Phoenix Mills Q1 FY27: Revenue ₹1,075 Cr, EBITDA ₹642 Cr, Profit ₹297 Cr
Phoenix Mills reported Q1 FY27 consolidated revenue of ₹1,075 Cr (up 13% YoY) and EBITDA of ₹642 Cr (up 14% YoY). Net profit surged 23% YoY to ₹297 Cr. Retail consumption grew 32% YoY to ₹4,730 Cr. The company highlighted strong operational performance and a robust growth roadmap through 2030.
The announcement contains detailed financial results for the quarter, including key performance indicators and segment-wise performance, which are material for investors. The forward-looking statements regarding growth strategies and future projects also have a significant impact.
The company reported strong year-on-year growth in revenue, EBITDA, and net profit, alongside significant increases in retail consumption and positive trends in its office and hospitality segments. The outlook for future growth is also positive, driven by strategic expansions and acquisitions.
The Phoenix Mills Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company reported a consolidated revenue of ₹1,075 crore, marking a 13% year-on-year increase. Consolidated EBITDA stood at ₹642 crore, up 14% YoY, with a stable EBITDA margin of 60%. Consolidated Net Profit after tax, share of associates, and minority interest was ₹297 crore, a significant 23% increase YoY. Operating Free Cash Flow also saw a healthy rise of 20% YoY to ₹602 crore.
The retail segment demonstrated strong performance, with consumption growing by 32% YoY to ₹4,730 crore. Retail rental income increased by 17% YoY to ₹594 crore, and retail asset EBITDA grew by 17% YoY to ₹625 crore. The company highlighted resilient demand and driving efficiencies as key factors for its robust performance.
In the offices segment, total income grew by 44% YoY to ₹75 crore, with EBITDA rising by 31% YoY to ₹42 crore. The hospitality segment also showed positive trends, with total income for The St. Regis, Mumbai, up 19% YoY to ₹133 crore and EBITDA up 20% YoY to ₹60 crore. Courtyard by Marriott, Agra, reported a 5% YoY increase in total income to ₹11.6 crore, though EBITDA saw a 22% decrease YoY to ₹1.3 crore.
The company's balance sheet remains strong, with liquidity at ₹2,000 crore as of June 30, 2026. Gross debt stood at ₹5,658 crore and net debt at ₹3,658 crore. The company is actively pursuing growth through various triggers, including portfolio densification, expansion of office and retail spaces, and strategic acquisitions like the ISMDPL buyout. Future growth is also anticipated from new projects in Kolkata, Surat, Thane, Coimbatore, and Chandigarh, with a target to significantly expand its retail, office, and hospitality portfolio by 2030.
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The Phoenix Mills Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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