Brigade Hotel Ventures Limited (BHVL), second largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners as of March 31, 2025 announced its financial results for the quarter ended June 30, 2025, delivering strong year-on-year growth.
The company recorded a 32% YoY growth in F&B revenues, underscoring its commitment to elevating dining experiences.
Following the successful completion of its IPO, BHVL is poised to fast-track expansion, targeting nine new hotels and a doubling of key count over the next four to five years, leveraging IPO proceeds and robust operating cash flows.
Commenting on the results, Nirupa Shankar, Managing Director, Brigade Hotel Ventures Limited said: “Our Q1 performance reflects the strength of our diversified portfolio and our ability to navigate market challenges while capturing new opportunities. With disciplined pricing, strategic market positioning, continued focus on optimising operating costs and a sharp focus on guest experience, we have sustained growth momentum across key markets. The improved performance in GIFT City and the rapid ramp-up of ibis Styles Mysuru demonstrate our agility in tapping high-growth segments.”
Financial Highlights (Q1 FY26 vs. Q1 FY25)
Portfolio Revenue: Rs 125 crore in Q1 FY26, increased 22% YoY from Rs 102.2 crore in Q1 FY25
EBITDA: Rs 41.8 crore in Q1 FY26, increased 24% YoY from Rs 33.6 crore in Q1 FY25.
F&B Revenue: Rs 43.9 crore in Q1 FY26, increased 32% YoY from Rs 33.4 crore in Q1 FY’25.
Operational Highlights
Strong market performance in Bangalore (~12% RevPAR growth YoY) and in Chennai (~13% YoY)
GIFT City, Gujarat delivered ~44% RevPAR growth, supported by IT & financial sector expansion
Demand resilience driven by disciplined rate management and event-led demand capture, despite seasonal and geopolitical headwinds
In line with Brigade Group’s ESG commitment, the entire BHVL portfolio is now EDGE-certified (Excellence in Design for Greater Efficiencies), a globally recognized green building standard by the International Finance Corporation (IFC). This achievement reflects a measurable reduction of over 20% in energy and water usage, along with lower embodied carbon in materials, reinforcing BHVL’s position as a leader in sustainable hospitality.
BHVL expects hotel growth to accelerate through the remainder of FY26, supported by sustained corporate travel, MICE events, festive travel, and the rise of b-leisure stays. Domestic travel will remain a priority focus, alongside steady recovery in inbound international tourism.
