Brigade Hotel Ventures Q2 Results: Net profit doubles as ARR rises 11% and RevPAR up 10%

Brigade Hotel Ventures Ltd on Monday (October 26) reported a year-on-year (YoY) increase in consolidated net profit to ₹22 crore for the second quarter of FY27, compared with ₹11 crore in the corresponding quarter last year.

Revenue from operations rose 10% YoY to ₹138.2 crore from ₹126 crore in Q2 FY26.



Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 29.4% to ₹48.17 crore from ₹37.22 crore. The EBITDA margin expanded to 34.85% from 29.61% in the year-ago quarter.

Food and Beverage

Food and beverage (F&B) revenue stood at ₹46 crore in Q2 FY27, compared with ₹42 crore in Q2 FY26, registering a growth of 10%.

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Average room revenue (ARR) increased 11% YoY to ₹7,876 from ₹7,106, while revenue per available room (RevPAR) rose 10% to ₹5,922 from ₹5,374. Occupancy stood at 75.2% during the quarter.

In Bengaluru, ARR grew 8% YoY to ₹9,422 from ₹8,738. RevPAR increased 12% to ₹7,611 from ₹6,807 in Q2 FY26.

H1 FY27

For the first half of FY27, the company reported consolidated total revenue of ₹273 crore, up 7% from H1 FY26. Consolidated profit after tax (PAT) rose 122% to ₹39 crore from ₹18 crore in the corresponding period last year.

Consolidated revenue from operations stood at ₹265 crore, compared with ₹250 crore in H1 FY26. EBITDA increased 18% year-on-year to ₹98 crore. F&B revenue stood at ₹88 crore in H1 FY27, compared with ₹89 crore in H1 FY26.

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For H1 FY27, ARR increased 9% year-on-year to ₹7,559, while occupancy stood at 75.4%. RevPAR rose to ₹5,702 from ₹5,209 in H1 FY26. The company said performance during the period was supported by the quality of its assets, brand positioning and execution across markets.

Nirupa Shankar, Managing Director, Brigade Hotel Ventures Ltd said, "We are pleased with our Q2 FY27 performance despite West Asia crisis uncertainties. We delivered a double-digit growth in revenue and a greater than 100% increase in PAT.

RevPAR. EBITDA saw a 26% increase over the same quarter last year. After a muted Q1, MICE activity picked up meaningfully, with a large electronics conference in Bengaluru lifting both rooms and F&B.

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We enter H2 with confidence. October trends and enquiries point to a strong Q3, supported by festive, wedding and MICE demand. We are on track to launch Courtyard by Marriott Chennai World Trade Centre and are actively evaluating acquisition opportunities.

With a strong development pipeline and a growing share of luxury and upper-upscale hotels, we remain on track to double our portfolio by FY30, with a meaningful uplift in ARR along the way."

Shares of Brigade Hotel Ventures Ltd ended at ₹51.00, down by ₹0.070, or 0.14%, on the BSE.