Brigade Reports Robust Q1 FY26 Launch Pipeline Across South India

Brigade Group reported a net profit jump to Rs 158 crore in Q1 FY26 ended June 30, up 95 per cent from Rs 81 crore in the same quarter last year, driven by residential business and pipeline of launches across cities. The company's revenue from operations rose to Rs 1,281 crore in Q1 against Rs 1,078 crore, up 18.87 per cent.

Pre-sales for the quarter stood at Rs 1,118 crore, with a sales area of 0.95 million square feet, reflecting sustained buyer interest in Brigade's branded offerings. Real estate revenue rose 22 per cent to Rs 892 crore, compared with Rs 733 crore in Q1 FY25. The company's disciplined approach to pricing continues to yield results: Brigade's FY26 average realization increased 9% year-on-year to INR 12,107 per square foot, achieved with disciplined pricing increases in existing projects and a positive shift toward higher-value homes.

According to Managing Director Pavitra Shankar, FY26 began on a strong note for Brigade Group, with residential business continuing as a key growth driver, supported by a strong pipeline of launches across Bengaluru, Chennai and Hyderabad. The office segment has seen sustained momentum, with increased leasing activity. This multi-segment strength underscores Brigade's diversified revenue streams beyond residential.

Market Tailwinds Across Three Cities: Chennai and Hyderabad recorded the strongest annual growth, with sales rising by 12% and 4%, respectively, while Bengaluru was broadly stable. Bengaluru, Chennai, Delhi NCR, and Kolkata topped price growth at more than 12% each, while Hyderabad recorded 8% appreciation in Q1 2026. Chennai is quietly becoming one of India's best-performing residential markets, a market where Brigade has accelerated its presence.

Looking Ahead: For FY26, Brigade Group is targeting a 15 per cent rise in pre-sales, aiming to achieve Rs 9,000 crore by the end of the current financial year. For FY27, the residential launch pipeline stands at 11.6 million square feet with a GDV of INR 11,900 crores, with expected launches of 4.5 million square feet in Bengaluru and 3 million square feet each in Chennai and Hyderabad. This pipeline reinforces Brigade's commitment to geographic diversification and balanced growth across India's fastest-growing metros.