NSE: PHOENIXLTD | BSE: 503100

Expensive Star

Download real time

1848.20 16.90 (0.92%)

New 52W High today

134.0K NSE+BSE Volume

NSE 22 Dec, 2025 10:52 AM (IST)

66,091.3

Market Cap

High in industry

Beta 1Year

High Volatility

Phoenix Mills Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PHOENIXLTD, BSE:503100 Phoenix Mills Ltd.

Search Inside the pdf :

Phoenix Mills Ltd.

19 Dec 2025

1848.20

0.92%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

Target

ICICI Direct

Expect consumption growth to tread higher in Q3FY26: PML is riding upon strong consumption growth (H1FY26 up 13% YoY at 7335 crore, Q2FY26 up 14% YoY at 3750 crore, Q2FY26 adjusted for churns & restructuring 19-20% YoY). Family entertainment & multiplexes/Fashion & Accessories/Jewellery have been reporting 23%/17%/12% and 26%/14%/15% YoY growth in consumption during Q2FY26 and Q1FY16 respectively. Further, with festive season being in Q3FY26, the consumption growth is expected to trend higher in Q3FY26 and probably sustain in...

ICICI Direct increased Buy price target of Phoenix Mills Ltd. to 2210.0 on 19 Dec, 2025.

Phoenix Mills Ltd.

24 Nov 2025

1848.20

0.92%

PHOENIX MILL

Buy: Phoenix Mills Ltd.

Recommendation Target

Geojit BNP Paribas

EBITDA increased 28.8% YoY to Rs. 667cr. EBITDA margin expanded 340bps YoY to 59.8%, driven by strong growth in revenue. Phoenix Mills delivered a strong performance in Q2FY26, driven by resilient retail consumption, improving occupancy across office assets and strong traction in *over or under performance to benchmark index residential sales. A strategic focus on experiential retail through concepts such as Gourmet Village, along with expansions into new geographies, is expected to further enhance footfalls and brand visibility. The office portfolio is witnessing robust...

Number of FII/FPI investors decreased from 795 to 768 in Sep 2025 qtr

Phoenix Mills Ltd.

03 Nov 2025

1848.20

0.92%

The Phoenix Mills

Buy: Phoenix Mills Ltd.

ICICI Direct

About the stock: Phoenix Mills (PML) is a leading retail mall developer and operator in India. It is into retail-led, mixed-use properties. PML has an operational retail area of ~11.5 msf, spread across 12...

Number of FII/FPI investors decreased from 795 to 768 in Sep 2025 qtr

Phoenix Mills Ltd.

31 Oct 2025

1848.20

0.92%

Strong consumption growth and leasing; buoyant residential sales

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

PHNX reported revenue of INR11.2b, +22% YoY/+17% QoQ (in line with estimates), while EBITDA came in at INR6.7b, up 29% YoY/18% QoQ (6% above estimate).

Phoenix Mills Ltd. has an average target of 2069.67 from 3 brokers.

Phoenix Mills Ltd.

01 Sep 2025

1848.20

0.92%

Commissioning of new malls to drive growth beyond FY27

Buy: Phoenix Mills Ltd.

Recommendation Target

Motilal Oswal

During FY15-25, PHNX’s retail portfolio witnessed an 11% CAGR in consumption, supported by ~7% like-for-like growth in the existing malls and the opening of new malls in Lucknow, Indore, Ahmedabad, Pune, and Bengaluru.

ICICI Direct increased Buy price target of Phoenix Mills Ltd. to 2210.0 on 19 Dec, 2025.

Phoenix Mills Ltd.

25 Jul 2025

1848.20

0.92%

ISMDPL stake buyout to unlock value across key assets

Neutral: Phoenix Mills Ltd.

Target

Motilal Oswal

Phoenix Mills (PHNX) reported 1QFY26 revenue of INR9.5b, up 5% YoY/down 6% QoQ (15% below estimate), while EBITDA came in at INR5.6b, up 6% YoY/1% QoQ (19% below estimate).

ICICI Direct increased Buy price target of Phoenix Mills Ltd. to 2210.0 on 19 Dec, 2025.

Phoenix Mills Ltd.

16 May 2025

1848.20

0.92%

PHOENIX MILL

Hold: Phoenix Mills Ltd.

Recommendation Target

Geojit BNP Paribas

Phoenix Mills displayed negative growth in Q4FY25, but its core segments continued to perform well. The company has an ambitious expansion and densification strategy, supported by strong cash flows and a disciplined balance sheet. A strong pipeline of upcoming retail and mixed-use developments across key urban centres is expected to drive robust growth, providing clear visibility on future revenue. This reinforces Phoenix Mills' position as a leading player poised to benefit...

Number of FII/FPI investors decreased from 795 to 768 in Sep 2025 qtr

Phoenix Mills Ltd.

01 May 2025

1848.20

0.92%

Earnings lag; retail portfolio resilient

Neutral: Phoenix Mills Ltd.

Target

Motilal Oswal

The company reported revenue of INR10.2b, -22%/+4% YoY/QoQ (16% below estimate), while EBITDA came in at INR5.6b, -11%/+1% YoY/QoQ (27% below estimate).

ICICI Direct increased Buy price target of Phoenix Mills Ltd. to 2210.0 on 19 Dec, 2025.

Phoenix Mills Ltd.

27 Nov 2024

1848.20

0.92%

PHOENIX MILL

Sell: Phoenix Mills Ltd.

Geojit BNP Paribas

Phoenix Mills Ltd. is trading above all available SMAs

Phoenix Mills Ltd.

28 Oct 2024

1848.20

0.92%

Ramp-up of new assets drives growth in portfolio

Neutral: Phoenix Mills Ltd.

Motilal Oswal

Phoenix Mills (PHNX) posted 2QFY25 revenue of INR9.2b, up 5% YoY (in line). EBITDA stood at INR5.2b, up 2% YoY (6% below est.) as margin contracted143bp YoY.

ICICI Direct increased Buy price target of Phoenix Mills Ltd. to 2210.0 on 19 Dec, 2025.

Is Phoenix Mills Ltd. worth buying?

104 Votes:

Buy 84.62%

Sell 9.62%

Hold 5.77%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf