Brigade Enterprises Management Guidance Tracker

15 forward-looking guidance items tracked across 4 quarters.

Growth

Q1 FY26FY26 sales growth target of 15-20%Active

Management targets 15-20% growth in pre-sales value for FY26, building on ₹7,800 crore in FY25.

Q2 FY26H2 FY26 launch pipeline of ~7 million sq ft with GDV ₹8,000-8,300 croreActive

Management expects to launch approximately 7 million sq ft in the second half of FY26, with a gross development value of ₹8,000-8,300 crore.

Q3 FY26Residential launches of 12 msf over next four quartersActive

Management plans to launch approximately 12 million sq ft of residential projects in the next four quarters, with Q4 FY26 alone targeting 4.3 msf (GDV ₹5,400 crore).

Q4 FY26FY27 launch pipeline of 11.6 msf with GDV ₹11,900 croreTracked

Planned launches include 4.5 msf in Bengaluru, 3 msf each in Chennai and Hyderabad.

Expansion

Q1 FY26Launch pipeline of ~13 million sq ft over four quartersActive

Approximately 13 million sq ft of residential and commercial launches planned, with 50% of GDV already in hand.

Q1 FY26Hospitality to double to 18 hotels in 4-5 yearsTracked

Brigade Hotel Ventures plans to expand from 9 to 18 hotels, adding ~1,700 keys.

Q2 FY26Planned investment of ₹8,000 crore in Chennai over 5-6 yearsTracked

Brigade reiterated its long-term commitment to Chennai with a planned investment of ₹8,000 crore over the next five to six years.

Q3 FY26Commercial office launches of 4.2 msf in next four quartersTracked

Plan to launch another 4.2 million sq ft of commercial office space in the next four quarters, adding to the 1.2 msf launched in FY26.

Margins

Q1 FY26Embedded EBITDA margin >30% for new launchesTracked

New project launches in FY26 are expected to have embedded EBITDA margins upwards of 30%.

Q2 FY26Residential EBITDA margin expected to normalize next financial yearTracked

Current residential EBITDA margin of ~12% is below normal run rate due to project mix and one-time costs; management expects margins to revert to historical levels in FY27.

Q3 FY26Real estate segment margins to improve to ~20% from Q1/Q2 FY27Tracked

Management expects real estate EBITDA margins to rise to around 20% from the current ~15% as newer, higher-margin projects are recognized.

Revenue

Q2 FY26Pre-sales target of ₹9,000 crore for FY26 may be missedActive

Management indicated that achieving the ₹9,000 crore pre-sales target is heavily dependent on timely launches and approvals; they may fall short.

Q3 FY26Commercial leasing revenue to exceed ₹2,000 crore by FY30-31Tracked

Once the current under-construction and upcoming commercial assets are leased and stabilized, total lease revenue is expected to be upwards of ₹2,000 crore.

Q4 FY26FY27 pre-sales target of ₹9,000 croreTracked

Management expects at least 20% growth over FY26 pre-sales of ₹7,424 crore, aiming for ₹9,000 crore.

Capex

Q4 FY26Commercial launches of 4.5 msf in FY27, 10 msf over FY27-28Tracked

Capex for 10 msf commercial pipeline estimated at ₹6,000 crore over four years.