BRIGHOTEL
Brigade Hotel Ventures share price & financials
- Price
- ₹61.49
- Market cap
- ₹2.3k Cr
- Sector
- Consumer Services
- Calls analysed
- 5
Brigade Hotel Ventures Limited Q1 FY27
What went well
- Total income for Q1 FY27 stood at INR131 crores, reflecting a 5% year-on-year growth.
- Consolidated EBITDA increased by 9% year-on-year to INR46 crores with EBITDA margin at 34.8%.
- Profit after tax stood at INR17 crores as against INR7 crores in Q1 FY26, registering a 140% year-on-year growth.
What to watch
- The conflict in West Asia led to airspace disruptions, elevated fuel costs, and inflationary pressures, impacting discretionary travel and event planning.
- F&B performance was impacted by cancellation and postponement of large MICE events, resulting in an almost INR14 crores impact (10% of overall revenue).
What Brigade Hotel Ventures Limited does
Brigade Hotel Ventures Limited (BHVL) is an owner and developer of hotels in key cities, primarily across South India, and is a subsidiary of listed real-estate group Brigade Enterprises Limited. Its portfolio spans luxury, upper-upscale, upscale, upper-midscale and midscale hotels operated under global brand tie-ups with Marriott International, Accor and IHG Hotels & Resorts. Alongside guest rooms, its hotels house food & beverage outlets and MICE (meetings, incentives, conferences and exhibitions) banquet space. The company earns from room stays, F&B and other hotel services, and is expanding via a pipeline of new hotels in high-growth corporate and leisure markets.
Segments
- Luxury
- Upper Upscale
- Upscale
- Upper Midscale
- Midscale
- Operating hotels
- 9
- Keys in operation
- 1,604
- Hotels in pipeline
- 9 (adding ~1,700 keys; total portfolio ~3,300 keys on completion)
- F&B outlets
- 30
- MICE (banquet/event) area
- 2.15 lakh sq. ft.
- Market position
- 2nd-largest owner of chain-affiliated hotels and hotel rooms in South India
Guidance record · Q1 FY27
what the last two calls moved 22 tracked 2 delivered 2 missed 18 open- Kochi Hotel Upgrade delivered said Q4 FY26 Promised: Upgrade from 'Four Points' to 'Courtyard by Marriott' in Q1 FY27. Q1 FY27: Upgrade completed in Q1 FY27 as planned. The property is now 'Courtyard by Marriott Kochi Infopark'.
- F&B Revenue Growth missed said Q3 FY26 Promised: High teens growth going forward. Q1 FY27: F&B revenue was significantly impacted by MICE cancellations (approx. INR 8.4 cr impact on F&B). This is the second consecutive quarter of missing the 'high teens' growth guidance.
- Grand Hyatt Chennai CRZ Approval delayed said Q3 FY26 Promised: Receive CRZ environmental clearance in FY26. Q1 FY27: Management explicitly confirmed a 'slight delay' in the Grand Hyatt project due to pending approvals, confirming the original FY26 deadline was missed.
All 22 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 2.4%, net profit up 142.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 108 | 124 | 134 | 124 | 126 +17% | 139 +12% | 136 +1% | 127 +2% |
| EBITDA | 37 | 43 | 50 | 41 | 37 +0% | 47 +9% | 49 −2% | 42 +2% |
| Net profit | 7 | 10 | 13 | 7 | 11 +57% | 22 +120% | 25 +92% | 17 +143% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −31.4% 1Y
1Y: ₹82.33 on 10 Sept 2025 → ₹56.51. High ₹85.64 (16 Sept 2025), low ₹55.65 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.7%
- 6 Aug
- Q4 FY26
- −0.1%
- 29 Apr
- Q3 FY26
- −2.5%
- 29 Jan
- Q2 FY26
- +1.9%
- 27 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 12.2% a year over 1 year, FY25 to FY26. Operating margin narrowed to 33.1%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹468 Cr | ₹525 Cr |
| Operating profit | ₹163 Cr | ₹174 Cr |
| Operating margin | 34.8% | 33.1% |
| Interest | ₹72 Cr | ₹52 Cr |
| Depreciation | ₹49 Cr | ₹54 Cr |
| Net profit | ₹24 Cr | ₹65 Cr |
| Net margin | 5.1% | 12.4% |
| ROCE | 14.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹380 Cr | ₹380 Cr |
| Reserves | ₹-241 Cr | ₹-216 Cr | ₹538 Cr | ₹578 Cr |
| Borrowings | ₹982 Cr | ₹1.0k Cr | ₹347 Cr | ₹309 Cr |
| Other liabilities | ₹99 Cr | ₹100 Cr | ₹137 Cr | ₹115 Cr |
| Total liabilities | ₹841 Cr | ₹887 Cr | ₹1.4k Cr | ₹1.4k Cr |
| Fixed assets | ₹628 Cr | ₹652 Cr | ₹902 Cr | ₹906 Cr |
| Capital work in progress | ₹29 Cr | ₹72 Cr | ₹36 Cr | ₹96 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹183 Cr | ₹163 Cr | ₹464 Cr | ₹381 Cr |
| Total assets | ₹841 Cr | ₹887 Cr | ₹1.4k Cr | ₹1.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Sep 2025, FIIs trimmed −0.52 pp while the public added +0.28 pp. The shareholder count shrank 14% to 39,091.
- Promoters
- 74.1%
- FIIs
- 0.8%
- DIIs
- 19.8%
- Public
- 5.3%
Since Sep 2025
- FIIs −0.52 pp
- Public +0.28 pp
- DIIs +0.23 pp
How it drifted, 4 quarters
Ownership split by quarter, oldest first. Sep '25: Promoters 74.1%, FIIs 1.3%, DIIs 19.6%, Public 5.0%.Dec '25: Promoters 74.1%, FIIs 0.8%, DIIs 20.1%, Public 4.9%.Mar '26: Promoters 74.1%, FIIs 0.7%, DIIs 20.0%, Public 5.2%.Jun '26: Promoters 74.1%, FIIs 0.8%, DIIs 19.8%, Public 5.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Motilal Oswal Large Cap Fund Mutual fund +0.08 pp 1.74% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Brigade Hotel Ventures Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Brigade Enterprises Ltd | 74.09% | unchanged |
| SBI Consumption Opportunities Fund Mutual fund | 5.39% | −0.13 pp |
| 360 One Special Opportunities Fund - Series 12 Mutual fund | 2.48% | unchanged |
| Franklin India Small Cap Fund Mutual fund | 2.44% | unchanged |
| Motilal Oswal Large Cap Fund Mutual fund | 1.74% | +0.08 pp |
| 360 One Special Opportunities Fund - Series 9 Mutual fund | 1.45% | unchanged |
| Axis Mutual Fund Trustee Ltd A/C Axis Mutual Fund Mutual fund | 1.19% | −0.05 pp |
| Bandhan Small Cap Fund Mutual fund | 1.14% | unchanged |
| Axis New Opportunities AIF - Series Ii AIF | 1.05% | unchanged |
| Ananthay Properties Private Limited | 0.00% | unchanged |
| Augusta Club Private Limited | 0.00% | unchanged |
| Mysore Projects Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in BRIGHOTEL
Filings to Aug 2026
0 new, 0 added, 2 trimmed, 0 sold out — net −7.04 L shares (−3.5%).
- Held by funds
- ₹114 Cr
- 7 schemes
- Biggest holder
- SBI MultiCap Fund
- ₹45 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI MultiCap Fund SBI Mutual Fund | ₹45 Cr | −5.89 L | Jul '25 |
| SBI Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP) SBI Mutual Fund | ₹32 Cr | held | Jul '25 |
| SBI Retirement Benefit Fund - Aggressive Plan SBI Mutual Fund | ₹22 Cr | held | Jul '25 |
| SBI Retirement Benefit Fund - Aggressive Hybrid Plan SBI Mutual Fund | ₹9 Cr | held | Jul '25 |
| SBI Consumption Opportunities Fund SBI Mutual Fund | ₹6 Cr | −1.14 L | Jul '25 |
| SBI Retirement Benefit Fund - Conservative Hybrid Plan SBI Mutual Fund | ₹1 Cr | held | Jul '25 |
| SBI Retirement Benefit Fund - Conservative Plan SBI Mutual Fund | ₹0 Cr | held | Jul '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 2 trimmed — net −7.04 L shares (−3.5%)
- Funds are sitting on
- -28%
- vs est. average cost
- Held by funds
- ₹114 Cr
- 7 schemes · ≈ 5.3% of the company
- Biggest holder
- SBI MultiCap Fund
- ₹45 Cr · 0.2% of that fund
Shares held by these funds +40%
Jul '25 2.01 cr shares Jul '26
All earnings calls (4)
Read the Q1 FY27 call →Learn to analyse Brigade Hotel Ventures Limited
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