Restaurant India News: Brigade Hotel Ventures Delivers Strong Q1 with Growth Across Key South Indian Markets

Brigade Hotel Ventures Limited (BHVL), the second-largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners as of March 31, 2025, has reported strong year-on-year growth for the quarter ended June 30, 2025.

For Q1 FY26, portfolio revenue reached Rs 125 crore, up 22 percent from Rs 102.2 crore in Q1 FY25. EBITDA stood at Rs 41.8 crore, a 24 percent increase from Rs 33.6 crore a year earlier. Food and beverage revenue grew 32 percent year-on-year to Rs 43.9 crore from Rs 33.4 crore.

Bangalore and Chennai recorded RevPAR growth of around 12 percent and 13 percent year-on-year respectively, while GIFT City in Gujarat delivered approximately 44 percent growth, supported by demand from the IT and financial sectors. The company attributed performance resilience to disciplined rate management and event-driven demand capture despite seasonal and geopolitical challenges.

Nirupa Shankar, Managing Director, Brigade Hotel Ventures Limited, said: “Our Q1 performance reflects the strength of our diversified portfolio and our ability to navigate market challenges while capturing new opportunities. With disciplined pricing, strategic market positioning, continued focus on optimising operating costs and a sharp focus on guest experience, we have sustained growth momentum across key markets. The improved performance in GIFT City and the rapid ramp-up of ibis Styles Mysuru demonstrate our agility in tapping high-growth segments.”

The company’s F&B revenue growth underscores its continued investment in enhancing dining experiences across its portfolio. BHVL’s portfolio is now fully EDGE-certified (Excellence in Design for Greater Efficiencies), a green building standard by the International Finance Corporation (IFC). This certification reflects over 20 percent reduction in energy and water usage, along with lower embodied carbon in materials.

Following its IPO, BHVL plans to add nine new hotels and double its key count over the next four to five years, funded through IPO proceeds and operating cash flows. Growth is expected to be driven by sustained corporate travel, MICE events, festive season demand, and the growing “bleisure” travel segment. Domestic travel remains the primary focus, with inbound tourism showing steady recovery.