BRIGADE / Q1-FY26 / claim-ledger

Audit the questions that mattered.

Brigade Enterprises · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ1-FY26 · 2025-08-06Back to quarter ↗

Questions audited

12

Answered directly

79%

Numeric claims

6

Consistency

contradicted

Question ledger

What was answered, and how?

Girish Chri · Aendes Park Institutional Equities

direct

Key projects in 13 msf launch pipeline and pacing

in terms of our launch already in Q2 we have visibility of multiple projects already where there is no dependency on rera the GDV of those projects is already around 4,600 crores so for some of those we'll be launching that in Q2

Girish Chri · Aendes Park Institutional Equities

direct

Plans to enter new cities beyond South India

we've been communicating for a long time that we will focus on Bangalore, Chennai and Hyderabad. We have a really strong presence in terms of business development for all three markets and there is also much more room to grow

Girish Chri · Aendes Park Institutional Equities

partial

Reason for significant increase in employee/admin and marketing expenses

the sales and marketing expenses will also reflect the launches that we have done over the last couple of quarters. So as we're adding more to our sales pipeline we will also be spending more in order to do that sales.

Prates · Access Capital Limited

direct

City mix of sales and lower sustenance sales contribution

in terms of the sales last quarter by revenue it's between 70 to 75% contribution from Bangalore and about 20 to 25% from Chennai. There's a little bit from Hyderabad as well.

Prates · Access Capital Limited

declined

Inventory levels for Icon and Altius and Altius contribution to pre-sales

I'll just come back to you with those numbers.

Prates · Access Capital Limited

direct

Changes to launch plan for the year and Hyderabad project timing

the positive thing is the Hyderabad that we announced we are working to get that into this financial year. One thing was the brigade innovation gardens that we had were trying to get it into this financial year could potentially slip into Q1.

Perves · Noama group

direct

Confirmation of RERA for projects with 4600 cr GDV

Yes that's right. So some of those we have already launched in the course of Q2. For example, Brigade Cherry Blossom, Brigade Avalon, we've already launched those.

Perves · Noama group

direct

Current residential demand and pricing outlook

in terms of the residential demand we are seeing that it is still pretty good. I would say that the pace at which people are making their decisions based on the ticket size that has changed.

Perves · Noama group

partial

Capex outlay for hospitality expansion and leasing at Brigade Twin Tower

with regards to the capex for the hospitality, we plan to do it next quarter. We will share those details with you. Just to let you know that anything in the five-star deluxe category on average the cost of construction will be about 1.5 to 1.75 crores a key.

Bipl · Antique Stock Broking Limited

direct

Outlook on demand despite IT job losses in Bangalore

for Bangalore if you just look at the gross absorption that we saw in Q1 of FY26 it absorbs almost 4.8 million square ft of office space. Now the dependency on IT and IT services has relatively come down.

Mitun · KA Advisors

direct

Sales growth target for FY26

we've always communicated that we like to target a growth of 15 to 20%. We'll be looking at that from a value perspective. So last year we did around 7,800 crores in total sales. We're hoping to get to about 15% increment on that.

Ashi Sha · HDFC Mutual Fund

partial

Launch GDV estimates for Q2, Q3, Q4

we are approximating around 10,000 rupees per square foot on average. So basically you could assume 12,500 crores GDV for the overall launch for FY26 of which we have visibility of crores already for which 1,000 was launched in the last quarter.