Mumbai: Brigade Hotel Ventures Ltd. (BHVL) reported steady financial growth for the fourth quarter and full financial year FY26, supported by improved room metrics and consistent demand across its portfolio.
The company posted a consolidated total revenue of ₹146 crore in Q4 FY26, marking an 8% increase compared to ₹135 crore in the same period last year. Profit After Tax (PAT) rose sharply to ₹25 crore from ₹13 crore, registering a 92% year-on-year growth.
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Revenue from operations stood at ₹136 crore, slightly higher than ₹134 crore in Q4 FY25, while EBITDA increased 13% to ₹58 crore.
Operational performance remained stable during the quarter. Average Room Revenue (ARR) grew 7% year-on-year to ₹8,066 from ₹7,548, while Revenue Per Available Room (RevPAR) increased 6% to ₹6,295. Occupancy levels reached 78.0%.
In the Bengaluru market, ARR rose 4% to ₹9,661, while RevPAR improved to ₹7,976. The company noted that performance was impacted by a high base due to the Aeroshow held during the corresponding period last year.
For the full financial year FY26, BHVL reported consolidated revenue of ₹543 crore, reflecting a 15% increase over FY25. PAT surged 174% to ₹65 crore, compared to ₹24 crore in the previous year.
Revenue from operations for FY26 stood at ₹525 crore, up from ₹468 crore, while EBITDA grew 15% to ₹192 crore.
Food and beverage (F&B) revenue also saw growth, reaching ₹176 crore in FY26 compared to ₹153 crore in FY25.
During FY26, ARR increased 11% year-on-year to ₹7,453. Occupancy stood at 76.1%, resulting in a RevPAR of ₹5,670, up from ₹5,138 in FY25.
Commenting on the performance, Nirupa Shankar, Managing Director, Brigade Hotel Ventures Ltd., said:
“FY26 was a year of steady progress for India’s hospitality sector, driven by strong domestic demand and the industry’s resilience despite global turbulence, including economic slowdowns, geopolitical challenges, and uneven international travel.
For FY26, we are pleased to report strong double-digit growth in revenue and a 174% increase in PAT, driven by sustained improvement in ARR and RevPAR across our portfolio. This performance reflects the resilience of our assets and the strength of underlying demand, with Bengaluru emerging as a key growth driver, supported by robust ARR growth and healthy occupancy levels.
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In Q4 FY26, disciplined revenue management supported growth; however, occupancy remained stagnant due to elevated airfares, softer travel demand, and temporary gas supply disruptions.
We remain firmly on track with our expansion plans, focused on building a well-diversified portfolio to drive long-term growth.”
