Realty firm Brigade Enterprises Ltd reported a 5% decline in pre-sales to ₹7,424 crore for FY26, compared to ₹7,847 crore in the previous year. According to reports from Outlook Business and ETMarkets, the decline was primarily attributed to delays in securing approvals for residential project launches. Managing Director Pavitra Shankar explained that many project launches were pushed to the latter half of Q4 and some moved into FY27 due to approval delays. As per the company's transcript uploaded on BSE on May 11, she stated that "For Brigade, FY26 pre-sales was ₹7,424 crore, which is 5 per cent lower than FY25. This was primarily on account of delays in obtaining approvals."
Despite the challenges, new launches contributed 43% of full-year pre-sales despite being concentrated in the back end of the year. As reported by Outlook Business and ETMarkets, the company ended FY26 with 8.3 million square feet of new launches versus the planned 12 million square feet. Approximately 3.3 million square feet that was pushed into FY27 was in Chennai projects. Managing Director Pavitra Shankar confirmed that "We ended the year with 8.3 million square feet of new launches in FY26 versus the plan of 12 million square feet. Around 3.3 million square feet that got pushed into FY27 was in Chennai."
On the financial front, Brigade Enterprises reported a net profit increase to ₹724.76 crore in FY26 from ₹680.47 crore in the preceding year. According to Outlook Business and ETMarkets, total income increased to ₹5,909 crore in the last fiscal from ₹5,313.54 crore in 2024-25. The company's average realization increased 9% year-on-year to ₹12,107 per square foot through disciplined pricing increases and positive shift towards higher-value homes. As per the company's transcript, this was achieved with "disciplined pricing increases in our existing projects and a positive shift in our product mix towards higher-value homes."
The board of directors recommended a final dividend of ₹2 per equity share (20%) on a face value of ₹10 each for 2025-26. As reported by Outlook Business and ETMarkets, the board also recommended a bonus issue of 1:3, meaning one additional equity share of ₹10 each for every three equity shares held by shareholders as on the record date, subject to member approval. The company's transcript confirms that "The board also recommended a bonus issue of 1:3, i.e. one additional equity share of ₹10 each, fully paid-up for every three equity shares held by shareholders as on the record date, subject to the approval of the members of the company."
Non-resident Indians (NRIs) contributed 10% to the total pre-sales achieved in the last fiscal, according to Outlook Business and ETMarkets. Brigade Group, established in 1986, is one of India's leading real estate developers with projects across Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Thiruvananthapuram and GIFT City, spanning residential, office, retail, hospitality and education sectors. The company has developed many projects across these cities and maintains a presence across the residential, office and retail segments of the real estate industry.
