Phoenix Mills FY26 Revenue Rs 4,423 Cr, EBITDA Up 22%

Phoenix Mills reported strong FY26 results with consolidated revenue of Rs 4,423 crore and EBITDA of Rs 2,637 crore, growing 16% and 22% YoY respectively.
Retail consumption reached an all-time high of Rs 16,587 crore, growing 21% YoY, with Q4 growth accelerating to 31% driven by jewelry and electronics.
The company completed 920 leasing deals covering 3.2 million sq ft and opened over 400 new stores while maintaining disciplined capital allocation with net debt to EBITDA at 1.19x.
Office portfolio expanded to 4.8 million sq ft with 70% occupancy, while hotel EBITDA grew 14% to Rs 276 crore with St Regis Mumbai achieving 49% margins.