In its latest quarterly report, WeWork India Management announced Q1FY27 results that exceeded expectations. Revenue climbed 28% year‑on‑year, while IGAAP EBITDA surged 69% to ₹1.4 billion, reflecting stronger demand for premium flexible workspaces.
Occupancy rates improved dramatically, rising 840 basis points to 85% of the portfolio. New capacity was added during the quarter, helping the company maintain high utilisation across its sites.
Looking ahead, the firm plans to expand its operational footprint to 12.0 million square feet by the end of the medium term, which translates to about 179,000 desks. This is a significant increase from the current 9.1 msf that houses roughly 133,600 desks as of June 2026.
WeWork intends a phased ramp‑up, reaching 10.3 msf by March 2027 with more than 28,000 new desks added in FY27, and ultimately moving to 12 msf beyond that. Based on these plans, analysts project a compound annual growth rate of 23% for revenue and 29% for EBITDA from FY26 to FY28.
ICICI Securities maintains a BUY rating and keeps a target price of ₹937. The recommendation is based on a 17‑times multiple of the September 2027 EV/EBITDA estimate.
With solid earnings growth, high utilisation, and a clear expansion roadmap, WeWork India Management appears well‑positioned to capture the growing demand for flexible office solutions in India.