Advertisement
Brigade Hotel Ventures reported a notable increase in its profit after tax during the past quarter, reflecting steady momentum in its hospitality operations. The company also recorded healthy revenue growth compared with the same period last year. The management expressed its commitment to expanding its presence across high-growth locations, supported by a robust pipeline of new hotels and strategic brand partnerships. The firm further shared its long-term plans for substantial investment aimed at doubling its current portfolio by the end of the decade.
Hospitality firm Brigade Hotel Ventures reported a 57% rise in its profit after tax to INR 11 crore during the second quarter ended September, compared with INR 7 crore in the corresponding period of the previous year. The company stated that its total revenue stood at INR 130 crore in the past quarter, marking a 20% year-on-year increase. Advertisement
Nirupa Shankar, Managing Director of Brigade Hotel Ventures, mentioned that the company remained committed to strengthening its footprint in high-potential geographies, supported by a strong pipeline of upcoming projects and enduring brand alliances. She further noted that the firm had planned a total investment of around INR 3,600 crore to add nine new hotels, comprising approximately 1,700 keys. This expansion is expected to double its portfolio to 18 hotels, with a total of about 3,300 keys, by the end of the current decade.
She also added that the company's focus remained on enhancing revenue per available room (RevPAR) across its existing properties while actively expanding its presence in new markets.
Brigade Hotel Ventures' latest financial results underline its strong operational performance and strategic vision for growth in India's hospitality sector. With clear plans to double its hotel portfolio and continue driving RevPAR improvement, the firm aims to consolidate its position as a key player in the industry. Its ongoing investments and expansion into promising regions reflect confidence in long-term market potential and commitment to sustained value creation for stakeholders.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
