Phoenix Mills Limited has delivered a landmark performance in FY26, achieving record retail consumption of Rs 16,578 crore while demonstrating robust growth across all business segments. The company's strategic focus on optimizing existing assets and expanding its commercial office portfolio has yielded significant results, positioning it strongly for continued growth.

Record Retail Performance Drives Growth

The retail segment achieved exceptional performance with portfolio consumption reaching an all-time high, delivered entirely from the existing portfolio without any new mall additions during the year.

The strong performance was broad-based across the portfolio, with Q4 FY26 recording the strongest quarterly growth of the year at 31% year-on-year. This achievement is particularly noteworthy as it was delivered while select assets underwent planned repositioning and premiumisation initiatives designed to strengthen their medium-term earnings profile.

Commercial Office Portfolio Expansion and Leasing Success

The office segment witnessed significant expansion and strong occupier interest across key markets during FY26.

The office portfolio demonstrated robust leasing momentum with advanced-stage discussions across assets providing clear visibility for further occupancy improvements. The expansion strategy has successfully diversified the company's geographic presence in key commercial markets.

Hospitality Segment Maintains Premium Positioning

The hotel portfolio delivered resilient performance despite challenging market conditions and a high prior-year base.

St. Regis Mumbai Performance:

• Q4 FY26 RevPAR Growth: 6% YoY
• FY26 RevPAR Growth: 7% YoY
• FY26 Occupancy: 86% (consistent with previous year)
• Growth Driver: ARR improvement supporting rate-led premium model

The sustained occupancy levels and revenue growth underscore the hotel's strong market positioning and operational efficiency in the luxury segment.

Residential Sales Double Year-on-Year

The residential segment achieved remarkable growth, more than doubling sales performance through steady execution and premium inventory monetisation.

This significant improvement reflects the company's focused approach to monetising ready, premium residential inventory and effective execution capabilities.

Strategic Outlook and Growth Trajectory

FY26 represented a defining year for Phoenix Mills Limited, with each business segment making meaningful progress and strengthening its growth trajectory. The company's ability to deliver record performance from existing assets while expanding its office portfolio demonstrates operational excellence and strategic execution.

With operating momentum intact across all segments and multiple growth drivers in place, the company is well-positioned to continue delivering consistent growth. The combination of retail portfolio optimization, office expansion success, hospitality resilience, and residential momentum provides a strong foundation for future performance.

Note: All figures mentioned are provisional and unaudited, subject to finalization and audit adjustments.

Phoenix mills Limited has submitted its mandatory confirmation certificate under SEBI regulations for the quarter ended March 31, 2026. The compliance document was filed with both BSE Limited and National Stock Exchange of India Limited on April 02, 2026, ensuring adherence to regulatory requirements for listed companies.

Regulatory Compliance Details

The confirmation certificate was issued pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates that companies provide quarterly confirmations regarding the proper handling of dematerialisation processes through their registrar and share transfer agents.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on April 01, 2026. The registrar confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

The certificate validates that all security certificates received for dematerialisation were appropriately verified, mutilated, and cancelled by depository participants. Additionally, the names of depositories were substituted in the register of members as registered owners following established procedures.

Corporate Governance

Company Secretary Bhavik Gala (Membership No. F8671) signed and submitted the compliance document on behalf of Phoenix Mills Limited. The submission demonstrates the company's commitment to maintaining transparency and adhering to SEBI's regulatory framework for depositories and participants.

This quarterly filing represents a routine compliance requirement that ensures proper oversight of dematerialisation processes and maintains investor confidence in the securities market infrastructure.