Updates

Phoenix Mills Plans Strategic Expansion to 1–2 New Cities by FY2027, Scouting Hyderabad, Jaipur and Navi Mumbai

Phoenix Mills management disclosed during its Q4FY26 earnings call that the company is actively scouting 1–2 new cities for retail expansion by FY2027, with Hyderabad, Jaipur, and Navi Mumbai identified as potential markets. Management also confirmed continuous double-digit growth plans through 2030.

Phoenix Mills Confirms H2 FY28 Operational Launch for Phoenix Grand Victoria (Kolkata) and Phoenix Surat

During its Q4FY26 earnings call on April 28, 2026, Phoenix Mills confirmed that two under-construction retail assets — Phoenix Grand Victoria in Kolkata (79% leased) and Phoenix Surat (41% leased) — are both targeted for operational launch in the second half of FY28. The Kolkata project is spread across approximately 7.5 acres at Alipore.

Phoenix Mills Reports Record Retail Consumption of Rs 16,578 Crore in FY26; Q4FY26 Revenue at Rs 4,423 Crore

The Phoenix Mills Limited reported its Q4FY26 and full-year FY26 audited financial results on April 27–28, 2026, posting revenue of Rs 4,423 crore and EBITDA of Rs 2,637 crore for Q4FY26. Full-year retail consumption reached an all-time high of Rs 16,578 crore — a 21% year-on-year increase — achieved without any new mall additions during the year.