PML's retail rental income grew only 9% YoY to | 249.9 crore in Q4FY19 while retail consumption growth was slow at 6% YoY to | 1,626.5 crore in Q4FY19. The slowdown in consumption is on account of ongoing infrastructure work and change in store format at a few retail assets (HSP & Palladium, PMC Chennai & PMC Bengaluru). Overall, with >20% area coming up for renewal in FY20E-21E at each of its key assets along with expansion mode, we expect PML's retail rental income to grow at a CAGR...