Brigade Hotel Ventures Limited · NSE:BRIGHOTEL
Brigade Hotel Ventures — Q3 FY26 Earnings Presentation
35 slides from Brigade Hotel Ventures's earnings presentation, Jan 28, 2026
Slide 1: Exchange filing cover letter for Q3 FY26 investor presentation
Ref: BHVL/NSEBSE/IP/28012026 January 28, 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 Q3 FY26 January 2026
Cover Slide INVESTOR PRESENTATION | Q3 FY26 | JANUARY 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: Q3 & 9M FY26 Financial Performance
Q3 & 9M FY26 Financial Performance 3
Slide 5: From MD's Desk
From MD’s Desk “Brigade Hotel Ventures reported a strong performance in Q3 FY26. Average Room Rates and RevPAR, both increased by 17% year-on-year, while occupancy remained at a healthy 76.1%. Total income for the quarter stood at ₹143 crore, growing 14% year-on-year, reflecting consistent operating
Slide 6: Q3FY26 Consolidated Financial Highlights
Q3FY26 Consolidated Financial Highlights Financial leverage aiding the company to become profitable Total Income (₹ Crs.) EBITDA (₹ Crs.) PAT (₹ Crs.) Margins % 35.1% 35.9% +14% +17% 143 51 22 Q3 FY26 125 +126% 44 88 76 10 44 46 5 9 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Room F&B Others Total Inc
Slide 7: Q3 & 9M FY26 Hospitality KPIs: Consolidated Performance
Q3 & 9M FY26 Hospitality KPIs: Consolidated Performance ARR, RevPar and Occupancy trends Quarterly YTD RevPar (In ₹) RevPar (In ₹) +17% +12% 5,973 5,465 5,085 4,866 Q3FY25 Q3FY26 9MFY25 9MFY26 ARR (In ₹) ARR (In ₹) 75.8% 76.1% 76.1% 75.4% +17% +13% 7,852 7,246 6,708 6,396 Q3FY25 Q3FY26 9MFY25 9MFY26
Slide 8: Q3 & 9M FY26 Hospitality KPIs: Same Store Performance
Q3 & 9M FY26 Hospitality KPIs: Same Store Performance Strong Momentum driving double digit growth in RevPar and ARR Quarterly YTD RevPar (In ₹) RevPar (In ₹) +16% +14% 6,163 5,702 5,326 5,013 Q3FY25 Q3FY26 9MFY25 9MFY26 ARR (In ₹) ARR (In ₹) 78.4% 76.4% 77.9% 76.6% +19% +16% 8,062 7,440 6,797 6,436
Slide 9: Geography wise Performance
Geography wise Performance Double digit ARR and RevPar growth across geographies Same Store* Portfolio Level Q3 FY26 Q3 FY25 YOY % 9M FY26 9M FY25 YoY % YOY % 1. Average Room Rate (₹) Bengaluru 9,429 7,931 19% 19% 8,800 7,529 17% Others 6,406 5,583 15% 17% 5,772 5,176 12% Combined 7,852 6,708 17% 19
Slide 10: Profit & Loss Statement
Profit & Loss Statement Q3FY26 Consolidated P&L In ₹ Crs. Q3FY26 Q3FY25 YoY 9MFY26 9MFY25 YoY ❖ Total Income for Q3 FY26 stood at ₹143 Cr, up 14% YoY. For 9M FY26 Total Income 142.9 124.9 14% 397.8 335.5 19% Total income was ₹398 Cr, up 19% YoY. COGS 13.3 11.9 36.3 32.2 ❖ Growth was primarily driven
Slide 11: 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 65.1% 65.9% 65.8% 67.7% 6.6% 5.8% 5.5% 5.0% Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Staff to Room Ratio Employee Cost as a
Slide 12: Business Overview
Business Overview
Slide 13: 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 14: 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 15: 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 16: Strengthening the Partnership with Upcoming Pipeline
Strengthening the Partnership with Upcoming Pipeline Portfolio Diversification through Strategic Expansion Timeline of S. No. Project Keys Segment Location completion 1 Courtyard by Marriot Chennai World Trade Centre 45 Upscale OMR, WTC Chennai FY27 2 Fairfield by Marriott Bengaluru International Ai
Slide 17: 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 16
Slide 18: 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 19: 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 Dec’25 Debt
Slide 20: 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 21: Competitive Strengths
Competitive Strengths Key Growth Strategies
Slide 22: 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 23: 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 24: 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 25: 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 26: 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 27: Operational Excellence through Asset Management
4. Operational Excellence through Asset Management Driving efficiencies and Cost Reduction Green Buildings 9 Energy Management 66% E-Mobility Hotels 8 of 9 operational hotels have EV charging 20% or more Renewable Energy Consumption Q3 stations FY26 saving in Energy, Water and reduction in embodied
Slide 28: 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 29: 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 30: Financials: Historical Financials
Financials Historical Financials
Slide 31: Historical Profit & Loss Statement
Historical Profit & Loss Statement Consolidated P&L Profit and Loss (In ₹ Crs.) FY25 FY24 FY23 Total Income 471 405 356 Cost of Goods Sold 45 40 35 Employee Cost 86 76 63 Other Expenses 173 144 155 EBITDA 167 145 103 EBITDA Margin (%) 35.5% 35.7% 28.9% Depreciation 50 44 49 Finance Cost 73 69 69 Exc
Slide 32: Historical Balance Sheet
Historical Balance Sheet Consolidated Balance Sheet Equity & Liabilities (in ₹ Crs.) Mar-25 Mar-24 Mar-23 Assets (in ₹ Crs.) Mar-25 Mar-24 Mar-23 Total Equity 102 79 48 Non - Current Assets 860 819 751 Equity share capital 281 1 1 Property, plant and equipment 730 651 627 Instruments entirely equity
Slide 33: Historical Cashflow Statement
Historical Cashflow Statement Consolidated Cashflow Particulars (In ₹ Crs.) Mar-25 Mar-24 Mar-23 Net Profit Before Tax 45 32 -4 Adjustments for: Non -Cash Items / Other Investment or Financial Items 120 112 102 Operating profit before working capital changes 165 144 98 Changes in working capital -11
Slide 34: Key Ratios
Key Ratios Consolidated Ratios RevPar ( in ₹) & Occupancy (%) Average Room Rate (in ₹) 69.6% 73.3% 76.8% 75.4% 5,138 5,465 7,246 6,388 6,694 4,681 5,944 4,136 FY23 FY24 FY25 9MFY26 FY23 FY24 FY25 9MFY26 Occupancy (%) Return on Adjusted Capital1 & Return on Operating Net Debt (in ₹ Crs.) & Net Debt/
Slide 35: 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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