Mumbai: Brigade Group reported a strong performance in the first quarter of FY27, with real estate sales of ₹1,061 Crores, consolidated revenue of ₹1,179 Crores and EBITDA of ₹425 Crores. Profit Before Tax (PBT) rose 47% year-on-year to ₹285 Crores, compared with ₹194 Crores in Q1 FY26.
Average real estate realization increased 21% year-on-year to ₹14,256 per sq ft, reflecting higher realizations during the quarter.
Brigade Group Q1 FY27 Performance
The real estate segment recorded revenue of ₹707 Crores and EBITDA of ₹150 Crores, representing an EBITDA margin of 21%. EBITDA in the segment increased 45% compared with Q1 FY26.
The leasing segment generated revenue of ₹328 Crores during the quarter, up from ₹300 Crores in Q1 FY26, marking 9% year-on-year growth.
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Growth in the leasing business was supported by the premium brand mix, events, brand activations and customer experience initiatives. Mall footfalls increased 11% year-on-year, while retailer sales rose 35%, supported by global brands across fashion, lifestyle, dining and family retail.
During the quarter, Brigade launched approximately 4 Mn sq ft of commercial projects across Bengaluru and Hyderabad.
The hospitality segment continued to record steady growth despite global challenges. Revenue stood at ₹144 Crores, with portfolio occupancy at 76% and an Average Room Rate (ARR) of ₹7,241.
Commenting on the performance, Pavitra Shankar, Managing Director, Brigade Group said, “Achieving a 21% growth in realizations, underscores the growing preference for thoughtfully designed projects in well-connected micro-markets. Looking ahead, with nearly 12 million square feet of launches planned and our strategic partnership with Bain Capital for a landmark mixed-use development in Whitefield, we are significantly strengthening our future pipeline in high-growth markets. Our annuity businesses across leasing, retail and hospitality continued to be resilient.
As India’s urban transformation accelerates, we remain focused on creating integrated destinations that bring together homes, workplaces, hospitality and retail, while driving sustainable value for all stakeholders.”
Consolidated Financial Performance
Brigade Group’s consolidated revenue for Q1 FY27 stood at ₹1,179 Crores, compared with ₹1,333 Crores in the corresponding quarter of FY26.
EBITDA increased to ₹425 Crores from ₹375 Crores in Q1 FY26, with the EBITDA margin rising to 36% from 28%.
PBT stood at ₹285 Crores, compared with ₹194 Crores in Q1 FY26, while Profit After Tax (PAT) increased to ₹217 Crores from ₹158 Crores. PAT margin stood at 18%, compared with 12% in the year-ago quarter.
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The quarter’s performance comes as Brigade Group plans nearly 12 million square feet of launches and expands its pipeline through its strategic partnership with Bain Capital for a mixed-use development in Whitefield. The company’s leasing, retail and hospitality businesses also continued to provide a resilient annuity revenue base during the quarter.
