The Phoenix Mills Limited — PPTs, 31-10-2025: Investor Presentation

Phoenix Mills delivered strong Q2 & H1 FY26 results. Consolidated revenue rose 22% YoY to 1,115 Cr in Q2, with operating EBITDA up 29% to 667 Cr. Half-year revenue grew 14% to 2,068 Cr, and EBITDA increased 17% to 1,231 Cr. Net profit for Q2 jumped 32% to 383 Cr.

Retail consumption climbed 14% in Q2, with an adjusted growth of 19-20% driven by strategic repositioning and optimizing tenant mix in malls. This is set to boost future rental income. Residential sales for H1 FY26 hit 287 Cr, already exceeding full-year FY25 sales, reflecting robust demand for premium homes. The office portfolio also saw strong leasing, pushing operational occupancy to 77%.

Key metrics include a Q2 diluted EPS of 8.50 Cr (up 39%) and an improved Net Debt to EBITDA ratio of ~0.9x. The average cost of debt decreased to 7.68%. All major approvals for the CPP transaction are now secured, with the first payment tranche expected soon.