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HomeMarket NewsPhoenix Mills shares surge over 8% as retail consumption hits all-time high in FY26
Under Phoenix Mills' hotels business, the St. Regis in Mumbai delivered revenue per average room growth of 6% in the fourth quarter from the previous year and 7% in the entire fiscal. Its occupancy was sustained at 86% in FY26.
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Shares of Phoenix Mills Ltd. gained over 8% on Wednesday, April 8, after the company reported a positive business update in the fourth quarter.
The company reported an all-time high retail consumption of ₹16,578 crore in the finanicial year 2026, up 21% from the previous year.
Its consumption in the fourth quarter increased by 31% to ₹4,251 crore from the previous year. It recorded double-digit consumption growth for the year across its portfolio.
Within its commercial segment, it added 2.8 million square feet of Grade A offices across Bengaluru, Chennai and Pune in the financial year 2026. Its total portfolio size was at 4.8 million square feet. The company's portfolio leased occupancy was of 70% as on March 2026.
Under its hotels business, the St. Regis in Mumbai delivered revenue per average room growth of 6% in the fourth quarter from the previous year and 7% in the entire fiscal. Its occupancy was sustained at 86% in FY26.
In its residential segment, Phoenix Mills reported gross sales of ₹471 crore in FY26 from ₹212 crore in the previous year.
Shares of Phoenix Mills are trading 7.6% higher at ₹1,718.8, having made an intraday high of ₹1,735.2. The stock is well below its recent 52-week high of ₹1,993. The stock is down 8.3% so far in 2026.
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