525 | 540 |
| Expenses + | 253 | 258 | 304 | 351 | 355 |
| Operating Profit | 97 | 143 | 165 | 174 | 186 |
| OPM % | 28% | 36% | 35% | 33% | 34% |
| Other Income + | 17 | 1 | 2 | 18 | 21 |
| Interest | 69 | 69 | 73 | 52 | 38 |
| Depreciation | 49 | 44 | 50 | 54 | 54 |
| Profit before tax | -5 | 32 | 45 | 86 | 115 |
| Tax % | -32% | 3% | 47% | 25% | |
| Net Profit + | -3 | 31 | 24 | 65 | 86 |
| EPS in Rs | -38.40 | 248.70 | 0.72 | 1.54 | 2.07 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Brigade Hotel Ventures Ltd
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 281 | 380 | 380 |
| Reserves | -241 | -216 | -196 | 578 | 615 |
| Borrowings + | 982 | 1,001 | 759 | 309 | 382 |
| Other Liabilities + | 99 | 100 | 103 | 115 | 139 |
| Total Liabilities | 841 | 887 | 948 | 1,382 | 1,516 |
| Fixed Assets + | 628 | 652 | 732 | 906 | 927 |
| CWIP | 29 | 72 | 20 | 96 | 193 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 183 | 163 | 196 | 381 | 396 |
| Total Assets | 841 | 887 | 948 | 1,382 | 1,516 |
Financials of Brigade Hotel Ventures Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 108 | 155 | 149 | 200 |
| Cash from Investing Activity + | 1 | -45 | -95 | -464 |
| Cash from Financing Activity + | -132 | -92 | -82 | 308 |
| Net Cash Flow | -23 | 17 | -28 | 44 |
| Free Cash Flow | 110 | 100 | 54 | -61 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 113% | 109% | 94% | 113% |
Financials of Brigade Hotel Ventures Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 22 | 20 | 18 | 16 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 22 | 20 | 18 | 16 |
| Working Capital Days | -160 | -74 | -106 | -53 |
| ROCE % | 13% | 14% | 13% |
Guidance history
How Brigade Hotel Ventures Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Up 2%+ | Planned | Planned | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
11 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −36.7% | 16% |
| Last 6 months | −21.4% | 19% |
| Last 3 months | −11.1% | 42% |
The price is 41.8% below its all-time high of ₹90.83 (19 Aug 2025). Stocks more than 20% below their peak have their score halved, so 22 became 11.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Brigade Hotel Ventures Ltd: 0.4 × 16 + 0.4 × 19 + 0.2 × 42 = 22, halved to 11 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Brigade Hotel Ventures Ltd's management said in earlier quarters
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