Phoenix Mills Schedules Board Meeting on July 28 and Q1 FY27 Earnings Call on July 29, 2026

Phoenix Mills Sets Board Meeting and Earnings Call Schedule

The Board of Directors will meet on July 28, 2026, to approve the standalone and consolidated results, followed by a Q1 FY27 earnings conference call on Wednesday, July 29, 2026, at 11:00 AM IST.

FY26 Financial Context

In the prior fiscal year, net profit rose 20% to ₹1,557 crore and consolidated revenue grew 16% to ₹4,423 crore. Consolidated Gross Debt stood at ₹5,164 crore, while Net Debt was recorded at ₹3,160 crore as of March 31, 2026.

Q1 FY27 Operational Performance

The company reported strong operational performance across its retail, commercial office, hospitality and residential businesses for the quarter ended June 2026. Retail portfolio consumption rose 32% year-on-year to Rs 4,727 crore across its operational assets.

The commercial office portfolio witnessed healthy momentum, with leased occupancy improving to 72 percent as of June 2026, compared to 70 percent in March 2026. During the quarter, the company completed gross leasing of approximately 1.9 lakh square feet.

In hospitality, The St. Regis Mumbai and Courtyard by Marriott Agra recorded RevPAR growth of 15 percent and 23 percent year-on-year, respectively. The company recorded residential sales of Rs. 64 crore, reflecting steady demand across its diversified real estate portfolio.

Company Background

The Phoenix Mills Ltd began its journey in 1905 as a textile manufacturing company on a 17.3-acre site at Lower Parel in Mumbai. Over decades, the business evolved into diversified real estate, with a major strategic pivot toward retail-led development, marked by the creation of High Street Phoenix. Phoenix Mills Limited is India's leading retail-led mixed-use developer, operating approximately 6 million square feet of retail space across 8 malls in 6 major cities, having created over 17.5 million square feet of mixed-use space.