Name: Latest research reports of Phoenix Mills Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Phoenix Mills Ltd.
Rating: 5
Author: ICICI Securities Limited

Strong consumption flows through to rentals

Buy: Phoenix Mills Ltd.

Target

ICICI Securities Limited

The Phoenix Mills (PHNX) saw Q1FY23 (Apr-Jun’22) like-to-like (LTL) consumption
across malls at Rs19.8bn or 111% of Apr-Jun’19 (Q1FY20) levels which translated
into Q1FY23 retail LTL EBITDA of Rs2.9bn or 115% of Q1FY20 levels.