Analysts/Institutional Investor Meet/Con. Call Updates

Ref: BHVL/NSEBSE/TCR/11082026 August 11, 2026 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Mumbai – 400 001 Re.: Scrip Symbol: BRIGHOTEL /Scrip Code: 544457 Dear Sir/ Madam, Subject: Transcript of Conference Call on the Company’s Q1 FY ’27 Earnings – August 06, 2026 We are enclosing herewith the transcript of the Conference Call on the financial and operational performance of the Company for Q1 FY ‘27 held on Thursday, August 06, 2026. Kindly take the same on your records. Thanking you, Yours faithfully, For Brigade Hotel Ventures Limited Akanksha Bijawat Company Secretary & Compliance Officer Encl: a/a “Brigade Hotel Ventures Limited Q1 and FY27 Earnings Conference Call” August 06, 2026 MANAGEMENT: MS. NIRUPA SHANKAR – MANAGING DIRECTOR OF BRIGADE HOTEL VENTURES LIMITED MR. VINEET VERMA – DIRECTOR – BRIGADE HOTEL VENTURES LIMITED MR. ANANDA NATARAJAN – CHIEF FINANCIAL OFFICER – BRIGADE HOTEL VENTURES LIMITED MR. RAYAN ARANHA – VICE PRESIDENT – BRIGADE HOTEL VENTURES LIMITED Page 1 of 12 Brigade Hotel Ventures Limited August 06, 2026 Moderator: Ladies and gentlemen, good afternoon and welcome to Brigade Hotel Ventures Limited Q1 FY27 Earnings Conference Call. Before we begin, I would like to remind participants that this conference call may contain forward-looking statements which are based on the beliefs, opinions, and expectation of the company as on date of this call. These statements are not guarantee of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchstone phone. I now hand the conference over to Ms. Nirupa Shankar, Managing Director of Brigade Hotel Ventures Limited. Thank you and over to you, ma’am. Nirupa Shankar: Thank you. Good afternoon everyone and a very warm welcome to Brigade Hotel Ventures Limited Q1 FY27 earnings conference call. I am joined today by members of our senior leadership team, Mr. Vineet Verma, Director, Mr. Anand Natarajan, our CFO, and Mr. Rayan Aranha, our Vice President. Before I get into our numbers, I want to spend a moment on the operating environment. The conflict in West Asia remained the dominant factor through April and June. Airspace disruptions and rerouting pushed up fares and journey times on several international and connecting routes. Energy and fuel costs stayed elevated and inflationary pressures persisted through the quarter. For an industry that runs on discretionary travel and event planning, a geopolitical shock of this nature is bound to have an impact. However, we were able to anticipate the reduction in foreign travel and we focused generating demand from local and domestic accounts. Due to this, we were able to drive up our ADR by 7%, our occupancy by 2%, and both our RevPAR and our EBITDA by 9%. I am happy to report that we were also able to increase our profit by 140% from INR7 crores to INR17 crores. The encouraging part is that the sector's underlying demand engine, that is the domestic corporate travel, weddings, and social events, were largely able to absorb the shock of the West Asia crisis. Corporate travel budgets held up, social calendars continued largely as planned, and the structural undersupply of quality hospitality inventory in India’s key micro markets meant that operators with the right positioning were able to hold pricing. This is a distinction worth drawing out. Our RevPAR growth this quarter was rate-led rather than occupancy-led, which speaks to the quality and positioning of our assets rather than simply riding a favourable demand cycle. It was on the F&B side, where we saw performance getting impacted due to cancellation and postponement of large MICE events, not just for our hotel but in the entire city. MICE activity was soft on account of comparatively dry event calendar during the quarter, a trend that has worsened by the geopolitical tensions. We see this as a temporary event-driven softness rather than a structural change in demand. On the portfolio front, the quarter saw the rebranding of the ‘Four Points by Sheraton Kochi Infopark’ to ‘Courtyard by Marriott Kochi Infopark’. We expect this transition to support ARR realization over time and given the strength of the Courtyard brand and the strong demand Page 2 of 12 Brigade Hotel Ventures Limited August 06, 2026 emanating from Kochi’s IT corridor, spanning both corporate and leisure segments. Looking at the base business, our existing portfolio is well-placed for steady ARR growth supported by favourable demand-supply balance and minimal new supply coming into our core micro markets. This gives us confidence in sustained pricing traction and improved realizations over the medium term, even as the broader macro environment remained somewhat uncertain. On growth for FY27, we will see the launch of the Courtyard by Marriott Chennai in the World Trade Center, a 45-key hotel that helps strengthen our footprint in a high-demand business district and adds another premium well-located asset to the portfolio. We have a clear growth runway with the additional 1,700 keys under development, set to expand our portfolio to 3,300 keys by FY31. The expansion will be anchored by brands like Grand Hyatt, InterContinental, JW Marriott, and the Ritz-Carlton across Bangalore, Chennai, Hyderabad, and Kochi. This will lift our luxury and upper upscale mix from 14% today to 31% by FY29 and 38% by FY31, positioning BHVL in the segment with the strongest pricing power and demand-supply mismatch. Of our INR3,600 crores planned capex for this expansion, INR400 crores was already invested in FY26 and we expect to invest another INR500 crores in FY27. On the sustainability front, we now use renewable energy for 61% of our total energy needs across the portfolio with several hotels already operating above 90% renewable energy usage, a metric we continue to track and improve as part of our broader operating discipline. We would like to inform you of a movement in leadership at BHVL. Manoj Agarwal, our former COO, has resigned and we wish him all the very best. He will be replaced by Mr. Vinay Gupta, who will join us as the CEO of Brigade Hotel Ventures Limited. We have known Vinay for a very long time. In fact, he was the GM of our very first property, Grand Mercure Bangalore. He has since gained tremendous experience in the hospitality industry, having worked with Accor, SAMHI and InterGlobe, along with his own entrepreneurial venture. We look forward to his joining us shortly. With that, I would now like to hand over the call to our CFO, Mr. Ananda Natarajan, to take you through the financial highlights in detail. Ananda Natarajan: Thank you, Nirupa. Good afternoon everyone and thank you for joining Brigade Hotel Ventures Limited Q1 FY27 earnings call. I will now take you through the key financials for the quarter. On a consolidated basis, the total income for Q1 FY27 stood at INR131 crores reflecting a 5% year-on-year growth. Consolidated EBITDA increased by 9% year-on-year to INR46 crores with EBITDA margin at 34.8%. GST 2.0 had an impact of 1.6% on the EBITDA margin during the quarter. Profit after tax stood at INR17 crores as against INR7 crores in Q1 FY26, registering a 140% year-on-year growth. From an operating perspective, ARR for the quarter was INR7,241 up 7% year-on-year, while occupancy stood at 75.7%. This resulted in RevPAR of INR5,479 representing a 9% year- on-year increase. Page 3 of 12 Brigade Hotel Ventures Limited August 06, 2026 As of 30th June 2026, we had a net cash position of INR108 crores reflecting the continued [Showing first 8,000 characters — download PDF for full document]