Brigade Hotel Ventures Limited · NSE:BRIGHOTEL
Brigade Hotel Ventures — Q4 FY26 Earnings Presentation
38 slides from Brigade Hotel Ventures's earnings presentation, Apr 29, 2026
Slide 1: Corrigendum - Investor Presentation Q4 FY26
Ref: BHVL/NSEBSE/ CGM /29042026 April 29, 2026 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Mumbai – 400 001 Re.
Slide 2: Investor Presentation Q4 FY26 April 2026
Cover Slide INVESTOR PRESENTATION | Q4 FY26 | APRIL 2026 Sheraton Grand Bangalore at Brigade Gateway
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Brigade Hotel Ventures Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 4: Q4 & FY26 Financial Performance
Q4 & FY26 Financial Performance 3
Slide 5: From MD's Desk
From MD’s Desk “FY26 was a year of steady and encouraging progress for India’s hospitality and tourism sector, driven by strong domestic demand and the industry’s ability to navigate disruptions without losing momentum. This resilience came despite turbulence in global markets—ranging from economic
Slide 6: Q4FY26 Consolidated Financial Highlights
Q4FY26 Consolidated Financial Highlights Financial leverage aiding the company to become profitable Total Income (₹ Crs.) EBITDA (₹ Crs.) PAT (₹ Crs.) Margins % 38.0% 39.7% +8% +13% 7% 146 58 +92% 25 Q4 FY26 135 51 85 91 13 -3% 42 41 8 14 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Room F&B Others Tot
Slide 7: Q4 & FY26 Hospitality KPIs: Consolidated Performance
Q4 & FY26 Hospitality KPIs: Consolidated Performance ARR, RevPar and Occupancy trends Quarterly YTD RevPar (In ₹) RevPar (In ₹) +6% +10% 6,295 5,670 5,935 5,138 Q4FY25 Q4FY26 FY25 FY26 ARR (In ₹) ARR (In ₹) 78.6% 78.0% 76.7% 76.1% +7% +11% 8,066 7,453 7,548 6,696 Q4FY25 Q4FY26 FY25 FY26 Occupancy (%
Slide 8: Geography wise Performance
Geography wise Performance Double digit ARR and RevPar growth across geographies Portfolio Level Q4FY25 Q4FY26 YOY % FY25 FY26 YoY % 1. Average Room Rate (₹) Bengaluru 9,316 9,661 4% 7,979 9,019 13% Others 5,854 6,477 11% 5,392 5,949 10% Combined 7,548 8,066 7% 6,696 7,453 11% 2.Occupancy (%) Bengal
Slide 9: Profit & Loss Statement
Profit & Loss Statement Q4FY26 Consolidated P&L In ₹ Crs. Q4FY25 Q4FY26 YoY FY25 FY26 YoY ❖ Total Income for Q4 FY26 stood at ₹146 Cr, up 8% YoY. For FY26 Total income was ₹543 Cr, up 15% YoY. Total Income 135.1 145.7 8% 470.7 543.4 15% ❖ Growth for the quarter was led by COGS 12.6 11.1 44.8 47.4 oc
Slide 10: Balance Sheet
Balance Sheet Consolidated Balance Sheet as at March 2026 Equity & Liabilities (in ₹ Crs.) Mar-25 Mar-26 Assets (in ₹ Crs.) Mar-25 Mar-26 Total Equity 102 981 Non - Current Assets 860 1,081 Equity share capital 281 380 Property, plant and equipment 730 904 Instruments entirely equity in nature 2 2 C
Slide 11: Cashflow Statement
Cashflow Statement Consolidated Cashflow for the year ended March 2026 Cash Flow Statement (In ₹ Crs.) Mar-25 Mar-26 Net Profit Before Tax 45 86 Adjustments for: Non -Cash Items / Other Investment or Financial Items 120 89 Operating profit before working capital changes 165 175 Changes in working ca
Slide 12: Efficiency Ratios
Efficiency Ratios Conscious efforts to control costs and improve efficiency Operating Expenses as a % of Operating Revenue Utilities as a % of Operating Revenue 64.4% 64.9% 66.9% 6.2% 62.6% 5.4% 5.4% 5.0% Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Staff to Room Ratio Employee Cost as a % Operat
Slide 13: Business Overview
Business Overview
Slide 14: About us
About us Second largest owner of chain-affiliated hotels and hotel rooms in South India Who we are Group Legacy Owner & Developer of hotels in key cities Backed by 40-Year Foundation and financial primarily in South India strength of Brigade Enterprise Limited (BEL) Our Segment Luxury (4) Upper Upsc
Slide 15: 2nd Largest Owner of chain-affiliated hotels in South India
2nd Largest Owner of chain-affiliated hotels in South India Well Positioned to capture Industry Tailwinds 151 1,604 1,700 Grand Mercure Existing Keys Upcoming keys Ahmedabad GIFT City ~3,300 Total Portfolio 126 Key Growth Drivers: Grand Mercure Bangalore 272 • Strengthening presence in high-growth H
Slide 16: Affiliated with Global Hospitality Brands
Affiliated with Global Hospitality Brands… Overview of our existing portfolio Marriot International Accor IHG - Hotels & Resorts Sheraton Grand Bangalore at Brigade Gateway Grand Mercure Bangalore Holiday Inn Chennai OMR IT Expressway Upper Upscale Upscale Upper Midscale Grand Mercure Mysore Upscale
Slide 17: Strengthening the Partnership with Upcoming Pipeline
Strengthening the Partnership with Upcoming Pipeline Portfolio Diversification through Strategic Expansion S. No. Project Keys Segment Location Timeline of completion 1 Courtyard by Marriot Chennai World Trade Centre 45 Upscale OMR, WTC Chennai FY27 Bengaluru International 2 Fairfield by Marriott Be
Slide 18: Strategic Capital Allocation
Strategic Capital Allocation Capex and financing through FY31 ~60% of the expansion is to be funded through Debt and balance through Internal Accruals To be Funded through Internal Accruals + Borrowings To be Funded through ~₹2,000-2,200 Crs. ~₹4,613-4,913 Crs. IPO Proceeds + Internal Accruals + Bor
Slide 19: Funding of Capex through Internal Accruals
Funding of Capex through Internal Accruals Over ₹1000 Crs. + ~₹800 - ₹900 Crs. of internal accruals* ₹1,000 Crs.+ Internal Accruals ~₹300 - ₹350 Crs. of internal accruals* ₹ 120 Crs. FY26 FY27 FY28 FY29 Next 2 years Delivered 11%+ ARR • ARR continue to • Ramp up of operations at • Strategic shift to
Slide 20: Upcoming Pipeline (1/2)
Upcoming Pipeline (1/2) Artist impressions InterContinental Hyderabad Brigade Gateway Grand Hyatt Chennai ECR The Ritz-Carlton, Vaikom Island Kerala Luxury Luxury Luxury Mixed use Property with iconic WTC, Intercontinental Hotel and Orion Mall Beach Resort Beach Resort 19
Slide 21: Upcoming Pipeline (2/2)
Upcoming Pipeline (2/2) Artist impressions Fairfield by Marriott Bengaluru Brigade Valencia JW Marriott Chennai OMR Upper Midscale Mixed use development within the larger Brigade Valencia development Luxury Fairfield by Marriott Bengaluru International Airport Thiruvananthapuram Marriott hotel World
Slide 22: Capital Raise through IPO
Capital Raise through IPO Oversubscribed IPO at 3.1x along with Pre-IPO placement to 360-One Alternates Asset Management Limited IPO Proceeds* of ₹886 Crs. 31st July 2025 (Incl. Pre-IPO) Use of proceeds Estimated Deployment Deployment Funded from Project Net Proceeds As of FY26 FY27 31st Mar’26 Debt
Slide 23: Brigade Group Overview
Brigade Group Overview Among the top 10 listed Developers in India* South India Dominance Completed 300+ Almost 4 Decades of Builder of A-Grade with strong presence Buildings with 100 Mn+ Experience Properties across 6 Cities sq. ft. delivered Residential Properties Commercial Properties Retail Prop
Slide 24: Competitive Strengths
Competitive Strengths Key Growth Strategies
Slide 25: Key Growth Strategies
Key Growth Strategies Growth Market Advantage Strong market position capitalizes on air passenger growth outpacing new hotel inventory, creating Operational Excellence demand-supply mismatch through Asset Management Driving efficiencies and Cost Reduction Strong Parentage of Brigade Group by Ensurin
Slide 26: Well Positioned to Leverage Industry Tailwinds
1. Well Positioned to Leverage Industry Tailwinds (1/2) Strong Foothold in High-Growth Markets Demand Growth continues to outpace Supply Growth in India Influx of Domestic & Foreign Tourists Domestic Tourism (in Mn.) Supply (‘000s) Demand (‘000s) 5,000 Structural Tailwinds 2,322 315 208 236 < CY2001
Slide 27: Air Passenger Travel Drives Demand
1. Air Passenger Travel Drives Demand Limited New Hotel Inventory Creating supply Opportunity Air Passenger Movement for Select Markets (₹ Mn) Demand Supply Mismatch 10 Bangalore 15 Share of Indian Air Traffic Supply share of Hotel Inventory 42 7 23.0% 29.0% Hyderabad 10 24 FY25 FY25 10 Chennai 14 2
Slide 28: Strong Parentage of Brigade Group
2. Strong Parentage of Brigade Group Ensuring Timely build and Elevated Brand Standards Leveraging Relationship – Subsidiary of Brigade Enterprises Limited (BEL)1 Locating strategic land parcels based Strong reputation, network and on deep understanding of market relationships helps secure corporate
Slide 29: Asset Alignment with Demand
3. Asset Alignment with Demand Strategically expanding and diversifying its Hotel Portfolio Existing Upcoming Courtyard by Marriot | WTC in Chennai Central Business Districts (CBD) / Commercial Centres Marriott | WTC in Kerala InterContinental Hotels & Resorts | Kokapet, Hyderabad Mixed Use Developm
Slide 30: Operational Excellence through Asset Management
4. Operational Excellence through Asset Management Driving efficiencies and Cost Reduction Green Buildings 9 Energy Management 61% E-Mobility Hotels 8 of 9 operational hotels have EV charging 20% or more Renewable Energy Consumption Q4 stations FY26 saving in Energy, Water and reduction in embodied
Slide 31: Board of Directors
5. Board of Directors Corporate Oversight & Direction Amar Shivram M R Jaishankar Vineet Verma Nirupa Shankar Mysore Additional Director Non-Executive & Managing Director Non-Executive & and Non-Executive Non-Independent Non-Independent Chairman Director Director • Associated with the Brigade Group
Slide 32: Key Management Team
5. Key Management Team Deep Sector Expertise Driving Execution Ananda Natarajan Manoj Agarwal Rayan Aranha Arindam Mukherjee Akansha Bijawat CFO COO Vice President President, Engineering Company Secretary & Compliance Officer • Associated with the Brigade • Formerly with InterGlobe • Formerly with A
Slide 33: Financials: Historical Financials
Financials Historical Financials
Slide 34: Historical Profit & Loss Statement
Historical Profit & Loss Statement Consolidated P&L Profit and Loss (In ₹ Crs.) FY23 FY24 FY25 FY26 Total Income 356 405 471 543 Cost of Goods Sold 35 40 45 47 Employee Cost 63 76 86 104 Other Expenses 155 144 173 200 EBITDA 103 145 167 192 EBITDA Margin (%) 28.9% 35.8% 35.5% 35.4% Depreciation 49 4
Slide 35: Historical Balance Sheet
Historical Balance Sheet Consolidated Balance Sheet Equity & Liabilities (in ₹ Crs.) Mar-23 Mar-24 Mar-25 Mar-26 Assets (in ₹ Crs.) Mar-23 Mar-24 Mar-25 Mar-26 Total Equity 48 79 102 981 Non - Current Assets 751 819 860 1,081 Equity share capital 1 1 281 380 Property, plant and equipment 730 904 627
Slide 36: Historical Cashflow Statement
Historical Cashflow Statement Consolidated Cashflow Particulars (In ₹ Crs.) Mar-23 Mar-24 Mar-25 Mar-26 Net Profit Before Tax -4 32 45 86 Adjustments for: Non -Cash Items / Other Investment or Financial Items 102 112 120 89 Operating profit before working capital changes 98 144 165 175 Changes in wo
Slide 37: Key Ratios
Key Ratios Consolidated Ratios RevPar ( in ₹) & Occupancy (%) Average Room Rate (in ₹) 69.6% 73.3% 76.8% 76.1% 5,669 7,453 5,138 6,388 6,694 4,681 5,944 4,136 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Occupancy (%) Return on Adjusted Capital1 & Return on Operating Net Debt (in ₹ Crs.) & Net Debt/ Equi
Slide 38: Thank You
THANK YOU For further information, please contact: Brigade Hotel Ventures Ltd. Investor Relations: Strategic Growth Advisors (SGA) CIN: L74999KA2016PLC095986 CIN: U74140MH2010PTC204285 Mr. Ananda Nataranjan – CFO Mr. Deven Druva / Ms. Prachi Chhugani investors@bhvl.in deven.dhruva@sgapl.net / prachi
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