Phoenix Mills Reports June Quarter Consolidated Net Sales of Rs 10.75 Billion

Expanding Retail Footprint Drives Consolidated Revenue Growth

MUMBAI, India — India's premier retail-led mixed-use real estate developer, The Phoenix Mills Limited (NSE: PHOENIXLTD, BSE: 531582), has announced its consolidated financial results for the first quarter ending June 30.

According to regulatory filings submitted to the stock exchanges, the company posted consolidated net sales of Rs 10.75 billion (Rs 1,075 crore) for the June quarter. During the same period, consolidated net profit reached Rs 2.97 billion (Rs 297 crore).

The quarterly financial performance reflects steady operational momentum across the group’s flagship urban retail centers, commercial office spaces, and hospitality assets. The continued strength in consumer spending across major metro destinations drove core retail consumption and rental collections.

Core Financial Metrics and Operational Performance

Phoenix Mills, which operates iconic shopping destinations under the Phoenix MarketCity, Phoenix Palassio, and Phoenix Citadel brands, maintained high occupancy levels across its operational asset base.

The growth in net sales was supported by strong trading density in newly commissioned retail assets alongside consistent rental income from established flagship properties in Mumbai, Bengaluru, Pune, and Ahmedabad.

Official Sources

According to official financial statements submitted to the National Stock Exchange of India (NSE) and the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the consolidated quarterly financial results were reviewed by the Audit Committee and formally approved by the Board of Directors.

The detailed regulatory disclosures confirm that operational cash flows remain healthy, supporting the company's ongoing capital expenditure program and annuity asset developments across key Indian urban centers.

Statement from Management

In accordance with official earnings updates provided to institutional investors and market exchanges:

"According to officials, the company's June quarter operational performance highlights sustained consumption growth across the retail portfolio. The expansion in consolidated net sales to Rs 10.75 billion and net profit of Rs 2.97 billion demonstrates the underlying resilience of high-quality urban retail and mixed-use developments."

Why It Matters

The financial results reported by Phoenix Mills carry important implications for market analysts, real estate investors, and retail industry participants:

• Consumption Benchmark: Strong net sales underline resilient consumer discretionary spending in premium retail and entertainment centers across major Indian urban hubs.

• Balance Sheet Strength: Consolidated net profit of Rs 2.97 billion provides strong coverage for ongoing project developments and operational leverage.

• Annuity Portfolio Growth: Demonstrates stable recurring rental income streams from long-term institutional retail leases.

Key Facts at a Glance

• Consolidated Net Sales: Rs 10.75 billion (Rs 1,075 crore) recorded for the June quarter.

• Consolidated Net Profit: Net profit for the quarter stood at Rs 2.97 billion (Rs 297 crore).

• Listing Details: Publicly traded on both the NSE (PHOENIXLTD) and BSE (531582).

• Core Drivers: Steady footfalls, retail rental growth, office leasing, and hotel occupancy drove overall numbers.

Frequently Asked Questions (FAQs)

What were the consolidated net sales reported by Phoenix Mills for the June quarter?

The Phoenix Mills Limited reported consolidated net sales of Rs 10.75 billion (Rs 1,075 crore) for the quarter.

What was the net profit achieved by Phoenix Mills in the June quarter?

The company registered a consolidated net profit of Rs 2.97 billion (Rs 297 crore) for the period.

What are the main operational segments of Phoenix Mills?

Phoenix Mills operates primarily in retail-led mixed-use real estate, including destination shopping malls, commercial office spaces, luxury hotels, and residential projects.


Source: National Stock Exchange of India (NSE), BSE Limited, The Phoenix Mills Investor Relations Desk