Phoenix Mills Reports 12% YoY Growth in Retail e Consumption for Q1 FY26

The Phoenix Mills Ltd. has reported a 12% year-on-year growth in retail e consumption for the quarter ended June 30, 2025. The growth was led by Phoenix Palassio (Lucknow), Phoenix Citadel (Indore), Phoenix Palladium (Mumbai), and Palladium Ahmedabad. The company also saw a continued ramp-up of new assets like Phoenix Mall of the Millennium and Phoenix Mall of Asia. The retail e consumption growth was primarily driven by healthy underlying demand and continued momentum across the portfolio. The company is also undergoing strategic repositioning across the Phoenix MarketCity portfolio through space optimization and a refreshed, curated tenant mix, which may have led to a marginal decrease in trading occupancy to 89% from 91% in Q4 FY25. The commercial offices segment saw gross leasing of ~4.07 lakh sq. ft. completed during Q1 FY26 across the assets in Mumbai, Pune, Bangalore, and Chennai. The hospitality segment reported increased occupancy and ARR for The St. Regis, Mumbai and Courtyard by Marriott, Agra. The residential segment reported increased gross residential sales and collections in Q1 FY26.