The Phoenix Mills Limited (PML) reported strong operational performance for the third quarter and nine months ended December 31, 2025. Retail consumption saw a significant 20% year-on-year (YoY) growth in Q3 FY26, reaching approximately ₹4,787 crore, and a 15% YoY increase to approximately ₹12,122 crore for the 9M FY26. This growth was broad-based, despite ongoing revamp and premiumisation initiatives at select assets.

The company's commercial office segment demonstrated robust leasing activity, with gross leasing of approximately 1.20 million sq ft in 9M FY26. Leased occupancy in operational assets at Mumbai and Vimannagar, Pune, improved to 77% by December 2025 from 67% in March 2025. Millennium Towers 1 and 2 in Pune received their Occupation Certificates in Q3 FY26, and the complex achieved USGBC LEED PlatinumTM Certification in November 2025.

The hospitality portfolio, led by The St. Regis, Mumbai, delivered steady performance with high occupancies and Average Room Rate (ARR)-driven Revenue Per Available Room (RevPAR) growth. The St. Regis, Mumbai, recorded a 10% YoY RevPAR growth in Q3 FY26, with an occupancy of 86%.

In the residential segment, gross sales were approximately ₹140 crore in Q3 FY26 (up from ₹58 crore in Q3 FY25) and approximately ₹412 crore in 9M FY26 (up from ₹135 crore in 9M FY25), reflecting robust execution and monetization of premium inventory.

The company also informed that the aforementioned information is uploaded on its website.