Embassy Developments Targets Rs 80 bn Pre Sales In FY27

17 Jun 2026 CW Team

Embassy Developments said it is targeting Rs 80 billion (Rs 80 bn) of pre-sales in 2026-27 as housing demand remains strong across major cities and the company seeks to capitalise on market momentum. The managing director indicated that the firm recorded a 128 per cent rise in sales bookings in 2025-26 to Rs 46.31 bn, which was slightly short of its annual guidance but reflected robust consumer interest.

The company reported that demand is particularly resilient for well-designed and high-quality residential properties sold by branded developers with proven execution. The target includes sales bookings of Rs 20 bn from two development management projects in which the firm will build and sell apartments and receive 10 per cent of revenue as a fee. To meet the fiscal target, the group plans to launch nearly Rs 195 bn worth of homes across Bengaluru, the Mumbai metropolitan region and Delhi-NCR.

Embassy Developments noted that it holds around Rs 110 bn of inventory in ongoing projects and that domestic end-user demand remains intact despite slower investment buying linked to conditions in West Asia. The firm highlighted that the main impact has been on the availability and price of certain building materials, particularly tiles, and said rising input costs have caused a short-term compression in profit margins. Management indicated it has some cushion to absorb cost increases.

The company said it has secured favourable outcomes in key legal and regulatory matters, including the setting aside of insolvency proceedings by the National Company Law Appellate Tribunal, which should ease shareholder concerns. Financial results showed a net loss of Rs 8.72 bn in 2025-26 against a profit of Rs 1.94 bn in the preceding year while total income declined to Rs 19.05 bn from Rs 25.47 bn, and management expects revenue recognition to strengthen going forward. The firm reported a land bank of more than 3,000 acres and a portfolio of nearly 40 million (40 mn) square feet.

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