Phoenix Mills Ltd

The company's retail portfolio continued to deliver robust growth, with consumption rising 32% year-on-year (YoY) to Rs 4,727 crore during the quarter across its existing operational assets. The performance was driven by healthy consumer demand across most malls, while select assets benefited from ongoing repositioning and premiumisation initiatives aimed at enhancing tenant mix and customer experience. During the quarter, Phoenix MarketCity Pune was relaunched as Phoenix Avenue of Stars, reflecting the next phase of the asset's evolution with a refreshed premium brand mix tailored to Pune's experience-led consumption landscape. The hospitality business maintained its growth momentum, with The St. Regis Mumbai and Courtyard by Marriott Agra reporting revenue per available room (RevPAR) growth of 15% YoY and 23% YoY, respectively, supported by healthy occupancy levels and double-digit growth in average room rates. In the residential segment, Phoenix Mills reported sales of Rs 64 crore during the quarter as it continued to monetise its premium ready inventory. The Phoenix Mills is India's largest retail-led mixed-use developer. Its operations span across most aspects of real estate development: planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The company reported a 50% rise in consolidated net profit to Rs 403.35 crore in Q4 FY26, compared with Rs 268.82 crore in Q4 FY25. Net sales stood at Rs 1,233.20 crore, registering a year-on-year (YoY) growth of 21.3%.Powered by Capital Market - Live

Phoenix Mills has allotted 5,844 equity shares under ESOP on 28 April 2026. Consequently, the paid up equity share capital has increased to Rs 71,52,80,950 consisting of 35,76,40,475 equity shares of Rs 2/- each.

Net sales stood at Rs 1,233.20 crore, registering a year-on-year (YoY) growth of 21.3%. The company reported profit before exceptional items and tax of Rs 624.01 crore in Q4 FY26, compared to Rs 420.44 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 3.99 crore during the quarter. Operating EBITDA jumped 34% to Rs 750 crore in Q4 FY26 from Rs 560 crore in Q4 FY25. EBITDA margin improved to 61% in Q4 FY26, compared with 55% in Q4 FY25. Total consumption in Q4 FY26 stood at Rs 4,261 crore, demonstrating a YoY growth of 31% over Q4 FY25. On a full-year basis, the company's net profit jumped 24.3% to Rs 1,223.82 crore on a 16% surge in revenue to Rs 4,422.80 crore in FY26 over FY25. Meanwhile, the company has recommended a final dividend of Rs 2.50 per equity share of face value Rs 2 each, translating to a 125% payout for FY26, subject to shareholder approval at the upcoming annual general meeting. The Phoenix Mills is India's largest retail-led mixed-use developer. Its operations span across most aspects of real estate development: planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The counter slipped 2.03% to Rs 1,767.15 on the BSE.

Phoenix Mills announced that the Board of Directors of the Company at its meeting held on 27 April 2026, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

Net profit of Phoenix Mills rose 50.04% to Rs 403.35 crore in the quarter ended March 2026 as against Rs 268.82 crore during the previous quarter ended March 2025. Sales rose 21.34% to Rs 1233.20 crore in the quarter ended March 2026 as against Rs 1016.34 crore during the previous quarter ended March 2025. For the full year,net profit rose 24.34% to Rs 1223.82 crore in the year ended March 2026 as against Rs 984.23 crore during the previous year ended March 2025. Sales rose 15.98% to Rs 4422.80 crore in the year ended March 2026 as against Rs 3813.57 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1233.201016.34 21 4422.803813.57 16 OPM %60.7955.07 -59.6356.67 - PBDT713.36510.68 40 2421.001908.86 27 PBT624.00420.44 48 2060.691582.34 30 NP403.35268.82 50 1223.82984.23 24 Powered by Capital Market - Live

Phoenix Mills will hold a meeting of the Board of Directors of the Company on 27 April 2026.

In the hospitality segment, the St. Regis, Mumbai delivered revenue per available room (RevPAR) growth of 6% YoY in Q4 FY26. On an annual basis, the company's retail consumption jumped 21% YoY to Rs 16,578 crore. The growth was was broad-based and delivered even as select assets continued to undergo planned repositioning and premiumisation (a deliberate, value-accretive programme to strengthen their medium-term earnings profile). Across the rest of the portfolio, double-digit consumption growth was recorded for the year. During 2025, the company significantly expanded its office portfolio, with the addition of approximately 2.8 million square feet (msft) of Grade A office space across Bengaluru, Chennai and Pune, taking the portfolio GLA to around 4.8 msft from approximately 2 msft earlier. The offices witnessed strong and broad-based occupier interest across key markets, with gross leasing of over 2.2 msft during FY26 and portfolio leased occupancy of around 70% as at March 2026. The hotel portfolio delivered a resilient performance through FY26, even against a tougher environment and a high prior-year base The St. Regis, Mumbai delivered RevPAR growth of 7% YoY in FY26, driven by ARR growth, underscoring the rate-led, premium nature of the hotel's operating model. Occupancy was sustained at a healthy 86% in FY26, consistent with the previous year. Residential sales more than doubled to around Rs 471 crore in FY26 against Rs 212 crore in FY25, driven by steady execution and the continued monetisation of ready, premium inventory. The Phoenix Mills is India's largest retail led mixed-use developer. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The company reported a 4.16% rise in consolidated net profit to Rs 275.79 crore in Q3 FY26, compared with Rs 264.76 crore in Q3 FY25. Income from operations stood at Rs 1,121.19 crore, registering a year-on-year (YoY) growth of 14.97%.

Income from operations stood at Rs 1,121.19 crore, registering a year-on-year (YoY) growth of 14.97%. Profit before exceptional items and tax surged 29.03% YoY to Rs 514.94 crore in Q3 FY26. The company reported an exceptional loss of Rs 24.99 crore during the quarter under review. Operating EBITDA jumped 19% to Rs 656 crore in Q3 FY26 from Rs 553 crore in Q3 FY25. EBITDA margin improved marginally to 59% in Q3 FY26, compared with 57% in Q3 FY25. During the December quarter, collections stood at Rs 100 crore, up 163.15% over Q3 FY25. Total consumption in Q3 FY26 stood at Rs 4,992 crore, demonstrating a YoY growth of 25% over Q3 FY25. On a nine-month basis, the company's consolidated net profit jumped 14.68% YoY to Rs 820.47 crore in 9M FY26, while revenue from operations rose 14.02% YoY to Rs 3,189.61 crore. The Phoenix Mills is India's largest retail led mixed-use developer. Its operations span across most aspects of real estate development; planning, execution, marketing, management, maintenance & sales. The group has real estate assets in Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly & Ahmedabad. The counter slipped 1.92% to Rs 1,695.10 on the BSE. Powered by Capital Market - Live

Net profit of Phoenix Mills rose 4.17% to Rs 275.79 crore in the quarter ended December 2025 as against Rs 264.76 crore during the previous quarter ended December 2024. Sales rose 14.98% to Rs 1121.19 crore in the quarter ended December 2025 as against Rs 975.13 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1121.19975.13 15 OPM %58.5456.69 - PBDT601.22480.34 25 PBT514.94399.07 29 NP275.79264.76 4 Powered by Capital Market - Live

Phoenix Mills will hold a meeting of the Board of Directors of the Company on 28 January 2026.Powered by Capital Market - Live