Monthly Update7 Apr 2026, 05:32 pm
The Phoenix Mills Ltd Reports All-Time High Retail Consumption of ~Rs. 16,578 Crore in FY26
AI Summary
The Phoenix Mills Ltd (PML) reported an all-time high retail consumption of ~Rs. 16,578 crore in FY26, a 21% YoY increase. The office portfolio saw a significant expansion with gross leasing of over 2.2 msft. Hospitality performance remained resilient and residential sales more than doubled year-on-year. Each business made meaningful progress in FY26, further strengthening its growth trajectory. The figures are provisional and unaudited, subject to finalization and audit adjustments.
Key Highlights
- Retail consumption reached ~Rs. 16,578 crore in FY26, a 21% YoY increase
- Office portfolio expanded significantly with gross leasing of over 2.2 msft in FY26
- Hospitality performance remained resilient despite a tougher environment
- Residential sales more than doubled year-on-year
- Each business made meaningful progress in FY26