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Brigade Hotel Ventures Ltd reported a 140 per cent year-on-year increase in its consolidated profit after tax for the first quarter of FY27, supported by steady operational performance across its hospitality portfolio. Revenue also recorded a modest increase during the quarter, while Bengaluru remained the company's strongest-performing market with higher Revenue Per Available Room (RevPAR), average room rates and healthy occupancy levels. The company also continued to expand its hospitality portfolio through property rebranding and upcoming hotel launches, while maintaining its focus on doubling its room inventory across luxury, leisure and business segments.
Brigade Hotel Ventures Ltd has reported a 140 per cent year-on-year increase in its consolidated profit after tax (PAT) to INR 17 crore for the first quarter ended June of FY27, compared to INR 7 crore recorded in the corresponding quarter of the previous financial year.
According to the company's regulatory filing, consolidated total revenue rose to INR 131 crore during the April-June quarter, up from INR 125 crore reported in the same period last year.
Bengaluru continued to be the company's strongest-performing market during the quarter. Revenue Per Available Room (RevPAR), a key hospitality performance metric, increased by 10 per cent year-on-year to INR 7,099, compared with INR 6,437 in the corresponding quarter of FY26.
The improvement was supported by higher Average Room Rate (ARR), which increased to INR 8,435 from INR 8,223 a year earlier. Occupancy across the portfolio remained strong at 84.2 per cent, reflecting stable demand despite a mixed operating environment.
Managing Director Nirupa Shankar said the first quarter of FY27 witnessed steady and broad-based improvement across the company's hotel portfolio. She noted that domestic travel demand remained resilient even as softer corporate and Meetings, Incentives, Conferences and Exhibitions (MICE) activity, disruptions in air travel and a relatively quiet events calendar affected banquet and food and beverage revenues during the quarter.
She further said the company continues to focus on its expansion strategy, with plans to double its room inventory while building a diversified hospitality portfolio across the luxury, leisure and business segments.
As part of its expansion initiatives, Brigade Hotel Ventures also rebranded its Kochi Infopark property as Courtyard by Marriott during the quarter. The company is also scheduled to launch Courtyard by Marriott at WTC Chennai in the third quarter of FY27, covering the October-December period.
Brigade Hotel Ventures, part of the Brigade Group, owns and operates hotels through partnerships with global hospitality brands including Marriott International, Accor and InterContinental Hotels Group. The company has been expanding its presence across key business and leisure destinations in South India as it looks to strengthen its hospitality portfolio amid continued growth in India's travel and tourism sector.
Source PTI
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