diff --git a/package-lock.json b/package-lock.json
index e590382c0e18..7f70beb7404f 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "brave-core",
-  "version": "1.48.6",
+  "version": "1.48.7",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "brave-core",
-      "version": "1.48.6",
+      "version": "1.48.7",
       "license": "MPL-2.0",
       "dependencies": {
         "@brave/react-virtualized-auto-sizer": "^1.0.4",
diff --git a/package.json b/package.json
index 972fbf589f91..d2acf543146c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "brave-core",
-  "version": "1.48.6",
+  "version": "1.48.7",
   "description": "Brave Core is a set of changes, APIs and scripts used for customizing Chromium to make Brave.",
   "main": "index.js",
   "scripts": {
diff --git a/patches/chrome-VERSION.patch b/patches/chrome-VERSION.patch
index 3de210d1d7c8..64597f59c60d 100644
--- a/patches/chrome-VERSION.patch
+++ b/patches/chrome-VERSION.patch
@@ -9,4 +9,4 @@ index 8f9389d0b9b18eaa6e8fc40b035962a6a0bc4582..055d86031393b2a397ca123231a2efa2
 -PATCH=48
 +MINOR=1
 +BUILD=48
-+PATCH=6
++PATCH=7