Pre-sales (FY26)
₹7,424 crore
-5% YoY
Full-year pre-sales declined due to approval delays pushing launches to H2.
BRIGADEENTERPRISES
Other
2026-04-??
Brigade Enterprises Limited — Q4 FY26
Brigade Enterprises reported FY26 consolidated revenue of ₹5,999 crore (+11% YoY) and PAT of ₹725 crore (+7% YoY), with EBITDA margin steady at 28%.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Brigade Enterprises reported FY26 consolidated revenue of ₹5,999 crore (+11% YoY) and PAT of ₹725 crore (+7% YoY), with EBITDA margin steady at 28%. Residential pre-sales fell 5% to ₹7,424 crore due to approval delays, but Q4 saw a strong rebound with ₹2,521 crore in sales (+44% QoQ) driven by 4 msf of new launches. Management guided for FY27 pre-sales of ₹9,000 crore (+20% YoY) supported by a launch pipeline of 11.6 msf (GDV ₹11,900 crore). Commercial leasing remained stable with 1.1 msf leased in FY26, and the office portfolio is set to expand with 10 msf planned over FY27-28. Key risks include approval delays impacting launch timing and potential macro headwinds from geopolitical tensions.
Key Numbers
New Launches (FY26)
8.3 msf
-31% vs plan of 12 msf
Launches fell short of target; 4 msf launched in Q4 alone.
Average Realization (FY26)
₹12,109/sq ft
+9% YoY
Driven by price hikes and mix shift to higher-value homes.
Commercial Leasing (FY26)
1.1 msf
flat YoY
Includes new leases, renewals, and managed office transactions.
Management Guidance
FY27 pre-sales target of ₹9,000 crore
Management expects at least 20% growth over FY26 pre-sales of ₹7,424 crore, aiming for ₹9,000 crore.
Management guidance revenueFY27 launch pipeline of 11.6 msf with GDV ₹11,900 crore
Planned launches include 4.5 msf in Bengaluru, 3 msf each in Chennai and Hyderabad.
Management guidance growthCommercial launches of 4.5 msf in FY27, 10 msf over FY27-28
Capex for 10 msf commercial pipeline estimated at ₹6,000 crore over four years.
Management guidance capexKey Risks
Approval delays impacting launch timing
FY26 saw delays pushing launches to H2; similar risks persist for FY27 launches, especially in Chennai and Hyderabad.
high · management_commentaryAmazon vacating 630,000 sq ft at WTC Bangalore
Analyst raised concern about vacancy; management expects to lease out over next few quarters but no single large tenant lined up.
medium · analyst_questionGeopolitical tensions impacting hospitality
Management noted geopolitical developments led to cancellations and impacted foreign tourist arrivals in Q4.
medium · management_commentaryNotable Quotes
FY26 pre-sales was rupees 7,424 crores which is 5% lower than FY25. This was primarily on account of delays in obtaining approvals with many project launches pushed to the latter half of Q4 and some moving into FY27.
If the current sentiment and market conditions hold up, our outlook is that demand on ground will support a pre-sales outlook of at least 20% growth on our FY26 numbers and aiming for 9,000 crores.
Amazon has vacated their space. They had about 630,000 square ft that they vacated. We have leased a couple of floors. So we've leased close to 100,000 square ft of that.
Frequently Asked Questions
What was Brigade Enterprises's revenue in Q4 FY26?
Brigade Enterprises reported revenue of ₹1,458 Cr in Q4 FY26, representing a +11% change compared to the same quarter last year.
What guidance did Brigade Enterprises management give for FY27?
FY27 pre-sales target of ₹9,000 crore: Management expects at least 20% growth over FY26 pre-sales of ₹7,424 crore, aiming for ₹9,000 crore. FY27 launch pipeline of 11.6 msf with GDV ₹11,900 crore: Planned launches include 4.5 msf in Bengaluru, 3 msf each in Chennai and Hyderabad. Commercial launches of 4.5 msf in FY27, 10 msf over FY27-28: Capex for 10 msf commercial pipeline estimated at ₹6,000 crore over four years.
What are the key risks for Brigade Enterprises in FY27?
Key risks include Approval delays impacting launch timing — FY26 saw delays pushing launches to H2; similar risks persist for FY27 launches, especially in Chennai and Hyderabad.; Amazon vacating 630,000 sq ft at WTC Bangalore — Analyst raised concern about vacancy; management expects to lease out over next few quarters but no single large tenant lined up.; Geopolitical tensions impacting hospitality — Management noted geopolitical developments led to cancellations and impacted foreign tourist arrivals in Q4..
Did Brigade Enterprises meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Brigade Enterprises Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.