Phoenix Mills Posts Broad-Based Growth in Retail, Offices, Hospitality and Housing in Q3 FY26

An announcement from Phoenix Mills Ltd. ( (IN:PHOENIXLTD) ) is now available.

The Phoenix Mills Limited reported a strong operational performance for the quarter and nine months ended December 31, 2025, with double-digit growth across key business segments. Retail portfolio consumption reached about Rs 4,787 crore in the third quarter, up 20% year-on-year, and Rs 12,122 crore for the nine-month period, up 15%, supported by resilient festive demand and the ramp-up of newer malls in Bengaluru and Pune despite ongoing revamp and premiumisation initiatives. In commercial offices, gross leasing of around 1.2 million sq ft in the first nine months underscored sustained tenant demand, driving leased occupancy in Mumbai and Pune to 77%, while new office developments in Pune, Bengaluru and Chennai reached 41% occupancy and benefited from fresh occupancy certificates and green building certification at Millennium Towers. The hospitality portfolio, led by The St. Regis, Mumbai, maintained high occupancies and achieved RevPAR growth in the high single to low double digits, while residential sales surged sharply to approximately Rs 140 crore in Q3 and Rs 412 crore over nine months, reflecting strong monetisation of premium inventory and bolstering the company’s diversified growth trajectory.

More about Phoenix Mills Ltd.

The Phoenix Mills Limited is an Indian real estate developer focused on large-format retail malls, commercial offices, hospitality assets and premium residential projects. With a pan-India portfolio that includes marquee malls in cities such as Mumbai, Bengaluru and Pune, the company positions itself as an integrated destination-led developer catering to consumption, office, hotel and high-end housing demand.

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Technical Sentiment Signal: Strong Buy

Current Market Cap: 694.5B INR

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