BRIGHOTEL / Q2-FY26 / claim-ledger

Audit the questions that mattered.

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

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PositiveQ2-FY26 · 2025-11-06Back to quarter ↗

Questions audited

Answered directly

85%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Abidv Chapod · ICAC securities

direct

Phasing of 3600 crore capex over 3-4 years and specifics for InterContinental Hyderabad.

most of it is back ended maybe 60% could be coming in the third year... year one you can look at just mostly design development then about 20% year two... with regards to the intercontinental hotel... the hotel our part will begin only after a year and a half or so.

Abidv Chapod · ICAC securities

direct

Business outlook for October and booking trends for November-December.

October is a little bit on the slower side as expected... but we should be able to make it up between November and December which are clean months and those two months are looking extremely strong.

Mortua Ashiwala · Kotuk Securities

direct

Explanation for 45 crore working capital inflow in H1 cash flow.

the 45 crores consist of there is a movement of trade payable because of provisioning for the banker's payment for issue expenses we have provided which is around 20 crores and there is a reduction in other assets... around 13 cr

Mortua Ashiwala · Kotuk Securities

partial

Reason for strong ARR performance vs industry data.

we are happy with the way the ar has happened with close to 20% for the Bangalore hotels... revenue management teams are always figuring out how to best balance between rate and occupancy... we were able to increase the ARR.

Sumit Kumar · JM Financial Institutional Securities

direct

Why room revenue grew 18% but RevPAR only 14%.

the ref bar grew by lower because the occupancy also came down a little bit because the myso hotels have a lot lower occupancy... it's mainly the IB styles also because that's the major difference from a same store perspective.

Sumit Kumar · JM Financial Institutional Securities

direct

Which Bangalore properties drove ARR strength.

the biggest growth rate in the ARR came from our sheritin... Q2 FI25 was about 10,500 and in Q2 FI26 it was 13,000 or so... Sheritan had a 25% increase.

Sumit Kumar · JM Financial Institutional Securities

direct

Nature of property tax impact and contingent liabilities.

this was only for the grandmure... seems to be a one-off onetime expense... there's a difference in the way it was assessed and hence we've paid it off.

Ragav Malik · Jeff

direct

Whether October RevPAR dipped below teens.

No, no, it won't go lower than teens. We'll maintain a similar repar... we expect to keep it in the mid teens.

Ragav Malik · Jeff

partial

MICE contribution and F&B revenue swing in H2.

the hotel with the largest amount of our fivestar deluxe property the Sheran Grand... they are seeing a very healthy November and December. Exact percentages you know we will be able to say only the following quarter.

Ragav Malik · Jeff

partial

Expected ARR delta from new luxury hotel additions by FY28-29.

once the luxury properties come within the portfolio then at least a third of our portfolio will be in the fivestar luxury deluxe category... you should see a significant uptake in the ARR.

Madhav · SKP

direct

Confidence level on same-store ARR growth rate for Bangalore hotels.

we've been able to increase it by a healthy number of around 14 odd percent for the entire portfolio... I would like to maintain that we can stick to mid-teens to high teens for the next two quarters.