Brigade Hotel Ventures Ltd. (BHVL), the hospitality arm of the Brigade Group, has reported a consolidated total revenue of ₹143 crore in Q3 FY26, a growth of 14% over Q3 FY25. PAT stood at ₹22 crores in Q3 FY26 compared to ₹10 crores, a growth of 126% over the previous comparable period. Revenue from operations stood at ₹139 crores in Q3 FY26, compared to ₹124 crores in Q3 FY25. EBITDA stood at ₹51 crores in Q3 FY26, a growth of 17% over Q3FY25.
F&B and Operating Metrics (Q3 FY26)
F&B revenue stood at ₹46 crore in Q3 FY26 compared to ₹44 crore in Q3 FY25, a growth of 4%. ARR for the quarter Q3 FY26 grew 17% YoY from ₹6,708 to ₹7,852, while RevPAR rose 17% YoY from ₹5,085 to ₹5,973, with occupancy touching 76.1%. Bengaluru continued to lead the growth story with ARR up 19% YoY from ₹7,931 to ₹9,429 and RevPAR increasing from ₹6,077 to ₹7,202.
9M FY26 Financial Highlights
The Company reported a consolidated total revenue of ₹398 crore in 9M FY26, a growth of 19% over 9M FY25. PAT stood at ₹40 crores in 9M FY26 compared to ₹11 Crs. in 9M FY25. Revenue from operations stood at ₹389 crores, compared to ₹334 crores in 9M FY25. EBITDA stood at ₹135 crores, a growth of 17% over 9M FY25.
F&B and Key Metrics (9M FY26)
F&B revenue stood at ₹135 crore in 9M FY26 compared to ₹116 crore in 9M FY25, a growth of 16%. For 9M FY26, ARR increased 13% YoY to ₹7,246, with occupancy at 75.4%, leading to a RevPAR of ₹5,465, up from ₹4,866 in 9M FY25. Performance during the period was supported by the quality of the company’s assets, strong brand positioning, and consistent execution across markets.
Management Commentary and Outlook
Commenting on the financial performance, Nirupa Shankar, Managing Director, Brigade Hotel Ventures Ltd., said: “Brigade Hotel Ventures performance was supported by sustained domestic travel demand, with corporate and leisure travel, along with continued strength in weddings and MICE activity. Limited new supply in our core markets, combined with well-differentiated assets, further supported favourable occupancy and pricing trends. Looking ahead, we expect growth to be led by our existing hotels, incremental contribution from F&B additions/renovations, and the ramp-up of Grand Mercure Ahmedabad GIFT City and ibis Styles Mysuru. With nine upcoming hotels across the luxury and upscale segments, we are progressively strengthening and diversifying our portfolio, positioning the company well for sustained growth.”
