Brigade Hotel Ventures LimitedBrigade Hotels: Q2 income +10%, PAT doubled, EBITDA margin 36.7%

Brigade Hotel Ventures' Q2 FY27 call, held on 27 October 2026, reported total income of ₹142 crore, up 10%, EBITDA of ₹52 crore at a 36.7% margin, up from about 32% despite a 1.4% hit from GST 2.0, and profit after tax of ₹22 crore, up 105%.

Growth was rate-led: the average room rate rose 11% to ₹7,876 while occupancy stayed near 75%. Food and beverage returned to 10% growth after a Q1 hit of about ₹14 crore from West Asia cancellations. Finance cost fell to ₹9.7 crore after IPO proceeds repaid about ₹468 crore of debt, and net cash was ₹29 crore. The company has 1,700 keys under development to reach 3,300 by FY31, with ₹484 crore of ₹3,600 crore capex spent and a 45-key Courtyard in Chennai due in H2.

Management kept mid-teens revenue and EBITDA growth guidance for FY27, expects mid-teens RevPAR growth in H2, and is hunting for an acquisition in new markets.