The Phoenix Mills Limited has commenced FY27 with a robust operational performance across its diverse business segments. For the first quarter of FY27, ending June 30, 2026, the company reported a significant 32% year-on-year growth in retail consumption, reaching ₹4,727 crore. This growth was driven by healthy consumption trends and double-digit growth across most of its retail assets, with ongoing initiatives for repositioning and premiumisation. Notably, Phoenix MarketCity Pune was relaunched as Phoenix Avenue of Stars, introducing a refreshed brand mix to enhance the customer experience. In the commercial office segment, portfolio leased occupancy improved to 72% as of June 2026, up from 70% in March 2026, with approximately 1.9 lakh sq. ft. of gross leasing completed during the quarter. The hospitality segment also demonstrated strong performance, with The St. Regis, Mumbai and Courtyard by Marriott Agra recording RevPAR growth of 15% and 23% year-on-year, respectively, attributed to healthy occupancy and double-digit ARR growth. The residential portfolio focused on monetising premium ready inventory, achieving sales of ₹64 crore and collections of ₹51 crore for the quarter. The company remains committed to driving sustainable long-term growth, leveraging its strong consumption trends, office leasing momentum, positive hospitality performance, and established retail-led platform. The figures provided are provisional and unaudited.
