Brigade Hotel Ventures

Brigade Hotel Ventures delivered a stable Q4 FY26 with total income of INR 146 CrCurrent reported value: INR 146 Cr. No comparable prior figure is available in the source record. (+8Current reported value: 8. No comparable prior figure is available in the source record.% YoY) and EBITDA of INR 58 CrCurrent reported value: INR 58 Cr. No comparable prior figure is available in the source record. (+13% YoY), driven by a 7% ADR increaseCurrent reported value: 7% ADR increase. No comparable prior figure is available in the source record. to INR 8,066Current INR 8,066. Reported change: +7% YoY. and stable occupancy at 78%Current 78%. Reported change: Flat YoY.. PAT surged to INR 25 CrCurrent reported value: INR 25 Cr. No comparable prior figure is available in the source record. (vs INR 13 Cr) aided by lower finance costs. The quarter faced headwinds from geopolitical disruptions causing ~INR 7-8 Cr in cancellations, particularly impacting F&B revenue, but domestic demand remained resilient. Management guided for continued ADR expansion, targeting portfolio ADR of INR 10,000+ by FY29 and INR 14,000 by FY31, supported by brand upgrades (e.g., Kochi to Courtyard by Marriott) and new supply (Chennai WTC). A disciplined capex plan of INR 3,600 Cr (60% debt-funded) underpins growth. Key risk: sustained geopolitical tensions could further pressure international travel and F&B revenue.