Q1-FY27 · Anan Natrajan
The single biggest driver of our profit after tax more than doubling this quarter was our finance cost falling from 18.9 crore to 8.7 crore, a reduction of over 50%.
Brigade Hotel Ventures · tone and specificity signals across the available quarters.
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The single biggest driver of our profit after tax more than doubling this quarter was our finance cost falling from 18.9 crore to 8.7 crore, a reduction of over 50%.
This sector's underlying demand engine—that is, domestic corporate travel, weddings, and social events—were largely able to absorb the shock of the West Asia crisis. Corporate travel budgets held up. Social calendars continued largely as planned.
Our RevPAR growth this quarter was rate-led rather than occupancy, which speaks to the quality of the positioning of our assets rather than simply riding a favorable demand cycle.
We are now entering a strategic phase of expansion, aiming to double our hotel portfolio by adding approximately 1,700 keys over the next 5 years.
Excluding this, operational EBITDA would have registered a 25% growth year.
We would like to maintain that we can stick to mid-teens to high teens for the next two quarters.
Our portfolio ADR is already now reaching 7,300 levels, so we are now getting up to a level where most of our hotels will start hitting more than 7,500.
If I remove the one hotel, the portfolio actually grew by 20% [in F&B].
We are not planning to sell any of our existing portfolio assets.