Phoenix Mills Reports 12% YoY Increase in Q1 Retail Sales and Significant Growth in Residential Sales
Phoenix Mills, a leading real estate development company, has reported robust Q1 performance. Retail sales increased by 12% year-over-year. The residential segment saw exceptional growth with gross sales reaching 1.68 billion rupees, a 236% increase from the previous year's 500 million rupees.

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Phoenix Mills , a leading real estate development company, has reported robust performance in the first quarter, showcasing strong growth across its retail and residential segments.
Retail Segment Performance
The company's retail sales witnessed a notable uptick, increasing by 12% compared to the same period last year. This double-digit growth in retail sales underscores the resilience and strength of Phoenix Mills' retail portfolio, which includes premium shopping malls and entertainment centers across India.
Residential Segment Surge
In a significant development, Phoenix Mills has reported exceptional growth in its residential segment. The company's gross residential sales reached an impressive 1.68 billion rupees in Q1. This marks a substantial increase from the 500 million rupees recorded in the corresponding period of the previous year, representing a remarkable year-on-year growth of 236%.
Financial Highlights
To provide a clear overview of the company's performance, here's a summary of the key financial highlights for Q1:
Segment | Q1 Performance | YoY Change |
---|---|---|
Retail Sales | 12% increase | +12% |
Gross Residential Sales | 1.68 billion rupees | +236% |
The substantial growth in both retail and residential segments indicates strong positive momentum for Phoenix Mills in the current period. This performance suggests that the company's strategic initiatives and market positioning are yielding favorable results across its diverse real estate portfolio.
As Phoenix Mills continues to navigate the dynamic real estate landscape, the company's ability to drive growth in both retail and residential sectors positions it well for the future. Investors and industry observers will likely keep a close watch on the company's performance in the coming quarters to see if this strong start translates into sustained growth.
Historical Stock Returns for Phoenix Mills
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.63% | +1.84% | -2.54% | -6.95% | -16.21% | +436.71% |