Hospitality firm Brigade Hotel Ventures Ltd (BHVL) on Friday (October 24) reported a net profit of ₹11 crore, up 58% from ₹7 crore a year earlier, supported by steady business growth, lower finance costs, and reduced tax expenses.
The company reported total revenue of ₹130 crore in Q2 FY26, up 20% from ₹108 crore in the same quarter last year. Revenue from operations came in at ₹126 crore, while EBITDA rose 9% year-on-year to ₹41 crore.
Food and beverage (F&B) revenue grew 14% to ₹42 crore from ₹37 crore in Q2 FY25. The company’s average room rate (ARR) rose 14% to ₹7,106 from ₹6,247, and Revenue Per Available Room (RevPAR) increased 13% year-on-year to ₹5,374, supported by healthy occupancy of 75.6%.
Also Read: Brigade Hotel expands footprint beyond South India, eyes religious tourism
Bengaluru remained the key growth driver, with ARR up 19% year-on-year to ₹8,738 from ₹7,316 and RevPAR improving to ₹6,807 from ₹5,959. The newly operational ibis Styles Mysuru, launched in Q3 FY25, is ramping up well with strong occupancy levels.
For the first half of FY26, Brigade Hotel Ventures reported total revenue of ₹255 crore, up 21% from ₹210 crore in H1 FY25. PAT surged to ₹18 crore from ₹1 crore a year ago. Revenue from operations stood at ₹250 crore, while EBITDA rose 16% to ₹83 crore.
F&B revenue for H1 FY26 reached ₹89 crore, marking 24% growth from ₹72 crore in the previous year. ARR for the six-month period grew 10% to ₹6,936, with occupancy at 75.1%, resulting in a RevPAR of ₹5,209 compared to ₹4,713 in H1 FY25.
Also Read: Brigade Hotel Ventures shares set to react to their first quarterly result after listing
Nirupa Shankar, Managing Director of Brigade Hotel Ventures Ltd, said, “We have planned a total investment of around ₹3,600 crores to add 9 new hotels (around 1,700 keys), thereby doubling our portfolio to 18 hotels (around 3,300 keys) by FY30.
Looking ahead, we remain focused on driving RevPAR growth across the existing portfolio while expanding our footprint. We expect 45 keys to become operational in FY27. We are committed to strengthening our footprint in high-potential geographies, backed by a healthy pipeline of new keys and robust brand partnerships.
Our emphasis on driving RevPAR through enhanced pricing strategies, guest experience, and asset optimisation remains central to our approach. We will continue to build on our strong foundation with a clear focus on strategic growth, operational excellence, and market expansion.”
Also Read: Brigade Hotel Ventures IPO opens today: Should you subscribe to the ₹760 crore issue?
