India · Delayed Price · Currency is INR Brigade Hotel Ventures Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 delivered strong growth in ADR, occupancy, and profit, driven by a pivot to domestic demand amid geopolitical disruptions. Deleveraging post-IPO improved margins, and robust CapEx plans support expansion. Outlook remains positive with buoyant bookings and new launches expected.
Fiscal Year 2026
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FY 2026 delivered robust growth with EBITDA up 15% and PAT up 174% year-over-year, driven by strong domestic demand and disciplined execution. Q4 saw stable occupancy at 78% and ARR growth, despite F&B softness from international travel disruptions. CapEx plans and ADR growth targets remain on track.
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Q3 FY26 saw 14% YoY income growth and 17% EBITDA rise, with strong occupancy and RevPAR gains. Expansion plans target doubling keys by FY30, backed by INR 3,600 crores CapEx, while GST impact is expected to ease as ADRs rise. Net cash position remains robust.
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Q2 FY 2026 saw 20% income growth and 58% PAT growth year-on-year, with strong ARR and RevPAR gains across key markets. Expansion plans are on track, with CapEx primarily back-ended and luxury additions expected to boost ARR by FY 2028-2029.
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Revenue and EBITDA grew 22% and 24% year-over-year, with strong RevPAR gains in key markets and a 32% surge in F&B revenue. Nine new hotels are planned, funded by IPO proceeds and cash flows, with a strategic shift toward premium properties and robust liquidity post-IPO.