Bengaluru : Brigade Group reported a strong Q1 FY27 performance with real estate sales of ₹ 1,061 Crores, revenue of ₹ 1,179 Crores and EBITDA of ₹ 425 Crores. The Profit Before Tax of 285 Crores, increased by 47% compared with the same period last year. The average realization stood at ₹ 14,256/sft, an increase of 21% over Q1 FY26.
Performance Highlights Q1 FY27
Real Estate segment clocked a revenue of ₹ 707 Crores and achieved an EBITDA of 21% amounting to ₹ 150 Crores, an increase of 45% over Q1 FY26.
Leasing segment revenue stood at ₹ 328 crores from ₹ 300 crores last year Q1, witnessing a growth of 9% YoY in revenue. Premium brand mix, events, brand activations and customer experience led to growth in mall footfalls by 11% Y-o-Y. Retailer sales grew by 35% Y-o-Y led by global brands across fashion, lifestyle, dining & family retail. Brigade launched ~ 4 Mn sft of commercial projects in Bengaluru & Hyderabad during the quarter.
Hospitality segment demonstrated a steady growth despite global challenges. Revenue stood at ₹ 144 Crores, portfolio occupancy at 76% & ARR at ₹ 7,241.
Commenting on the results, Pavitra Shankar, Managing Director, Brigade Group said, “Achieving a 21% growth in realizations, underscores the growing preference for thoughtfully designed projects in well-connected micro-markets. Looking ahead, with nearly 12 million square feet of launches planned and our strategic partnership with Bain Capital for a landmark mixed-use development in Whitefield, we are significantly strengthening our future pipeline in high-growth markets. Our annuity businesses across leasing, retail and hospitality continued to be resilient.
As India’s urban transformation accelerates, we remain focused on creating integrated destinations that bring together homes, workplaces, hospitality and retail, while driving sustainable value for all stakeholders.”
Financial Summary Q1 FY27 (Consolidated)
Revenue stood at ₹ 1,179 crores as compared to ₹ 1,333 crores in Q1 FY26
Achieved EBITDA of 36% at ₹ 425 crores as compared to 28% at ₹ 375 crores in Q1 FY26
Achieved PBT of ₹ 285 crores as compared to ₹ 194 crores in Q1 FY26
Achieved PAT of 18% at ₹ 217 crores as compared to 12% at ₹ 158 crores in Q1 FY26