Phoenix Mills Ltd
NSE:PHOENIXLTD

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Phoenix Mills Ltd
NSE:PHOENIXLTD
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Price: 1 739.2 INR 1.05% Market Closed
Market Cap: 621.9B INR

Phoenix Mills Ltd
Investor Relations

Phoenix Mills Ltd. began its journey in the early 20th century as a humble textile manufacturing company, evolving into a powerhouse of retail-led mixed-use properties that define urban landscapes across India. The transformation from looms to sprawling shopping destinations wasn't a simple leap but a strategically maneuvered shift in focus to capitalize on India's burgeoning retail sector. As the textile market became fiercely competitive, the company, under visionary leadership, repurposed its landbank of defunct mills into vibrant spaces integrating retail, entertainment, and hospitality. This pivot not only tapped into changing consumer habits but also redefined the shopping experience, transitioning Phoenix Mills into a pioneer of the shopping mall culture in India.

Fast forward to today, Phoenix Mills has firmly established its footprint through a series of high-performing retail-centered complexes that also boast office spaces and hotel accommodations. The company’s malls are no mere shopping venues; they are bustling centers where consumers indulge in experiences, from dining to entertainment, forming the backbone of their revenue. Phoenix Mills capitalizes on tenant leases, which bring in steady rental income, while the diverse offerings within their properties drive foot traffic and sales turnover, enhancing overall profitability. Moreover, with a keen eye on urban growth trends, Phoenix continues to expand and upgrade its portfolio, focusing on sustainability and digital innovations that attract global brands, ensuring continued appeal to an increasingly cosmopolitan clientele.

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PHOENIXLTD
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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Oct 31, 2025
AI Summary
Q2 2026

Revenue Growth: The company reported H1 FY '26 revenue of INR 2,068 crores, up 14% YoY, and Q2 revenue of INR 1,115 crores, up 22% YoY.

Profitability: Q2 EBITDA was INR 667 crores, up 29% YoY, and net profit for the quarter rose 39% to INR 304 crores.

Retail Strength: Retailer sales for H1 FY '26 reached INR 7,335 crores, up 13%, with double-digit growth across categories and strong consumption momentum.

Office Leasing Momentum: Office occupancy improved from 67% to over 77% since March 2025, with over 1 million square feet leased this year.

Balance Sheet: Net debt declined by INR 500 crores to INR 2,200 crores, and the net debt-to-EBITDA ratio remains below 1x.

Cost of Debt: The average cost of debt decreased from 8.5% to 7.6%.

Strategic Projects: Multiple retail and office projects across Kolkata, Surat, Bangalore, and other cities are on track for completion between 2026–2027.

Guidance & Outlook: Management remains confident of double-digit retail growth for FY '26, and expects further uplift in office and residential segments.

Key Financials
Revenue
INR 2,068 crores
Revenue
INR 1,115 crores
EBITDA
INR 1,231 crores
EBITDA
INR 667 crores
Net Profit
INR 304 crores
Retailer Sales
INR 7,335 crores
Retail Income (Q2)
INR 527 crores
Retail EBITDA (Q2)
INR 551 crores
Retail Consumption (Q2)
INR 3,750 crores
Fashion and Accessories Growth
17% YoY
Family Entertainment and Multiplexes Growth
23% YoY
Trading Density Growth (Bangalore)
up over 20%
Trading Density Growth (Pune)
up 11%
Office Income (H1)
INR 106 crores
Office EBITDA (H1)
INR 67 crores
Office Occupancy (Mumbai and Pune)
over 77%
Hotel Income (H1)
INR 244 crores
Hotel EBITDA (H1)
INR 105 crores
Hotel EBITDA Margin
over 43%
St. Regis Mumbai Occupancy
85%
St. Regis Mumbai Average Room Rate Growth
up over 2%
Residential Sales (H1)
INR 287 crores
Residential Revenue (Q2)
INR 171 crores
Residential Pricing (Bangalore)
INR 27,000+ per square feet
Operating Cash Flow (H1)
INR 981 crores
Total CapEx (H1)
INR 658 crores
Gross Debt
less than INR 5,000 crores
Net Debt
INR 2,200 crores
Net Debt-to-EBITDA Ratio
less than 1x
Average Cost of Debt
7.6%
Other Earnings Calls

Management

Mr. Shishir Ashok Shrivastava
MD & Executive Director
No Bio Available
Mr. Rajesh Kulkarni
Director of Projects Delivery & Whole Time Director
No Bio Available
Ms. Rashmi Sen
Chief Operating Officer of Malls & Whole Time Director
No Bio Available
Mr. Kailash B. Gupta
Chief Financial Officer
No Bio Available
Mr. Varun Jagdish Parwal
Group President of Strategy, Audit & Head of Corporate Finance
No Bio Available
Mr. Mangesh Satvilkar
Investor Relations Officer
No Bio Available
Mr. P. Vidya Sagar
General Counsel
No Bio Available
Mr. Bhavik Gala
Company Secretary & Compliance Officer
No Bio Available
Ms. Sunaina Kohli
Head of Sales & Marketing
No Bio Available
Mr. Shashie Kumar
Director & President of Retail
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
Shree Laxmi Woolen Mills Estate, 2nd floor,, R.R. Hosiery,, Off. Dr.E. Moses Road,
Contacts