Revenue for the quarter increased 21.4% to ₹1,233.1 crore, compared with ₹1,016 crore a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 34% to ₹750 crore, while margins expanded to 60% from 55%, reflecting improved operating leverage.
The company has recommended a final dividend of ₹2.50 per equity share of face value ₹2 each, translating to a 125% payout for FY26, subject to shareholder approval at the upcoming annual general meeting.
Operationally, the company continued to see strong traction. Earlier this month, Phoenix Mills had reported an all-time high retail consumption of ₹16,578 crore in FY26, marking a 21% increase from the previous year. Consumption during the fourth quarter alone rose 31% year-on-year to ₹4,251 crore, with double-digit growth recorded across its portfolio.
In its commercial segment, the company added 2.8 million square feet of Grade A office space across Bengaluru, Chennai and Pune during FY26, taking its total portfolio to 4.8 million square feet. Portfolio occupancy stood at 70% as of March 2026.
The hospitality business also remained steady, with The St. Regis Mumbai reporting a 6% increase in revenue per available room in the March quarter and 7% growth for the full year, while maintaining an occupancy level of 86%.
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Meanwhile, the residential segment saw improved traction, with gross sales rising to ₹471 crore in FY26 from ₹212 crore in the previous year.
Shares of Phoenix Mills had closed at ₹1,796.10 on the NSE, up 1.14% on Monday ahead of the earnings announcement.
