“Oberoi Realty’s profit jumps 29%—but is luxury real estate still a safe bet?”

🏢 Q2 FY26 Financial Highlights - Net Profit: ₹760.3 crore, up 29% YoY, beating Bloomberg estimates of ₹613.8 crore - Revenue: ₹1,779 crore, up 34.8% YoY, driven by strong residential sales - Dividend: ₹2 per share (second interim dividend for FY26) declared - Stock Price: Closed at ₹1,600.95 on BSE as of October 15, 2025 📌 Investor Watchouts - Luxury Segment Exposure: Heavy reliance on premium residential projects makes earnings sensitive to demand cycles - Regulatory Overhangs: Any delays in approvals or policy changes could impact project timelines - Valuation Premium: Trading at a premium compared to peers, which may limit upside unless growth sustains 🚀 Future Growth Drivers - Project Pipeline: Strong launch momentum expected in Mumbai suburbs and Thane - Luxury Demand: Continued appetite for high-end homes among HNIs and NRIs - Commercial Leasing: Steady growth in rental income from office and retail spaces 📈 Market Expectations - Execution Focus: Timely delivery and inventory monetization will be key - Geographic Diversification: Investors expect expansion beyond Mumbai to de-risk portfolio - Sustainable Margins: Maintaining high EBITDA margins amid rising input costs will be closely watched