Brigade Hotel Ventures Limited (BVHL) reported a remarkable 140% rise in consolidated net profit to ₹17 crore in the June quarter, compared to ₹7 crore in the corresponding quarter last year. According to reports from Rediff Moneynews, this sharp profit increase was primarily driven by debt repayment that reduced finance costs and improved operational efficiency. The hotel company, which is a subsidiary of Brigade Enterprises, demonstrated strong financial performance despite challenging market conditions.
The company's consolidated revenue from operations rose 5% to ₹131 crore in the June quarter from ₹125 crore in Q1 FY26, as reported by Rediff Moneynews. However, the revenue growth was accompanied by mixed operational performance across different segments. Food and beverage (F&B) revenue declined more than 10% to ₹42 crore from ₹47 crore in Q1 FY26, reflecting moderation in banqueting and F&B demand due to softer corporate and MICE demand, air travel disruptions, and inflationary pressures.
Despite F&B challenges, room revenue remained the key driver of performance with significant improvements in key metrics. According to Rediff Moneynews, the average room rate (ARR) increased 7% to ₹7,241 from ₹6,761, while occupancy reached 75.7%, contributing to a 9% rise in revenue per available room (RevPAR). Bengaluru emerged as the primary growth driver, with RevPAR increasing 10% year-on-year to ₹7,099, supported by high occupancy levels of 84.2%. The growth was further enhanced by ARR improving to ₹8,435 from ₹8,223 year-on-year, demonstrating strong pricing power in the market.
Earnings before interest, taxes, depreciation and amortisation (Ebitda) increased 9% to ₹45.5 crore in Q1 FY27 from ₹41.8 crore in Q1 FY26, as reported by Rediff Moneynews. The operating Ebitda margin expanded by 140 basis points year-on-year to 34.8% from 33.4%, driven by Brigade Hotel's continued focus on cost discipline and productivity-led initiatives. Looking ahead, the company expects business travel demand to recover as the events calendar picks up through the rest of FY27, positioning itself for sustained growth across its portfolio of nine chain-affiliated hotels with 1,604 keys across various Indian cities.
The quarter marked significant strategic developments for Brigade Hotel Ventures with the rebranding of the Kochi Infopark property to Courtyard by Marriott, as reported by Rediff Moneynews. Managing Director Nirupa Shankar noted that Q1 FY27 reflected steady, broad-based improvement across the portfolio with resilient domestic demand despite challenging conditions. The company remains focused on expansion plans of doubling its keys and building a diversified portfolio across luxury, leisure, and business segments. Additionally, the launch of Courtyard by Marriott at WTC Chennai is scheduled for Q3 FY27 (October-December), indicating continued growth momentum and strategic expansion in key markets.
