Business Update10 Oct 2025, 05:11 pm
Phoenix Mills Reports Q2 & H1 FY26 Business Update: Retail Consumption Grows, Strong Leasing Momentum in Commercial Offices, and Residential Sales Surge
AI Summary
The Phoenix Mills Ltd. has released its operational business update for the quarter and half year ended September 30, 2025. Retailer consumption across all operational malls grew by 13% YoY in Q2 FY26 and by 12% YoY in H1 FY26. The company reported strong leasing momentum and tenant traction in commercial offices with gross leasing of ~7.20 lakh sq. ft. completed during H1 FY26. The residential sector showed a strong upward trajectory with gross residential sales for H1 FY26 already surpassing full year sales recorded in FY25.
Key Highlights
- Retailer consumption grows by 13% YoY in Q2 FY26 and 12% YoY in H1 FY26
- Strong leasing momentum and tenant traction in commercial offices with gross leasing of ~7.20 lakh sq. ft. in H1 FY26
- The St. Regis, Mumbai delivers 2% YoY growth in Q2 FY26 despite muted travel demand
- Residential sales show a strong upward trajectory with H1 FY26 sales surpassing FY25 full year sales