Phoenix Mills reports strong retail sales growth in Q1 FY26

The Phoenix Mills announced a 12% year-on-year increase in retailer sales across its operational malls for Q1 FY26, driven by key assets such as Phoenix Palassio (Lucknow) and Phoenix Citadel (Indore). The company's strategic repositioning efforts, including space optimization and tenant mix enhancements, are underway to drive long-term value. Trading occupancy stood at 89%. The company also reported gross leasing of approximately 4.07 lakh sq. ft. in its commercial offices and residential sales of approximately INR 168 crore. Occupancy in the operational assets at Mumbai and Vimmanagar in Pune stood at 69% in June 2025. The St. Regis, Mumbai saw revenue per available room rise 11% to INR 15,477, while the Courtyard by Marriott, Agra reported a 22% increase in revenue per available room to INR 3,175.