Phoenix Mills’ Stock Closes Up by 1.32% After Retail Sales in Its Malls Up by 12% in June Quarter

Mumbai, July 8, 2025 – Shares of Phoenix Mills rose nearly 2 per cent on Tuesday following the release of its Q1FY26 business update, reflecting positive operational performance across segments.

Stock Movement and Market Capitalisation

The stock reached an intraday high of ₹1,576.10 and was trading 1.07 per cent higher at ₹1,574.00 on the BSE as of 3:55 PM, outperforming the BSE Sensex, which was up 0.11 per cent at 83,535.36. The company’s market capitalisation stood at ₹55,952.4 crore. Its 52-week range spans from a low of ₹1,340 to a high of ₹2,068.15.

Retail Sales Growth Fuels Sentiment

Investor interest surged after Phoenix Mills reported a 12% year-over-year growth in retail sales across all operational malls for the quarter ended June 2025. This consumption growth was driven by key assets including Phoenix Palassio (Lucknow), Phoenix Citadel (Indore), Phoenix Palladium (Mumbai), and Palladium Ahmedabad. The continued ramp-up of newly launched properties, such as the Phoenix Mall of the Millennium and the Phoenix Mall of Asia, also made a significant contribution.

Commercial and Hospitality Segments Show Strength

On the commercial front, the company completed gross leasing of 4.07 lakh square feet across Mumbai, Pune, Bangalore, and Chennai. Operational assets in Mumbai and Pune’s Vimannagar reported occupancy of 69 percent in June 2025, up from 67 percent in March 2025.

In hospitality, St. Regis Mumbai recorded 84 percent occupancy in Q1FY26, slightly down from 85 percent a year ago. However, the property’s annual recurring revenue (ARR) rose 13 percent to ₹18,502, while revenue per available room (RevPAR) grew 11 percent to ₹15,477.

Courtyard by Marriott, Agra, also delivered robust performance with occupancy improving to 71 percent from 63 percent year-on-year. Its ARR rose 5 percent to ₹4,374 and RevPAR jumped 22 percent to ₹3,175.

Residential Sales See Threefold Growth

Gross residential sales more than tripled to ₹168 crore in Q1FY26, compared to ₹50 crore in the same quarter last year. Collections also increased significantly to ₹99 crore, up from ₹60 crore in Q1FY25.

Outlook

Although the occupancy level dropped marginally below 89 per cent in Q1 FY26, compared to 91 per cent in Q4 FY25, overall, due to forecasted transition-related vacancies, the overall operating statistics, relative to Phoenix Mills’ diversified real estate portfolio, demonstrate a solid upward growth trend.

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