Phoenix Mills Q2 FY27: Retail Revenue Up 15%, Consumption Grows 25% YoY
The Phoenix Mills Limited reported Q2 FY27 results with retail revenue up 15% to ₹605 crore and consumption growing 25% YoY to ₹4,685 crore. Consolidated revenue was ₹1,153 crore, with EBITDA at ₹710 crore. The company expects double-digit rental growth for FY27-28.
The announcement provides detailed financial results for the quarter and half-year, along with strategic updates on business performance, development pipeline, and future growth expectations, which are material for investors.
The company reported strong year-on-year growth in key financial metrics like revenue and consumption, along with positive commentary on future outlook and ongoing development projects.
The Phoenix Mills Limited announced the transcript of its Earnings Conference Call for Q2 and H1 FY27 financial results. The company reported strong operating momentum across its core businesses. Retail revenue grew by 15% to ₹605 crore for the quarter, with consumption increasing by 25% year-on-year to ₹4,685 crore. For the first half, rental income grew by 16% to ₹1,200 crore, and consumption increased by 28% to ₹9,415 crore.
The office segment saw a 64% year-on-year increase in income to ₹89 crore, with EBITDA rising to ₹56 crore. Hospitality also performed resiliently, with The St. Regis, Mumbai showing a 13% increase in income and EBITDA. The company's development pipeline is progressing well, with new projects scheduled for completion from 2027 onwards.
Consolidated revenue for Q2 FY27 stood at ₹1,153 crore, with operating EBITDA at ₹710 crore and a profit after tax of ₹326 crore. Net cash from operations increased by 20% to ₹711 crore. The company is progressing with the ISMDPL acquisition, expecting its stake to increase to 68.1% upon completion of Tranche 2 in November 2026.
Looking ahead, The Phoenix Mills Limited anticipates continued double-digit growth in rental income for FY27 and FY28, driven by asset enhancement initiatives, lease renewals, and the entry of new brands. The company is also strategically expanding its portfolio, with new malls and office spaces planned in various cities.
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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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See the model portfoliosA plain-language summary of a public exchange filing by The Phoenix Mills Limited. Read the original for the full detail.