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Earnings Call Transcript

Brigade Hotel Ventures Earnings Call Transcript: Key Takeaways

Brigade Hotel Ventures delivered strong Q1 FY27 results, leveraging a zero-institutional debt position to double PAT despite geopolitical headwinds in West Asia affecting international travel.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growth5% YoY growth to ₹131 Cr driven by domestic demand.
MarginsEBITDA margin at 34.8%; impacted 1.6% by GST 2.0 change.
Demand visibilityStrong domestic corporate and social event demand offset international softness.
Management confidenceHigh; focused on aggressive expansion and rate-led RevPAR growth.

Growth

Revenue rose 5% YoY to ₹131 Cr; EBITDA up 9% YoY. Growth was rate-led with ADR increasing 7% despite occupancy dipping in Kochi.

Outlook

Targeting 3,300 keys by FY31 via ₹3,600 Cr capex. FY27 growth guided at mid-teens percentage.

Risks

Kochi occupancy dip due to airline crew business loss; potential MICE event postponement if geopolitical tensions persist.

Last quarter's promises, checked

Delivered

  • Guided 60% debt financing for growth → delivered zero institutional debt post-IPO (= BEAT)
  • Guided Q3 FY27 Courtyard Chennai launch → delivered Oct FY27 timeline (= BEAT)
  • Guided mid-teens FY26 EBITDA growth → delivered 15% YoY (= BEAT)

Partly delivered

  • Guided mid-teens FY26 Revenue growth → delivered 15% for year/5% for Q1 (= PARTIAL)

Missed

  • Guided stable occupancy → delivered dip in Kochi due to crew loss (= MISS)
  • Guided 37.5%-38% EBITDA margin → delivered 34.8% (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: BRIGHOTEL. Summary written with AI assistance from the document.

Read the document ↗

Brigade Hotel Ventures Ltd: key numbers

Share price
₹54.85
Market cap
₹2,083 Cr
Revenue (annual)
₹525.0 Cr
Net profit (annual)
₹58.46 Cr
P/E (TTM)
26.4×Sector 47.2×
Promoter holding
74.09%+0.00% QoQ
FII holding
0.78%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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