Phoenix Mills Board Recommends Final Dividend of Rs 2.50 Per Share for FY26

Board Recommends Final Dividend for FY26

The Board of Directors of The Phoenix Mills Limited has recommended a final dividend of Rs 2.50 per equity share of face value of Rs 2 each (125%) for the financial year ended March 31, 2026. This dividend payout remains subject to the approval of members at the upcoming Annual General Meeting.

Financial Performance

The Phoenix Mills Ltd reported audited FY26 results with consolidated net sales of ₹4,422.80 crore and PBT of ₹2,031.71 crore. The company's net profit attributable to owners reached Rs 1,22,381.64 lakhs, showcasing steady growth in operations and profitability.

Strategic Acquisitions

During the fiscal year, the company successfully increased its stake in Island Star Mall Developers Private Limited (ISMDPL) to 58.33% following a framework agreement with the Canada Pension Plan Investment Board.

Diversified Business Segments

The company continues to manage three distinct reportable business segments: Property & Related Services, Hospitality Services, and Residential Business, which collectively contribute to the company's diversified revenue streams.

Audit and Governance

The financial results for the quarter and year ended March 31, 2026, have been audited by D T S & Associates LLP, who issued an unmodified audit opinion. Additionally, the company has re-appointed N. A. Shah Associates LLP as its internal auditors for the financial year 2026-27.

About Phoenix Mills

Phoenix Mills Limited is India's leading owner, operator, and developer of retail-led mixed-use destinations. Founded in 1905, it has transformed from textile roots into a major real estate player, pioneering destination malls in India under brands like Phoenix MarketCity and Palladium. Today Phoenix Mills stands as the largest retail-led mixed-use asset developer in India. The group possesses real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly, and Ahmedabad.