Скачать или смотреть The Phoenix Mills Q3 FY26 Concall: Retail Consumption and Portfolio Expansion

The Phoenix Mills Q3 FY26 Concall: Retail Consumption and Portfolio Expansion

During the Q3 FY26 earnings conference call, the management of The Phoenix Mills highlighted a robust festive and wedding season that drove significant consumption growth across its mall portfolio. The leadership team emphasized that "Phoenix Mall of Asia" in Bengaluru and "Phoenix Citadel" in Indore are ramping up faster than expected, contributing to higher rental income. Management also provided an update on their hospitality and office segments, noting healthy occupancy rates at The St. Regis Mumbai and steady leasing traction in their premium commercial assets.

The company's performance was largely in line with brokerage estimates regarding consolidated revenue. However, the EBITDA margins and Net Profit (PAT) slightly beat analyst expectations, primarily due to strong trading density and higher recovery of common area maintenance (CAM) charges. While analyst expectations had flagged potential concerns regarding a slowdown in discretionary spending, management reassured investors by highlighting the "premiumization" trend and the robust pipeline of upcoming malls in Surat and Kolkata. The company reiterated its focus on achieving high-double-digit growth in rental income while maintaining a disciplined capital allocation strategy.

This video is part of our    • Conference Call   series. Watch the full playlist for more similar updates.

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