Brigade Enterprises has closed FY26 with its best-ever revenue performance, even as residential bookings saw a modest dip due to approval delays. Total income for the year rose to Rs 5,909 crore in the last fiscal from Rs 5,313.54 crore in the 2024-25 fiscal, while consolidated profit after tax reached ₹725 crore for the fiscal year, a 7% increase from FY25, significantly bolstered by strong contributions from its hospitality and commercial business segments.
On the residential side, the numbers tell a more nuanced story. Brigade's residential segment recorded pre-sales totaling ₹7,424 crore for the full fiscal year, marking a 5% dip compared to FY25, attributed by management to ongoing delays in obtaining project approvals. Managing Director Pavitra Shankar explained the shortfall to analysts, noting that many project launches pushed to the latter half of Q4 and some moving into FY27, while new launches contributed to 43 per cent of full-year pre-sales despite being concentrated in the back end of the year. In terms of volume, the company ended the year with 8.3 million square feet of new launches in FY26 versus the plan of 12 million square feet, with around 3.3 million square feet that got pushed into FY27 concentrated in Chennai.
Despite the launch delays, pricing power stayed firm. The company saw an improvement in residential property values, with average realizations rising 9% to ₹12,107 per square foot, while commercial operations were strong with approximately 1.1 million square feet leased during the year, and rental collections across its commercial portfolio remained high at nearly 99%. The hospitality arm added further momentum, with a robust 15% year-over-year growth in revenue and EBITDA, though geopolitical tensions caused some event cancellations.
The final quarter of the year showed the pipeline finally opening up. Management noted that specifically for Q4, the company launched 4 million square feet which resulted in presales of rupees 2,521 crores, a quarter-on-quarter increase of 44% by value. Notable Q4 launches included Brigade Lumina, which was almost fully sold out, along with Brigade Belvedere Phase 1 in Bengaluru, Brigade Stellaris in Chennai, and Brigade Manor and Enclave in Hyderabad.
Looking ahead, Brigade has set an ambitious tone for FY27. The company is targeting pre-sales of at least ₹9,000 crore, which would mark a 20% increase from FY26, supported by plans to launch 11.6 million square feet of residential projects with an estimated total project value of ₹11,900 crore. This pipeline is spread across the company's core markets, with 4.5 million square feet expected in Bengaluru and 3 million square feet each in Chennai and Hyderabad. On the commercial and land bank front, Brigade plans to keep replenishing inventory, particularly in Bengaluru and Hyderabad markets, with a focus on replenishing its land bank, and has also entered a new 50-50 joint venture with Bain for a 10.8-acre project in Whitefield, Bangalore, including approximately 2 million square feet of office space and a 250-key 5-star hotel.
Brigade's board also rewarded shareholders alongside the operational update, recommending a final dividend of Rs 2 per equity share on a face value of Rs 10 each, along with a bonus issue of 1:3, giving one additional equity share of Rs 10 each for every three equity shares held by shareholders.
The momentum has continued into the new fiscal year. In its most recent update, Brigade confirmed that 9.36 million square feet is planned for launch during the remainder of FY27, with 2.36 million square feet targeted for Q2 and 7 million square feet expected in the second half. Key projects on the near-term launch calendar include Brigade Neopolis 2.0 in Hyderabad, expected in Q2 pending final approvals, and Whitefield Hosapete, now scheduled for Q3, while Brigade Utopia Phase 2 has been pushed to Q1 FY28. Management has stayed confident on the full-year target, reaffirming that its FY27 pre-sales guidance of INR 9,000 crores, expressing confidence that the upcoming launch pipeline would drive acceleration from Q2 onward.
For homebuyers, this pipeline translates into real choice over the coming quarters — from lake-facing luxury towers in Hyderabad's Neopolis micro-market to large integrated townships along Bengaluru's Whitefield-Hoskote corridor and phased launches in Chennai. With realizations trending upward and Brigade doubling down on approvals-cleared launches, buyers eyeing a Brigade home in FY27 can expect a steadier, more visible launch calendar than the one seen through FY26.
