BRIGHOTEL / Q1-FY27 / claim-ledger

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

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PositiveQ1-FY27 · 2026-07-30Back to quarter ↗

Questions audited

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88%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Adid Chhatapad · IC Securities

direct

Capex spent in Q1 and annual distribution; MICE/FnB trends given Q1 decline

In the first quarter we have spent around 45 crores towards civil and renovation of 3 and a half crores and new restaurant project green around 4 crores. So put together is around 53 crores and the balance amount will be spent over next three quarters. Only in the second half around maybe 300 350 crores. There was an impact of the Westplatia crisis. We had an impact of almost 14 cr which was about 10% of our overall revenue.

Arjana Guray · IDBI Capital

direct

Bangalore ARR/occupancy strategy and incremental ARR from Courtyard Kochi acquisition

In Bangalore we had a growth in ARR of about 3% and a quite increase in occupancy of 8% which gave us a combined RevPAR growth of 10%. For Courtyard, Q1 FY26 the rate was 4,200 but in Q1 FY27 we already saw a rate increase to 4,650. We believe that at least a minimum of 10% ADR growth this year.

Pulkit Cha · 361 Capital

direct

Occupancy decline reasons, FDA mix proportion, and mid-teens growth guidance maintenance

The occupancy dip was primarily from Courtyard due to rebranding and displaced crew business. FDA mix has dropped to 30% from 40%. The 14 crore impact equals 10% of topline; without cancellations mid-teens growth would have been achieved. Q2 is looking buoyant.

Sumit Kumar · GM Financial

direct

F&B revenue impact details and 14 crore loss composition

The largest impact was at Sheran Grant with 50-50 rooms and F&B distribution. 14 crore calculations: roughly 60% F&B and 40% rooms. MICE business typically contributes about 15 to 18% of room bookings.

Karan Kamandar · Choice Institutional Equities

partial

Status of live projects and expected delays; newly renovated restaurant revenue trajectory

WTC Chennai courtyard by Marriott launching in October Q3. Grand Hyatt has slight delay to FY28 due to approvals. Newly renovated restaurant just started; month one to month two to month three showing 100% growth. Would give another quarter before reporting numbers.

Mohit · Mong India Securities

direct

Portfolio ADR growth strategy and WTC Chennai expected ATR

Q1 FY26 had a 6761 rupee ADR and we already increased it to above 7241. WTC Chennai expects minimum 9000 rupees as starting ATR with stabilized occupancies at about 80%.

Sharon · Ventura

partial

IPA proceeds acquisition timeline for FY27

We are under discussion. We're hoping to conclude a transaction in FY27, but it is subject to due diligence.

Sor Gilda · JM Financial

direct

Bangalore resilient performance drivers

We started contacting local domestic negotiated accounts. We focused on stations because not much MICE business over weekends. We did focus on social events and weddings. What was impacted was F&B as large MICE events did not happen.