Phoenix Mills Ltd.

NSE: PHOENIXLTD | BSE: 503100 | ISIN: INE211B01039 | Industry: Realty
| Slowing Down Stock

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Phoenix Mills Ltd.
10 Aug 2023
1495.00
-3.32%
ICICI Securities Limited
The Phoenix Mills (PHNX) clocked Q1FY24 (Apr-Jun’23) like-to-like (LTL) consumption across malls at 109% of Q1FY23 (Apr-Jun’22) levels. Adjusted for store closures in Lifestyle Block of Palladium, Mumbai LTL consumption would have stood at 110% of Q1FY23 levels. As per company, while consumption growth in Jul’23 slowed to 6% owing to monsoon impact in Mumbai, with an expected ramp up in traded occupancies by 3-5% by Q3FY24, LTL growth should trend higher in the festive season and possibly enable the company to achieve double digit LTL consumption growth.
Number of FII/FPI investors increased from 808 to 821 in Mar 2025 qtr.
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