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The Phoenix Mills reported a 19.6 per cent increase in consolidated net profit for FY26, with profit after tax rising to INR 1,556.61 crore. The company’s total income grew 15.87 per cent to INR 4,593.55 crore, reflecting improved performance across its retail-led mixed-use portfolio. In the March quarter, income rose nearly 22 per cent while profit increased significantly year-on-year. The board has recommended a final dividend of INR 2.50 per share. The results indicate continued growth in consumption-driven assets, supported by strong leasing and operational performance across its malls and mixed-use developments.
The Phoenix Mills reported a consolidated net profit of INR 1,556.61 crore for the financial year ended recently, marking a 19.6 per cent increase compared to INR 1,301.52 crore in the previous financial year. Advertisement
The company’s net consolidated total income rose to INR 4,593.55 crore in FY26, reflecting a growth of 15.87 per cent from INR 3,964.47 crore recorded in the preceding year. The performance was supported by operational growth across its retail-led mixed-use portfolio, which includes shopping malls, commercial offices, hospitality, and residential assets.
During the fourth quarter of FY26, the company reported a net consolidated total income of INR 1,294.36 crore, registering a year-on-year increase of 21.94 per cent compared to INR 1,061.48 crore in the corresponding quarter of the previous fiscal. Profit after tax for the quarter stood at INR 485.71 crore, up from INR 346.50 crore a year earlier, indicating improved earnings performance in the final quarter.
The board of directors has recommended a final dividend of INR 2.50 per equity share of face value INR 2 each for FY26.
As of the end of the financial year, the company reported a cost of debt of 7.51 per cent. Gross debt stood at INR 5,164 crore, while net debt was reported at INR 3,160 crore, indicating a moderated leverage position alongside expansion activities.
The company operates a portfolio of retail-led mixed-use developments across major Indian cities, with assets spanning retail, hospitality, office, and residential segments. Its business model is anchored in consumption-led real estate, where performance is closely linked to retail footfall, leasing activity, and tenant sales.
The reported financial performance reflects sustained demand across organised retail real estate, with Grade A mall operators continuing to benefit from consumption growth, tenant expansion, and stable occupancy levels in key urban markets.
For more similar or related stories, you can check the links below.
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