Phoenix Mills Q4 FY26: Revenue ₹4,423 Cr, EBITDA ₹2,637 Cr, Up 16% & 22%
The Phoenix Mills Limited reported FY26 consolidated revenue of ₹4,423 crore (up 16%) and EBITDA of ₹2,637 crore (up 22%). Retail rental income grew 10% to ₹2,157 crore. The office portfolio achieved over 2.2 million sq. ft. of gross leasing. The company expects Kolkata and Surat malls to launch in H2 FY28. Net debt to EBITDA improved to 1.19x.
The announcement details significant financial growth across key business segments (retail, office, hotels, residential) and provides updates on strategic developments and investments, which are material to the company's financial health and future prospects.
The company reported strong year-on-year growth in revenue, EBITDA, and profits, along with positive commentary on business segments and a healthy balance sheet. This indicates a positive financial performance and outlook.
The Phoenix Mills Limited (PHOENIXLTD) has released its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a consolidated revenue of ₹4,423 crore and EBITDA of ₹2,637 crore for FY26, marking a growth of 16% and 22% respectively. This performance was achieved without adding new retail capacity, highlighting the strength of its retail-led mixed-use platform. Retail consumption saw increased momentum in the second half of FY26, with Q4 consumption growing by 31%. Retail rental income for the year grew by 10% to ₹2,157 crore, while Retail EBITDA increased by 12% to ₹2,246 crore. The company's office business expanded significantly, with gross leasing of over 2.2 million sq. ft. in FY26, and occupancy in mature assets rising to 83%. The hotel segment demonstrated resilience, with income growing 8% to ₹596 crore and EBITDA increasing by 14% to ₹276 crore. Residential bookings doubled to ₹471 crore. The company invested approximately ₹1,035 crore in construction and development and ₹431 crore in land and development rights, while maintaining a net debt to EBITDA ratio of 1.19x. The company expects the Kolkata and Surat malls to launch in the second half of FY28. Management expressed confidence in sustained double-digit growth in retail earnings and a meaningful step-up in rental income and EBITDA from the office segment starting in FY27.
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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.