Q1 FY27 Operational Update: Retail Consumption Up 32% YoY at Rs 4,727 crores
PHOENIXLTD · price
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Phoenix Mills reported a strong start to FY27. Q1 retail consumption grew 32% YoY to Rs 4,727 crores. Commercial office occupancy improved to 72 percent from 70 percent, with about 1.9 lakh sq ft leased. Hospitality delivered RevPAR growth of 15 percent at The St. Regis Mumbai and 23 percent at Courtyard by Marriott Agra. Residential sales stood at Rs 64 crores, collections Rs 51 crores. Phoenix MarketCity Pune relaunched as Phoenix Avenue of Stars. Figures are provisional.
Strong all-round operating performance; 32 percent retail consumption growth and rising office occupancy highlight positive momentum for the stock.