Brigade Hotel Ventures earnings calls.

Brigade Hotel Ventures reported resilient Q1 FY27 results with PAT doubling to ₹17 croreCurrent reported value: ₹17 crore. No comparable prior figure is available in the source record. (up 140Current reported value: 140. No comparable prior figure is available in the source record.% YoY), driven primarily by a 50%+ reduction in finance costs following aggressive debt repayment post-IPO. Revenue grew 5Current reported value: 5. No comparable prior figure is available in the source record.% to ₹131 crore despite a ₹14 crore impactCurrent reported value: ₹14 crore impact. No comparable prior figure is available in the source record. (10% of revenue) from West Asia geopolitical disruptions that dampened international travel and MICE activity. Management demonstrated operational agility by pivoting to domestic corporate accounts, resulting in 7% ARR growth and 9% RevPAR expansion—signaling pricing power rather than cyclical demand riding. EBITDA margin expanded 120bpsCurrent reported value: EBITDA margin expanded 120bps. No comparable prior figure is available in the source record. to 34.8%, though GST 2.0 created a 160bps headwind. Five of nine hotels are running above 80% occupancy, providing upside optionality. The ₹3,600 crore pipelineCurrent reported value: ₹3,600 crore pipeline. No comparable prior figure is available in the source record. (1,700 keys to reach 3,300 total) remains on track, with Grand Hyatt facing minor approval delays. Guidance for mid-teens revenue growth FY27 intact, with Q2-Q4 recovery expected to offset Q1 weakness. Key risk: MICE softness persists and FDA mix decline to 30%Current 30%. Reported change: -10pp YoY. from prior 40% creates ADR pressure.