Revenue declined 12.9% year-on-year to ₹1,115.6 crore from ₹1,281.1 crore in Q1FY26. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 11.7% to ₹361.4 crore from ₹323.7 crore, while the EBITDA margin expanded to 32.4% from 25.3%.
Profit before tax (PBT) stood at ₹285 crore, up 47% from the year-ago period. Average realisation increased 21% to ₹14,256 per square foot from Q1FY26.
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The real estate segment reported revenue of ₹707 crore and EBITDA of ₹150 crore, up 45% year-on-year. The segment’s EBITDA margin stood at 21%.
The leasing segment reported revenue of ₹328 crore, compared with ₹300 crore in Q1FY26, registering 9% year-on-year growth. Premium brand mix, events, brand activations and customer experience drove an 11% year-on-year increase in mall footfalls. Retailer sales grew 35% year-on-year, led by global brands across fashion, lifestyle, dining and family retail.
Brigade launched around 4 million square feet of commercial projects in Bengaluru and Hyderabad during the quarter. The hospitality segment also recorded growth during the quarter. Revenue stood at ₹144 crore, with portfolio occupancy at 76% and average room rate (ARR) at ₹7,241.
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Pavitra Shankar, Managing Director, Brigade Group, said, “Achieving a 21% growth in realisations 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.”
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Shares of Brigade Enterprises Limited ended at ₹586.90, down by ₹5.95, or 1.00%, on the BSE.
