Stock Report

The Phoenix Mills Limited - Operational Business Update: Q1 FY26

Posted On : 2025-07-07 20:59:07( TIMEZONE : IST )

Retail:

- Retailer sales (Consumption) across all operational malls grew by 12% year-on-year in Q1 FY26, reflecting healthy underlying demand and continued momentum across the portfolio.

- Consumption growth during the quarter was led by Phoenix Palassio (Lucknow), Phoenix Citadel (Indore), Phoenix Palladium (Mumbai) and Palladium Ahmedabad, supported by the continued ramp-up of our new assets i.e. Phoenix Mall of the Millennium and Phoenix Mall of Asia.

- Strategic repositioning is underway across the Phoenix MarketCity portfolio through space optimization, and a refreshed, curated tenant mix refresh; all aimed at driving long-term value and elevating the customer experience. Trading occupancy stood at 89% for the quarter, marginally lower than 91% in Q4 FY25, primarily due to planned, transitional vacancy linked to these upgrades.

Commercial Offices:

- Gross leasing of ~4.07 lakh sq. ft. completed during Q1FY26 across the assets in Mumbai, Pune, Bangalore and Chennai.

- Occupancy in the operational assets at Mumbai and Vimmanagar in Pune stood at 69% in June 2025 vs. 67% in March 2025.

Hospitality:

The St. Regis, Mumbai:

- Q1 FY26: Occupancy at 84% (vs. 85% in Q1 FY25). ARR at Rs. 18,502 (up 13% vs Q1 FY25). RevPAR at Rs. 15,477 (up 11% vs Q1 FY25).

Courtyard by Marriott, Agra:

- Q1 FY26: Occupancy at 71% (up from 63% in Q1 FY25). ARR at Rs. 4,374 (up 5% vs Q1 FY25). RevPAR at Rs. 3,175 (up 22% vs Q1 FY25).

Residential:

- Q1 FY26: Gross residential sales of ~Rs. 168 cr (up vs. ~Rs. 50 cr in Q1 FY25) and collections of ~Rs. 99 cr (up vs. ~Rs. 60 cr in Q1 FY25).

Note: Above numbers are indicative, provisional, unaudited numbers and presented for illustration purpose. The actual numbers could be materially different from indicative numbers

Shares of The Phoenix Mills Limited was last trading in BSE at Rs. 1548.40 as compared to the previous close of Rs. 1542.35. The total number of shares traded during the day was 13484 in over 1497 trades.

The stock hit an intraday high of Rs. 1560.95 and intraday low of 1532.40. The net turnover during the day was Rs. 20898971.00.