Phoenix Mills Q1 FY27: Retail Consumption Up 32% YoY to ₹4,727 Cr
The Phoenix Mills Ltd reported a strong operational performance for Q1 FY27. Retail consumption grew 32% year-on-year to ₹4,727 crores, supported by healthy trends and repositioning initiatives, including the relaunch of Phoenix MarketCity Pune. The commercial office portfolio saw improved leased occupancy to 72% and gross leasing of approximately 1.9 lakh sq. ft. Hospitality delivered robust results, with The St. Regis, Mumbai, and Courtyard by Marriott Agra recording RevPAR growth of 15% and 23% YoY, respectively. Residential sales stood at ₹64 crores, with collections at ₹51 crores, focusing on monetizing premium ready inventory. The company aims for sustainable long-term growth across its diversified portfolio.
Key Highlights
- Retail consumption grew 32% YoY to ₹4,727 crores in Q1 FY27.
- Commercial office occupancy improved to 72%; 1.9 lakh sq. ft. leased.
- Hospitality RevPAR saw double-digit growth, St. Regis up 15% YoY.
- Residential sales reached ₹64 crores, collections ₹51 crores.
- Phoenix MarketCity Pune relaunched as Phoenix Avenue of Stars.
Price Impact
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