Brigade Hotel Ventures Limited (BHVL), the hospitality arm of the Brigade Group, reported a strong second quarter for FY26, driven by robust business performance and lower finance and tax expenses.

The company recorded total revenue of Rs 1.3 billion in Q2 FY26, marking a 20 per cent increase over Q2 FY25. Profit after tax (PAT) rose 58 per cent year-on-year to Rs 110 million, compared to Rs 70 million in the same quarter last year.

Revenue from operations stood at Rs 1.26 billion, up from Rs 1.08 billion, while EBITDA reached Rs 410 million, a 9 per cent increase year-on-year.

Food and Beverage (F&B) revenue grew 14 per cent to Rs 420 million, compared to Rs 370 million in Q2 FY25. The Average Room Rate (ARR) rose 14 per cent year-on-year from Rs 6,247 to Rs 7,106, while Revenue per Available Room (RevPAR) increased 13 per cent to Rs 5,374, with healthy occupancy levels of 75.6 per cent.

Bengaluru remained the strongest performer, with ARR up 19 per cent to Rs 8,738 and RevPAR up 14 per cent to Rs 6,807. The ibis Styles Mysuru, operational since Q3 FY25, reported a ramp-up with 61.4 per cent occupancy.

H1 FY26 Performance

For the first half of FY26, BHVL reported total revenue of Rs 2.55 billion, up 21 per cent from the previous year. PAT rose sharply to Rs 180 million, compared to Rs 10 million in H1 FY25.

Revenue from operations was Rs 2.5 billion, while EBITDA grew 16 per cent to Rs 830 million. F&B revenue climbed 24 per cent to Rs 890 million. ARR increased 10 per cent year-on-year to Rs 6,936, with occupancy at 75.1 per cent, resulting in a RevPAR of Rs 5,209 versus Rs 4,713 a year earlier.

The company’s partnerships with leading hospitality brands continued to enhance guest experience and operational efficiency.

Strategic Outlook

Commenting on the results, Ms. Nirupa Shankar, Managing Director, Brigade Hotel Ventures Limited, said:

“BHVL delivered a strong Q2 with revenue up 20 per cent year-on-year to Rs 1.3 billion, EBITDA of Rs 410 million, and PAT of Rs 110 million, supported by robust performance and lower finance costs. Our focus on enhancing ARR and driving RevPAR has yielded excellent results, with ARR up 14 per cent and RevPAR up 13 per cent, backed by steady occupancy.”

“We have planned an investment of around Rs 36 billion to add nine new hotels (about 1,700 keys), doubling our portfolio to 18 hotels (approximately 3,300 keys) by FY30. We expect 45 keys to become operational in FY27. Our strategy centres on strengthening our footprint in high-potential markets, enhancing guest experience, and optimising assets to drive sustained growth and profitability.”