Brigade Hotel Ventures Ltd on Wednesday reported a 140 per cent rise in consolidated profit after tax (PAT) to ₹17 crore for the first quarter ended June.The company had posted a net profit of ₹7 crore in the April-June period of the preceding fiscal, according to a regulatory filing.During the quarter under review, total revenue stood at ₹131 crore, compared to ₹125 crore in the year-ago period.Bengaluru continued to lead the growth for the hospitality firm with RevPAR (Revenue Per Available Room) rising 10 per cent year-on-year to ₹7,099 in Q1 FY27 from ₹6,437 in Q1 FY26. The growth was supported by an improved ARR (average room rate), which increased to ₹8,435 from ₹8,223 a year ago, the company said in a statement.The occupancy rate stood at 84.2 per cent in the quarter under review.Nirupa Shankar, Managing Director, Brigade Hotel Ventures, said, “Q1 FY27 reflected steady, broad-based improvement across our portfolio, with resilient domestic demand despite softer corporate/MICE activity, air travel disruptions, and a quiet events calendar weighing on banqueting and F&B." “We remain focused on our expansion plans of doubling our keys and building a diversified portfolio across luxury, leisure, and business segments," she added.The quarter also saw the rebranding of the Kochi Infopark property to Courtyard by Marriott. The launch of Courtyard by Marriott at WTC Chennai is scheduled for Q3 FY27 (October-December), Brigade Hotel said.Published on August 6, 2026