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Phoenix Mills Ltd is a real estate development company specializing in retail-led mixed-use assets. Founded in 1905 as a textile manufacturer, it transitioned to real estate in 1987. The company develops, owns, and operates shopping malls, commercial spaces, hotels, and residential properties across India. Its portfolio includes 9 operational retail assets with 6.9 million square feet of leasable area in major cities. Phoenix Mills has strategic partnerships with Canada Pension Plan Investment Board and GIC for expansion. The company's key brands include Phoenix Marketcity, Palladium, and Phoenix Citadel. It also operates hotels under brands like The St. Regis and Courtyard by Marriott. Phoenix Mills continues to expand its presence through acquisitions and new developments in various Indian cities.
In the news

Phoenix Mills shares rise 2.10% to ₹1,929.70 on strong growth

Phoenix Mills shares rise 2.15% to ₹1,936.20

Phoenix Mills Shares Rise to ₹1931.80, Strong Q1FY27 Results

Phoenix Mills Q1 profit jumps 23% YoY to ₹393 cr, shares fall 6%

Phoenix Mills Q1: Retail consumption jumps 32% to ₹4,727 cr

MRF stock recommendation: Taparia picks 3 stocks for June 16

Phoenix Mills shares surge 3% on Macquarie's ₹2,100 target

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Phoenix Mills shares rise 8% on strong retail consumption growth

Phoenix Mills shares surge 8% on record retail consumption

Phoenix Mills Q3: Retail up 20%, office occupancy 77%
The Quarter story
The two most recent quarterly results, compared side-by-side.
Phoenix Mills shows strong retail and office leasing momentum, though hospitality margins and residential sales face seasonal headwinds.
Retail EBITDA grew from ₹535 Cr to ₹625 Cr from Q1 FY26 to Q1 FY27 — robust profitability expansion across mall assets
Gross debt climbed from ₹4,435 Cr to ₹5,658 Cr from Q1 FY26 to Q1 FY27 — increased leverage funding portfolio expansion
Office leased area expanded from 1.39 Mn sq ft to 3.43 Mn sq ft from Q1 FY26 to Q1 FY27 — successful leasing momentum across new and existing towers
Hospitality EBITDA margin contracted from 40% to 11% from Q3 FY26 to Q1 FY27 — margin compression pressures from seasonal demand shifts
Consolidated EBITDA margin rose from 63% to 68% from Q2 FY26 to Q1 FY27 — strong cost discipline across operations
Residential gross sales declined from ₹168 Cr to ₹64 Cr from Q1 FY26 to Q1 FY27 — weakening residential demand impacting project completions
Operating free cash flow expanded from ₹508 Cr to ₹602 Cr from Q2 FY26 to Q1 FY27 — strong cash generation supporting ongoing projects
Office EBITDA margin dipped from 65% to 56% from Q1 FY26 to Q1 FY27 — increased operational costs as new assets ramp up
Retail trading occupancy improved from 89% to 95% from Q1 FY26 to Q1 FY27 — strong tenant activation and footfall recovery
Consolidated revenue fell from ₹953 Cr to ₹147 Cr from Q1 FY26 to Q1 FY27 — seasonal reporting patterns affecting top-line visibility