Brigade Group reported a robust financial performance in the first quarter of FY27, with Profit Before Tax rising 47% year-on-year to ₹285 Crores. The real estate developer posted consolidated revenue of ₹1,179 Crores and EBITDA of ₹425 Crores. Revenue for the period contrasted sharply with the ₹1,333 Crores recorded during the same quarter in FY26, although the bottom line showed a significant improvement. PAT climbed to ₹217 Crores, up from ₹158 Crores in the prior year.
Consolidated Financial Performance
The real estate division remains the primary revenue driver, accounting for ₹1,061 Crores in sales and ₹707 Crores in revenue. Average real estate realization increased 21% year-on-year to ₹14,256 per sq ft, reflecting improved pricing power. The division’s EBITDA stood at ₹150 Crores, representing a margin of 21%.
Leasing revenue rose to ₹328 Crores, a 9% increase from the ₹300 Crores posted in Q1 FY26. Growth in this area was supported by a premium brand mix, events, and customer experience initiatives. Mall footfalls increased 11% year-on-year, while retailer sales jumped 35%.
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Global brands across fashion, lifestyle, dining and family retail drove that momentum.
The hospitality segment continued to perform steadily despite global challenges. Revenue stood at ₹144 Crores, with portfolio occupancy at 76% and an Average Room Rate (ARR) of ₹7,241.
The company’s growing reliance on leasing and hospitality alongside residential sales appears to be creating a more stable financial foundation. As urban demand shifts toward integrated destinations that combine living, working, and shopping, businesses like Brigade are finding that diversified portfolios can offer more predictable cash flows compared to pure-play development projects.
This strategic shift not only stabilizes cash flows but aligns with the management’s vision of developing integrated destinations.
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Future Pipeline and Strategy
The quarter’s performance coincides with a major expansion drive. Brigade Group plans nearly 12 million square feet of launches and expands its pipeline through a strategic partnership with Bain Capital for a mixed-use development in Whitefield. During the quarter alone, the firm launched approximately 4 Mn sq ft of commercial projects across Bengaluru and Hyderabad.
Pavitra Shankar, Managing Director, Brigade Group, commented on the results. A 21% rise in realizations points to 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.
Management emphasized that the focus remains on creating integrated destinations that bring together homes, workplaces, hospitality and retail, while driving sustainable value for all stakeholders.
