The Phoenix Mills Limited — PPTs, 28-01-2026: Investor Presentation

Phoenix Mills reported strong Q3 FY26, with consolidated revenue up 15% to Rs. 1,121 Cr and operating EBITDA up 19% to Rs. 656 Cr. Net profit after minority interest rose 4% to Rs. 276 Cr. Retail consumption jumped 25% to Rs. 4,992 Cr, with rental income up 13% and EBITDA up 16%. Office income grew 5% and hospitality income 13%, with residential gross sales surging to Rs. 140 Cr.

Strategic repositioning of retail assets, optimizing anchor spaces and improving brand mix, continues to boost rental yields and trading density across malls. The rollout of new experiences like Gourmet Village and Phoenix Racquet Club enhances customer engagement.

Phoenix Mall of Asia saw landmark store openings including Toyota’s 1st experience center outside Japan and Apple’s first South India store. The office portfolio achieved strong leasing of ~1.20 million sq. ft., pushing occupancy to 76%. Tranche 1 payment of Rs. 1,257 Cr for the CPP transaction is complete, increasing PML's stake in ISMDPL to 58.33%.

Alongside revenue and profit growth, the average cost of debt favorably decreased to 7.62%. Net debt stood at Rs. 3,344 Cr.

The company sees continued strong leasing momentum in offices and robust demand for residential properties, driven by effective monetization of premium inventory.