Overview

• Prestige reported Q2 FY26 pre-sales of Rs 6,017.3 crore, a 50% year-on-year increase on robust housing demand.
• Quarterly sales volume reached 4.42 million sq ft with 2,069 units sold, as apartment realizations rose to Rs 14,906 per sq ft and plotted sales to Rs 9,510 per sq ft.
• First-half FY26 sales climbed to a record Rs 18,143.7 crore, up 157% year on year and above the company’s full-year FY25 tally, with H1 collections at Rs 8,730 crore and Q2 collections at Rs 4,210 crore.
• Bengaluru formed 40% of the Q2 sales mix versus 27% in H1, NCR was 18% in Q2 versus 45% in H1, and two Bengaluru project deliveries totaled 2.5 msf as H1 completions reached 8 msf.
• Shares rose 5–7% to intraday highs near Rs 1,615–1,618 after the update, as Nomura reiterated Buy with a Rs 1,900 target and Nuvama kept Buy with a Rs 1,966 target.