2 weeks ago
Brigade Group Q1 profit jumps 37% to ₹217 crore
Brigade Group is a big company that builds homes, offices, malls, and hotels in India.
The company shared how it did in the first three months of its financial year.
During this time, Brigade made much more profit than before — 37% more, which is a lot of money.
Even though the company collected less money overall than last year, it still kept more of what it earned.
It earns money in different ways: selling buildings, renting out offices, and running malls and hotels.
The malls did really well, with more people visiting and shoppers spending more.
Brigade also started building new offices in two big cities, Bengaluru and Hyderabad.
The company says its renting and hotel businesses are strong and dependable.
It has plans to build even more, working with a partner called Bain Capital.
Overall, the company is excited about its future.
Brigade Group's profit after tax rose 37% to ₹217 crore in Q1 of FY27.
Revenue declined 11.6% year-on-year to ₹1,179 crore in the quarter.
Real estate segment revenue stood at ₹707 crore, while leasing segment revenue was ₹328 crore.
Mall footfalls rose 11% and retailer sales grew 35% year-on-year, driven by a premium brand mix and brand activations.
The company launched 4 million sq ft of commercial projects in Bengaluru and Hyderabad and plans nearly 12 million sq ft of future launches.
- Who
- Brigade Group, an Indian real estate developer led by Managing Director Pavitra Shankar.
- What
- Reported first-quarter results with profit after tax rising 37% to ₹217 crore despite an 11.6% revenue decline.
- Where
- India, with new commercial project launches in Bengaluru and Hyderabad.
- When
- Q1 of fiscal year 2027, with results published on August 13, 2026.
- Why
- Growth was driven by a premium brand mix, events, brand activations, enhanced customer experience, and resilient annuity businesses in leasing, retail, and hospitality.
Key facts
- Company
- Brigade Group
- Profit after tax (Q1 FY27)
- ₹217 crore, up 37% YoY
- Revenue (Q1 FY27)
- ₹1,179 crore, down 11.6% YoY
- Real estate segment revenue
- ₹707 crore
- Leasing segment revenue
- ₹328 crore
- Hospitality segment revenue
- ₹144 crore with 76% occupancy and ARR of ₹7,241
- Retail performance
- Mall footfalls up 11% and retailer sales up 35% YoY
- New launches
- 4 million sq ft of commercial projects in Bengaluru and Hyderabad; ~12 million sq ft planned
- Strategic partnership
- Bain Capital partnership for a mixed-use development in Whitefield
Quotes
Pavitra Shankar
Managing Director of Brigade Group
“"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."”
thehindubusinessline.com







