The Phoenix Mills PHOENIXLTD
India's largest listed mall owner-operator (Palladium, Phoenix Marketcity, Mall of Asia), plus offices and hotels
Mapped in 1 theme: Real Estate.
Where The Phoenix Mills sits in the supply chain
The Phoenix Mills appears in 1 supply-chain layer in one theme, Real Estate.
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,972 | 3,807 | 4,418 |
| Net profit | 1,333 | 1,307 | 1,557 |
Latest-year revenue ₹4,418 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Q1 FY27 retail consumption up 32% to ₹4,727 Cr; FY26 up ~21%
- Mall of Asia, Bengaluru nearly doubled consumption in Q1 FY27
- Partnerships with GIC and CPP Investments fund expansion
Risks
- New malls take years to reach full rent
- Valuation already prices in strong growth
- Spending slowdown would hit revenue-share income
Common questions
What does The Phoenix Mills do?
India's largest listed mall owner-operator (Palladium, Phoenix Marketcity, Mall of Asia), plus offices and hotels.
Where does The Phoenix Mills sit in the supply chain?
The Phoenix Mills (NSE: PHOENIXLTD) is mapped in 1 supply-chain layer: Malls & retail REITs (Real Estate).
Who are The Phoenix Mills' peers?
In the Malls & retail REITs layer of Real Estate: Nexus Select Trust, DLF, Prestige Estates Projects and Brigade Enterprises.
What is The Phoenix Mills' market cap and valuation?
As of 30 Oct 2026: market cap ₹70,004 Cr, P/E 54.0x, ROCE 12.4%, ROE 11.0%, dividend yield 0.13%.