The Phoenix Mills Limited — Investor Meet, 05-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Phoenix Mills delivered robust Q2 FY26 results with revenue up 22% to Rs. 1,115 crore and EBITDA up 29% to Rs. 667 crore. PAT grew 39% to Rs. 304 crore. Growth was driven by strong retail consumption, up 13% in H1 to Rs. 7,335 crore, fueled by initiatives like Gourmet Village at Phoenix Palladium. Office portfolio occupancy improved to 77%, with residential sales crossing Rs. 287 crore in H1. Net debt stands at ~Rs. 2,200 crore with a healthy sub-1x net debt/EBITDA and reduced average debt cost to 7.68%. Management is confident in sustaining double-digit retail growth and project timelines, anticipating full impact of strategic churn by Q4 FY26.