Phoenix Mills will host an earnings conference call on Wednesday, July 29, 2026, at 11:00 AM IST to discuss its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors is scheduled to approve these results on Tuesday, July 28, 2026, with the official announcement to follow immediately after the meeting concludes.

This disclosure is made in compliance with Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The earnings call aims to provide investors and analysts with insights into the financial performance and key developments during the first quarter of FY27.

Conference Call Details

Investors can participate in the call via the following dial-in numbers and links:

Participants are advised to pre-register via the DiamondPass™ link provided by the company. The results presentation will be shared prior to the scheduled call.

Regulatory Compliance

The intimation was issued on July 23, 2026, by Bhavik Gala, Company Secretary (Mem No: F8671). The notice has been uploaded to the company's investor relations website for public record. This process ensures transparency and equal access to information for all stakeholders as mandated by regulatory frameworks.

Phoenix Mills commenced FY27 with robust operating performance across its retail, office, hospitality, and residential segments for the quarter ended June 30, 2026. The retail business led the growth with a 32% year-on-year increase in portfolio consumption, reaching Rs. 4,727 crores, driven by healthy trends across existing assets. This performance was supported by planned repositioning and premiumisation initiatives, including the relaunch of Phoenix MarketCity Pune as Phoenix Avenue of Stars to align with the city's premium consumption landscape.

JPMorgan Analyst View

JPMorgan has maintained its Overweight rating on Phoenix Mills with a target price of ₹2,000, citing the company's strong Q1 FY27 consumption performance. The brokerage noted that consumption grew 32% year-on-year and 11% quarter-on-quarter to ₹47.3 billion, beating market expectations, with double-digit growth recorded across most malls. On concerns over lower gold prices potentially hurting jewellery sales, JPMorgan highlighted that the impact on Phoenix Mills remains limited, given the relatively modest profit-sharing contribution from jewellery tenants to overall revenues.

Commercial and Hospitality Performance

The commercial office portfolio saw improved occupancy, rising to 72% as of June 2026 from 70% as of March 2026. Gross leasing of approximately 1.9 lakh sq. ft. was completed during the quarter, with advanced-stage discussions underway across key markets indicating further occupancy improvements. The hospitality segment delivered strong results, with The St. Regis, Mumbai and Courtyard by Marriott Agra recording RevPAR (Revenue Per Available Room) growth of 15% and 23% year-on-year, respectively, supported by healthy occupancies and double-digit Average Room Rate (ARR) growth.

Residential Operations

Residential operations focused on monetising premium ready inventory, achieving sales of Rs. 64 crores and collections of Rs. 51 crores for the quarter. The company continues to leverage its retail-led platform to drive sustainable long-term growth. These figures are provisional and unaudited, subject to finalisation and audit adjustments.

Key Operational Metrics — Q1 FY27

The following table summarises Phoenix Mills' key operational metrics across all business segments for Q1 FY27:

JPMorgan Rating Summary