Phoenix Mills Reports Q3 FY26 Business Update with Double-Digit Retail Consumption Growth

The Phoenix Mills Limited (PML) has reported a strong Q3 FY26 operational performance, with retail consumption growing by 20% YoY, reaching Rs. 4,787 cr. The newer malls, including Phoenix Mall of Asia, Bengaluru and Phoenix Mall of the Millennium, Pune, contributed significantly to the portfolio's momentum. Commercial office leasing activity remained robust, with gross leasing of 1.20 msft in 9M FY26. Leased occupancy in operational assets at Mumbai and Vimannagar in Pune improved to 77% as of December 2025. The hospitality portfolio delivered steady performance, with The St. Regis, Mumbai leading the ARR-driven RevPAR growth. Residential sales and collections remained robust, supported by steady execution and monetisation of premium residential inventory.