The Phoenix Mills Limited — Important, 08-04-2025: General Updates

Retail consumption across all operational malls reached approximately Rs. 3,262 cr in Q4 FY25, marking a robust 15% increase compared to Q4 FY24. The growth was driven primarily by strong performances from Phoenix Palassio and ongoing expansions at several key malls. For the full FY25, total consumption was around Rs. 13,762 cr, up 21% year-over-year, with a like-to-like growth of 7% when excluding newly launched malls.

In the commercial office segment, gross leasing reached approximately 1.90 lakh sq. ft. in FY25, with occupancy standing at 66% across operational assets. Recent milestones include receiving the Occupation Certificate for Phoenix Asia Towers in Bangalore and Tower 3 of Millennium Towers in Pune.

The hospitality sector also saw improved performance at The St. Regis, Mumbai, with occupancy rates climbing to 92% in Q4 FY25. RevPAR for this period rose by 15% to Rs. 21,541. In residential sales, gross sales were around Rs. 77 cr in Q4 FY25, contributing to total sales of Rs. 212 cr for the year. The company continues to demonstrate a positive outlook, signaling growth opportunities in retail and hospitality sectors.