By BullScreen Editorial Team 
Shares of Phoenix Mills Ltd surged 7.11 percent on Wednesday after the company reported a robust 122 percent jump in residential sales for FY26, reflecting strong demand across its integrated retail, office, hospitality, and residential businesses. The stock touched a day high of Rs 1,716.95, up from Rs 1,594.85 in the previous session, continuing its five-year upward trajectory that has delivered 357 percent returns to investors.
FY26 proved to be a milestone year for Phoenix Mills, with retail consumption hitting a record Rs 16,578 crore, marking a 21 percent increase from FY25, despite no new mall openings. Q4 retail sales stood out with 31 percent year-on-year growth to Rs 4,251 crore, driven by broad-based consumer demand and ongoing premiumisation across its assets.
The company also expanded its office portfolio, adding approximately 2.8 msft of Grade A space, taking total gross leasable area to 4.8 msft. Strong occupier demand resulted in gross leasing of over 2.2 msft in FY26, raising occupancy to around 70 percent. Hospitality performance remained resilient, with The St. Regis Mumbai posting 7 percent RevPAR growth and occupancy of 86 percent.
Residential sales surged 122 percent YoY to Rs 471 crore, supported by strong execution and robust demand for premium ready-to-move homes. Overall, Phoenix Mills’ diverse business segments delivered consistent growth, strengthening its long-term operating momentum.
With a market capitalization of Rs 61,302 crore, the company’s solid fundamentals and multiple growth drivers position it well for continued performance across retail, office, hospitality, and residential sectors. Investors are closely watching its expansion plans and healthy leasing pipeline, signaling potential for sustained shareholder value.