Fundamentally strong stock jumps 7% after reporting 122% increase in sales in FY26

Synopsis: Shares of this real estate stock surged 7.11 percent after strong FY26 performance, driven by sharp growth in residential sales and steady momentum across retail, office, and hospitality segments.

The shares of this company, which develops and manages integrated spaces combining shopping, entertainment, dining, and commercial offices, gained investor traction after strong Q4 numbers.

With a market capitalization of Rs 61,302 crore, Phoenix Mills Ltd’s shares on Wednesday made a day high of Rs 1,716.95 per share, up 7.11 percent from its previous day’s close price of Rs 1,594.85 per share. The share of this company has given a return of  357 percent over the last five years.

Business Updates

FY26 marked a strong year with broad-based growth across segments. Retail consumption hit a record Rs 16,578 crore without new mall additions, while office leasing exceeded 2.2 msft, boosting occupancy. Hospitality stayed resilient, and residential sales surged over 100 percent YoY, reflecting solid execution and demand.

• Retail Performance: Retail consumption remained strong, with FY26 portfolio consumption rising 21 percent YoY to a record Rs 16,578 crore without any new mall additions. Q4 stood out with 31 percent YoY growth to Rs 4,251 crore, driven by broad-based demand and ongoing premiumisation across key assets.
• Commercial Offices: The office portfolio expanded significantly with the addition of around 2.8 msft of Grade A space, taking total GLA to about 4.8 msft. Strong occupier demand drove gross leasing of over 2.2 msft in FY26, with occupancy reaching around 70 percent, while leasing momentum remains healthy.
• Hospitality & Residential: Hospitality stayed steady despite a tough base, with The St. Regis Mumbai seeing 7 percent RevPAR growth and occupancy at 86 percent. Residential sales jumped 122 percent YoY to Rs 471 crore, helped by strong sales execution and demand for premium ready homes.
• Outlook: All business segments delivered steady progress in FY26, strengthening the overall growth trajectory. With strong operating momentum and multiple growth drivers in place, the company remains well-positioned to sustain consistent performance going ahead.

About the Company

Phoenix Mills Ltd is engaged in the operation & management of malls, construction of commercial & residential property, and hotel business in India. Its core businesses include Retail, Office, Hotel, and Asset Management. It operates 13 malls spanning 11.5 msft across 8 cities. Major locations include Mumbai, Bengaluru, Pune, Chennai, and Lucknow.

Financial Highlights: The revenue from operations grew by 14.9 percent YoY to Rs 1,121 crore, corresponding to the same quarter in the last financial year, and the operating margin increased from 57 percent to 59 percent YoY. Accompanied by a net profit growth of 3.6 percent to Rs 366 crore in Q3 FY26 from Rs 353 crore in Q3 FY25, with EPS growth of 4 percent YoY to Rs 7.71 per share in Q3 FY26.

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