Slides
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Phoenix Palassio, Lucknow The Phoenix Mills Ltd. Investor Presentation Q1 FY26
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Photo shot at location Phoenix Mall of the Millennium Performance Overview Business Performance - Retail Financial Results Annexure 22
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Q1 FY26 Consolidated Performance Overview 3 Rs. 953 cr Up 5% vs Q1 FY25 Rs. 564 cr Up 6% vs Q1 FY25 Consolidated Group Performance Rs. 881 cr Up 4% vs Q1 FY25 Rs. 544 cr Up 2% vs Q1 FY25 Core Businesses (Retail, Office, Hotel) Revenue from operations Operating EBITDA Revenue from operations Operating EBITDA
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Photo shot at location Phoenix MarketCity Mumbai Performance Overview Business Performance - Retail Financial Results Annexure 44
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5 Unveiling the Gourmet Village at Phoenix Palladium (West Zone) 18 F&B Outlets| F&B and Experiential Hub | 2 dedicated floors Indicative Render
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6 Gourmet Village at Phoenix Palladium (West Zone) 12 Outlets | Launched in July 2025 Photo shot at location Photo shot at location Photo shot at location
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7 Gourmet Village at Phoenix Palladium (West Zone) More F&B launches continue Photo shot at location Photo shot at location Photo shot at location
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8 Unlocking new experiences at Phoenix Palladium (West Zone) Launch of Game Palacio Photo shot at location Photo shot at location
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Concept Architect Strategic Brand Refresh underway to drive Consumption, Rentals, & EBITDA Growth 99 Initiatives to churn, resize and relocate brands… • Anchor resizing and relocation to accommodate high-performing, new-age brands • Premium and luxury brands being targeted for prime, high-footfall zones • Enhanced F&B and entertainment mix to boost engagement … to establish premium positioning for the mall, boost footfall and customer dwell time and drive stronger consumption and rental growth going forward Retail Portfolio: Leased Occupancy at 95%+ but Trading Occupancy at 89% (June 2025): Large Gap between Leased Occupancy and Trading Occupancy is Temporary and Strategic Trading Occupancy poised to return to stabilized levels of 95%+ in coming quarters
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Concept Architect Retail business overview 1010 Rs. 3,588 cr Growth: 12% Q1 FY26 Consumption Rs. 506 cr Growth: 4% Q1 FY26 Retail Rental Income Rs. 535 cr Growth: 4% Q1 FY26 Retail EBITDA
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Concept Architect 1111 Q1 FY26 Retail consumption up by 12% over Q1 FY25 577 439 415 381 369 323 313 304 203 141 65 58 Phoenix Palladium PMC Bangalore PMC Pune PMC & Palladium Chennai Phoenix Mall of Asia Phoenix Mall of the Millennium PMC Mumbai Phoenix Palassio Palladium Ahmedabad Phoenix Citadel PU Bareilly PU Lucknow Q1 FY26 Consumption (Rs. cr) • Total consumption in Q1 FY26 stood at ~Rs. 3,588 cr, demonstrating a YoY growth of 12% over Q1 FY26. • Gross retail collections* stood at ~Rs. 853 cr in Q1 FY26, with a growth of 7% over Q1 FY25. Growth over Q1 FY25 Note: Above numbers are indicative unaudited numbers and presented for illustration purpose. The actual numbers could be mate rially different from indicative numbers. *Retail collections inclusive of GST and CAM & other recoveries from retailers. 8% -3% 2% 2% 56% 37% 4% 11% 22% 14% 14% 7%
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Q1 FY26 - Consumption across entire spectrum of discretionary wallet spend 1212 55% 13% 10% 10% 5% 5% 2% Fashion & Accessories Jewellery Electronics Food & Beverages Others FEC & Multiplex Gourmet & Hypermarket Consumption Contribution Trading Area Mix YoY Consumption Growth 61% 2% 3% 11% 4% 15% 4% 14% 15% 1% 2% 18% 26% -9% Growth: 12%
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Q1 FY26 Q1FY25 Retail Rental Income Retail Rental Income (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 101 97 4% Phoenix MarketCity Bangalore 48 51 -6% Phoenix MarketCity Pune 54 53 0% Phoenix MarketCity and Palladium Chennai 57 56 2% Phoenix MarketCity Mumbai 45 44 2% Phoenix Palassio Lucknow 36 34 5% Phoenix United Lucknow 9 9 5% Phoenix United Bareilly 7 6 12% Phoenix Citadel Indore (operational from Dec-22) 25 23 9% Palladium Ahmedabad (operational from Feb-23) 33 29 14% Phoenix Mall of the Millennium Pune (operational from Sep-23) 43 38 15% Phoenix Mall Asia Bangalore (operational from Oct-23) 48 48 0% Grand Total 506 488 4% Name of Asset % growth Q1 FY26 Retail Rental Income grew by 4% over Q1 FY25 13
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Q1 FY26 Q1FY25 Retail EBITDA Retail EBITDA (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 105 103 2% Phoenix MarketCity Bangalore 51 56 -10% Phoenix MarketCity Pune 60 58 3% Phoenix MarketCity and Palladium Chennai 63 62 2% Phoenix MarketCity Mumbai 48 48 1% Phoenix Palassio Lucknow 39 37 4% Phoenix United Lucknow 9 9 6% Phoenix United Bareilly 7 6 11% Phoenix Citadel Indore (operational from Dec-22) 27 23 17% Palladium Ahmedabad (operational from Feb-23) 32 27 20% Phoenix Mall of the Millennium Pune (operational from Sep-23) 45 34 31% Phoenix Mall Asia Bangalore (operational from Oct-23) 49 51 -3% Grand Total 535 514 4% Name of Asset % growth Q1 FY26 Retail EBITDA grew by 4% over Q1 FY25 14
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Indicative Render One National Park, Chennai Performance Overview Business Performance - Offices Financial Results Annexure 1515
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Concept Architect 1616 Rs. 52 cr Growth: 4% Q1 FY26 Income Rs. 34 cr Growth: 8% Q1 FY26 EBITDA 70% Across operational assets Occupancy (Jun-25) ~Rs. 116 pspm Across operational assets Gross Rent (Jun-25 Avg.) Commercial office business overview Operational assets: Mumbai, Pune
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Leasing and occupancy in the Commercial Office Portfolio • Gross leasing of ~4.07 lakh sq. ft. in the offices at Mumbai, Pune, Bengaluru and Chennai during Q1 FY26. • Pre-leasing commenced at One National Park, our offices in Chennai, nearing completion. 17 Asset Location Net Leasable Area (msft) Area Leased (msft) % area leased Gross Rent (psfpm)* Art Guild House Mumbai 0.63 0.55 87% 122 Phoenix Paragon Mumbai 0.31 0.19 62% 136 The Centrium Mumbai 0.11 0.06 59% 117 Phoenix House Mumbai 0.11 0.04 38% 185 FountainHead Pune 0.83 0.55 66% 98 Total 1.99 1.39 70% 116* Gross rent includes CAM and Property Tax.
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Q1 FY26 Commercial Offices Income stood at Rs. 52 cr, up 4% over Q1 FY25 Q1 FY26 Q1 FY25 Growth (%) Q1 FY26 Q1 FY25 Growth (%) Q1 FY26 Q1 FY25 Art Guild House, Mumbai 24 23 3% 16 16 2% 70% 71% Phoenix Paragon, Mumbai 8 9 -9% 5 5 -9% 58% 57% The Centrium, Mumbai 3 3 -5% 2 2 1% 59% 55% Phoenix House, Mumbai 2 2 -3% NA NA Fountainhead, Pune 15 13 17% 11 9 29% 73% 66% Total 52 50 4% 34 32 8% 65% 63% Operational Portfolio EBITDA as % of Total Income Part of Phoenix Palladium Total Income (Rs. cr) EBITDA (Rs. cr) 18* Gross rent includes CAM and Property Tax. • Income from commercial offices in Q1 FY26 stood at Rs. 52 cr, up 4% over Q1 FY25. • EBITDA stood at Rs. 34 cr, up 8% over Q1 FY25.
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Photo shot at location Koiishii, The St. Regis, Mumbai Performance Overview Business Performance - Hospitality Financial Results Annexure 1919
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Concept Architect 2020 Hotels Overview Rs. 130 cr Growth: 11% Q1 FY26 Income Rs. 58 cr Growth: 19% Q1 FY26 EBITDA
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Concept Architect 2121 The St. Regis, Mumbai: Performance overview for Q1 FY26 Occupancy 83% Q1 FY26 13,923 15,464 Q1 FY25 Q1 FY26 RevPAR (Rs.) 11% Growth Note: F&B includes revenue from Banquet EBITDA Overview ~Rs. 48 Cr Margin: 44% ~Rs. 57 Cr Margin: 47% Q1 FY25 Q1 FY26 YoY Growth: 19% vs Q1 FY25 Revenue Overview ~Rs. 109 Cr ~Rs. 119 Cr Q1 FY25 Q1 FY26 YoY Growth: 10% vs Q1 FY25 85% Q1 FY25 Q1 FY26 Revenue Mix F&B 46% Rooms 44% Other 10% Rs. 119 crores 16,425 18,542 Q1 FY25 Q1 FY26 13% Growth ARR (Rs.)
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The St. Regis, Mumbai 22 Photo shot at location (Rs. cr) Q1 FY26 Q1 FY25 % growth Revenue from Rooms 53 48 10% Revenue from F&B and Banquet 55 51 8% Other Operating Income 12 10 21% Total Income 119 109 10% Operating EBITDA 57 48 19% EBITDA margin (%) 47% 44% NA
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Courtyard by Marriott, Agra: Performance overview for Q1 FY26 23 Occupancy 71% Q1 FY26 4,166 4,374 Q1 FY25 Q1 FY26 5% Growth ARR (Rs.) 2,606 3,109 Q1 FY25 Q1 FY26 19% Growth RevPAR (Rs.) Note: F&B includes revenue from Banquet Q1 FY26 Revenue Mix F&B 49%Rooms 48% Other 3% Rs. 11 crores 63% Q1 FY25 EBITDA Overview ~Rs. 1.4 Cr Margin: 15% ~Rs. 1.6 Cr Margin: 15% Q1 FY25 Q1 FY26 YoY Growth: 19% vs Q1 FY25 Revenue Overview ~Rs. 9 Cr ~Rs. 11 Cr Q1 FY25 Q1 FY26 YoY Growth: 24% vs Q1 FY25
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Courtyard by Marriott, Agra (Rs. cr) Q1 FY26 Q1 FY25 % growth Revenue from Rooms 5.3 4.5 19% Revenue from F&B and Banquet 5.4 4.0 35% Other Operating Income 0.3 0.3 -25% Total Income 11.0 8.8 24% Operating EBITDA 1.6 1.4 19% EBITDA margin (%) 15% 15% NA 24 Photo shot at location
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Business Update Business Performance: Residential Financial Results Annexure 25 Indicative Render One Bangalore West
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Concept Architect Residential Portfolio: Steady traction in demand for ready units 2626 Q1 FY26 Gross Sales Rs. 168 Cr Average sales price for Q1 FY26 ~27,000 psfRs. 99 Cr Q1 FY26 Collections
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Concept Architect Residential Portfolio: Steady traction in demand for ready units 2727 ✓ Gross sales of ~Rs. 168 cr in Q1 FY26 (up vs. ~Rs. 50 cr in Q1 FY25) ✓ Collections of ~Rs. 99 cr in Q1 FY26 (up vs. ~Rs. 60 cr in Q1 FY25) ✓ Sales booked and revenue recognized during the quarter of Rs. 40 cr ✓ Balance sales booking in Q1 FY26 to positively impact revenue recognition in the coming quarters Note: 1. Area Figures given in the table are as of 30-Jun-25 2. Of the nine towers in One Bangalore West (OBW), only Towers 1-7 have been launched and completed. Towers 8 & 9 are yet to be lau nched, with a saleable area of ~0.66 msft. 3. Refers to sales where Agreement To Sell was registered. in Q1 FY26 Cumulative One Bangalore West2 2.45 1.79 1.74 0.04 2,019 29 10 1,943 Kessaku, Bengaluru 1.03 1.03 0.77 0.26 1,357 69 30 1,298 Total 3.48 2.82 2.52 0.30 3,376 99 40 3,241 Collections in Q1 FY26 (Rs. cr) Revenue recognized (Rs. cr) Project Name1 Total Saleable area (msft) Area launched (msft) Cumulative Area Sold (msft) Constructed and ready to sell inventory (msft) Cumulative Sales Value (Rs. cr) 3
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Business Update Business Performance Financial Results Annexure Photo shot at location 28Phoenix Palladium, Mumbai
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Q1 FY26 Break up of Consolidated P&L 29 (Rs. cr) Q1 FY26 Q1 FY25 YoY% Revenue from core businesses (Retail, Offices, Hotel) 881 845 4% Add: Residential and others 72 60 21% Consolidated Revenue 953 904 5% Revenue from core businesses (Retail, Offices, Hotel) 544 531 2% Add: Residential and others 20 0 NM Consolidated EBITDA 564 531 6%
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(Rs. cr) Q1 FY26 Q1 FY25 YoY% Income from operations 953 904 5% Operating EBITDA 564 531 6% EBITDA Margin (%) 59% 59% 0 pps Add: Other income 32 38 -18% Less: Finance Cost 95 103 -8% Less: Depreciation 93 77 21% Profit before tax & exceptional items 407 389 5% Exceptional items1 0 -1 NC Profit before tax 407 388 5% Less: Tax 87 75 17% Net Profit after tax for the period 320 313 2% Net Profit after tax, and after share of associates and minority interest 241 233 4% Diluted EPS (Rs.) (after exceptional items) 6.73 6.50 3% Q1 FY26 Consolidated EBITDA at Rs. 564 crores, up 6% 30 Notes: 1. Exceptional item represents tax on gain on account of sale of undivided share in land and applicable Development Potential by the company to its subsidiary, Plutocrat Commercial Real Estate Private Limited NC: Not comparable due to exceptional items
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(Rs. cr) Q1 FY26 Q1 FY25 YoY% Income from operations 126 118 6% Operating EBITDA 82 77 6% EBITDA Margin (%) 65% 65% 0 pps Add: Other income 6 6 -7% Less: Finance Cost 17 17 2% Less: Depreciation 22 8 174% Profit before tax & exceptional items 48 58 -18% Exceptional items1 - 47 NC Profit before tax 48 106 NC Less: Tax 7 10 -25% Net Profit after tax for the period 41 96 NC Diluted EPS (Rs.) (after exceptional items) 1.14 2.68 NC Q1 FY26 Standalone EBITDA at Rs. 82 crores 31 Notes: 1. Exceptional item for Q1 FY25 includes gain on account of sale of undivided share in Land including its development potential by PML to its Subsidiary, Plutocrat Commercial Real Estate Private Limited aggregating to Rs. 76 crs. Figures presented above are net of taxes. NC: Not comparable due to exceptional items
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1,702 Group-level Debt and Cash position as on 30th June 2025 vs. 31st March 2025 4,409 Liquidity (Bank balance + Investments + DSRA)*^ 2,707 Gross Debt^ 31-Mar-25 Net Debt^ Amount Rs. cr *Does not include amount available in overdraft accounts ^ Includes Starboard which does not form part of PML Consolidated financials 32 1,778 4,435 2,657 30-Jun-25 +76 +27 -49 Change ~1.2xNet Debt to EBITDA^ ~1.2x
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9.19% 8.17% 7.30% 8.74% 8.81% 8.50% 7.92% 4.40% 4.00% 4.00% 6.50% 6.50% 6.25% 5.50% Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 PML's Avg. Cost of Debt (%) RBI Repo rate (%) Average cost of debt in June-2025 down to 7.92% 33 Effective cost of debt (%) Spread: 225 bps Spread: 479 bps
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1,329 PML-level Debt and Cash position as on 30th June 2025 vs. 31st March 2025 3,258 Liquidity (Bank balance + Investments + DSRA)*^ 1,929 Gross Debt^ 31-Mar-25 Net Debt^ Amount Rs. cr *Does not include amount available in overdraft accounts ^ Includes Starboard which does not form part of PML Consolidated financials 34 1,393 3,257 1,863 30-Jun-25 +64 -1 -65 Change ~1.2xNet Debt to EBITDA^ ~1.1x PML’s economic interest
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Business Update Business Performance Financial Results Annexure Photo shot at location 35Phoenix Palassio Lucknow
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Phoenix Palladium Mumbai *Average Leased/ Trading Occupancy for the period (Rs. cr) Q1 FY26 Q1FY25 % growth Rental 101 97 4% CAM & Others 21 21 1% Total Income 122 118 3% Asset EBITDA 105 103 2% Asset EBITDA as % of Rental 104% 106% -2 pps PML Standalone EBITDA 82 77 6% Mall GLA (msft)^ 1.02 0.87 NC Rental Rate (Rs. pspm) 432 423 2% Consumption (Rs. cr) 577 536 8% Trading Density (Rs. pspm) 3,437 3,245 6% Leased Occupancy (%)* 97% 98% NC Trading Occupancy (%)* 83% 97% NC 36
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Phoenix MarketCity Bangalore (Rs. cr) Q1 FY26 Q1FY25 % growth Rental 48 51 -6% CAM & Others 20 23 -12% Total Income 68 74 -8% Asset EBITDA 51 56 -10% Asset EBITDA as % of Rental 106% 110% -4 pps Rental Rate (Rs. pspm) 191 172 12% Consumption (Rs. cr) 439 453 -3% Trading Density (Rs. pspm) 2,670 2,313 15% Leased Occupancy (%)* 94% 98% -4 pps Trading Occupancy (%)* 84% 97% -13 pps 37 Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd., a 100% subsidiary of PML *Average Leased/ Trading `Occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 54 53 0% CAM & Others 24 23 2% Total Income 77 77 1% Asset EBITDA 60 58 3% Asset EBITDA as % of Rental 112% 109% 3 pps Rental Rate (Rs. pspm) 166 156 6% Consumption (Rs. cr) 415 408 2% Trading Density (Rs. pspm) 1,958 1,775 10% Leased Occupancy (%)* 92% 97% -5 pps Trading Occupancy (%)* 88% 95% -7 pps Phoenix MarketCity Pune 38 Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd., a 100% subsidiary of PML *Average Leased/ Trading `Occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 57 56 2% CAM & Others 31 31 1% Total Income 88 87 2% Asset EBITDA 63 62 2% Asset EBITDA as % of Rental 110% 111% -1 pps Rental Rate (Rs. pspm) 181 169 7% Consumption (Rs. cr) 381 373 2% Trading Density (Rs. pspm) 1,806 1,684 7% Leased Occupancy (%)* 96% 96% -1 pps Trading Occupancy (%)* 88% 95% -7 pps Phoenix MarketCity & Palladium Chennai 39 Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd., a 100% subsidiary of PML *Average Leased/ Trading `Occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 45 44 2% CAM & Others 21 22 -2% Total Income 67 66 1% Asset EBITDA 48 48 1% Asset EBITDA as % of Rental 107% 107% -1 pps Rental Rate (Rs. pspm) 133 129 3% Consumption (Rs. cr) 313 301 4% Trading Density (Rs. pspm) 1,426 1,403 2% Leased Occupancy (%)* 97% 99% -2 pps Trading Occupancy (%)* 91% 92% -1 pps Phoenix MarketCity Mumbai 40 Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd., a 100% subsidiary of PML *Average Leased/ Trading `Occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 36 34 5% CAM & Others 19 17 6% Total Income 55 52 5% Asset EBITDA 39 37 4% Asset EBITDA as % of Rental 107% 108% -1 pps Rental Rate (Rs. pspm) 137 130 5% Consumption (Rs. cr) 304 274 11% Trading Density (Rs. pspm) 1,751 1,547 13% Leased Occupancy (%)* 99% 99% 0 pps Trading Occupancy (%)* 96% 97% -1 pps Phoenix Palassio 41 *Average Leased/ Trading `Occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 9 9 5% CAM & Others 6 5 5% Total Income 15 14 5% Asset EBITDA 9 9 6% Asset EBITDA as % of Rental 101% 100% 1 pps Rental Rate (Rs. pspm) 99 96 3% Consumption (Rs. cr) 58 54 7% Trading Density (Rs. pspm) 901 828 9% Leased Occupancy (%)* 86% 88% -1 pps Trading Occupancy (%)* 79% 78% 1 pps Phoenix United Lucknow 42 *Average Leased/ Trading `Occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 7 6 12% CAM & Others 5 5 8% Total Income 12 11 11% Asset EBITDA 7 6 11% Asset EBITDA as % of Rental 99% 100% -1 pps Rental Rate (Rs. pspm) 77 72 7% Consumption (Rs. cr) 65 57 14% Trading Density (Rs. pspm) 1,025 925 11% Leased Occupancy (%)* 91% 91% 0 pps Trading Occupancy (%)* 89% 84% 5 pps Phoenix United Bareilly 43 *Average Leased/ Trading `Occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 25 23 9% CAM & Others 15 15 -1% Total Income 41 39 5% Asset EBITDA 27 23 17% Asset EBITDA as % of Rental 105% 98% 7 pps Rental Rate (Rs. pspm) 89 82 9% Consumption (Rs. cr) 141 124 14% Trading Density (Rs. pspm) 720 635 13% Leased Occupancy (%)* 92% 94% -2 pps Trading Occupancy (%)* 91% 90% 1 pps Phoenix Citadel 44 Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd., a 100% subsidiary of PML *Average trading occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 33 29 14% CAM & Others 18 15 20% Total Income 51 44 16% Asset EBITDA 32 27 20% Asset EBITDA as % of Rental 99% 94% 5 pps Rental Rate (Rs. pspm) 112 149 -25% Consumption (Rs. cr) 203 166 22% Trading Density (Rs. pspm) 1,485 1,376 8% Leased Occupancy (%)* 97% 97% 0 pps Trading Occupancy (%)* 95% 87% 8 pps Palladium Ahmedabad 45 Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd., a 100% subsidiary of PML *Average trading occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 43 38 15% CAM & Others 23 19 20% Total Income 66 56 17% Asset EBITDA 45 34 31% Asset EBITDA as % of Rental 103% 90% 13 pps Rental Rate (Rs. pspm) 133 135 -1% Consumption (Rs. cr) 323 235 37% Trading Density (Rs. pspm) 1,555 1,337 16% Leased Occupancy (%)* 96% 94% 2 pps Trading Occupancy (%)* 92% 78% 14 pps Phoenix Mall of the Millennium 46 Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd., a 100% subsidiary of PML *Average trading occupancy for the period
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(Rs. cr) Q1 FY26 Q1FY25 % growth Rental 43 38 15% CAM & Others 23 19 20% Total Income 66 56 17% Asset EBITDA 45 34 31% Asset EBITDA as % of Rental 103% 90% 13 pps Rental Rate (Rs. pspm) 133 135 -1% Consumption (Rs. cr) 323 235 37% Trading Density (Rs. pspm) 1,555 1,337 16% Leased Occupancy (%)* 96% 94% 2 pps Trading Occupancy (%)* 92% 78% 14 pps Phoenix Mall of Asia 47 Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd., a 100% subsidiary of PML *Average trading occupancy for the period (Rs. cr) Q1 FY26 Q1FY25 % growth Rental 48 48 0% CAM & Others 23 23 2% Total Income 71 70 0% Asset EBITDA 49 51 -3% Asset EBITDA as % of Rental 104% 107% -3 pps Rental Rate (Rs. pspm) 153 182 -16% Consumption (Rs. cr) 369 236 56% Trading Density (Rs. pspm) 1,804 1,365 32% Leased Occupancy (%)* 91% 91% 0 pps Trading Occupancy (%)* 84% 70% 14 pps
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Status Asset Type SPV Asset Name PML Ownership (%) Q4 FY25 (Rs. Cr) Q1 FY26 (Rs. Cr) Operational Retail & Mixed-Use The Phoenix Mills Ltd. (Standalone) Phoenix Palladium, Mumbai 100.0% 753 738 Classic Mall Development Phoenix MarketCity Chennai 100.0% 432 429 Vamona Developers Phoenix MarketCity Pune 67.1% 285 282 Island Star Mall Developers Phoenix MarketCity Bangalore 51.0% 372 366 Starboard Hotels Phoenix Palladium Chennai 50.0% 157 187 Offbeat Developers Phoenix MarketCity Mumbai 67.1% 364 344Art Guild House (Offices), Mumbai The Centrium (Offices), Mumbai Blackwood Developers Phoenix United Bareilly 100.0% 46 43 UPAL Developers Phoenix United Lucknow 100.0% 0 0 Destiny Retail Mall Developers Phoenix Palassio, Lucknow 100.0% 444 440 Insight Mall Developers Phoenix Citadel, Indore 51.1% 98 97 SGH Realty Palladium, Ahmedabad 50.1% 493 487 Alyssum Developers Phoenix Mall of the Millennium and Millennium Towers, Pune 51.0% 358 364 Sparkle One Mall Developers Phoenix Mall of Asia and Phoenix Asia Towers, Bengaluru 51.0% 139 132 Hotel Pallazzio Hotels & Leisure The St. Regis, Mumbai 73.0% 247 257 Office Graceworks Realty & Leisure Phoenix Paragon, Mumbai 67.1% 92 91 Alliance Spaces Fountainhead, Pune 100.0% 43 41 Sub-Total (A) 4,323 4,300 Under- development Retail Mindstone Mall Developers Phoenix Grand Victoria, Kolkata 51.0% 85 119 Thoth Mall And Commercial Real Estate Retail Development at Surat 53.7% - 16 Sub-Total (B) 85 136 Entity-wise Gross Debt across Assets (A + B) 4,409 4,435 Gross Debt across Subsidiaries as on 30th June 2025 48
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Click on the logos to for updates on Instagram 49 Phoenix Marketcity Pune logo Phoenix Marketcity Kurla logo Phoenix Marketcity Bangalore logo Phoenix Marketcity Chennai logo Phoenix Palassio logo Phoenix Citadel, Indore | Linktree Palladium Ahmedabad (@palladiumAhm) / X Phoenix Mall of the Millennium | Pune Phoenix Mall Of Asia (@phoenixmoa) • Instagram photos and videos R E T A I L The St. Regis Mumbai logo H O S P I T A L I T Y Phoenix Kessaku Project Logo R E S I D E N T I A L Phoenix Workspaces logo W O R K S P A C E S
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50 Karl Kolah Email: karl.kolah@phoenixmills.com Madhurima Kane Email: madhurima.kane@phoenixmills.com Website: https://www.thephoenixmills.com/investors Linkedin: The Phoenix Mills Limited 50