Brigade Hotel Ventures Targets Mid-Teen Growth, 80% Occupancy, and Luxury Expansion
Earnings
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CNBC TV18•29-01-2026, 14:07
Brigade Hotel Ventures Targets Mid-Teen Growth, 80% Occupancy, and Luxury Expansion
- •Brigade Hotel Ventures anticipates mid-teen growth, with occupancy rising from 76% to 80-82% as two hotels ramp up.
- •Q3FY26 revenues hit ₹138.76 crore, with ₹21.7 crore profit after tax and 34.10% margins.
- •Growth has been driven by higher average room rates (ARR), with stable occupancy; strong business travel and MICE season expected.
- •Despite a 1.6% top-line impact from GST changes, EBITDA margin improved from 35.2% to nearly 36%.
- •Company plans to expand its portfolio from one to six or seven five-star deluxe hotels by FY28-FY30, targeting doubled ARRs and improved profitability.
Why It Matters: Brigade Hotel Ventures projects strong growth, improved occupancy, and a strategic shift towards luxury hotels.
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