Phoenix Mills
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Background
From 7 stories, the newest dated 11 Oct 2026. Summary written 11 Oct 2026.
Phoenix Mills is an Indian mall operator, and Palladium and Phoenix Marketcity are among the brands tied to it. [1] source: ET Retail
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Bellona Hospitality is its F&B arm. [2] source: ET Small Business It has around 11.5 million sq ft of retail space and plans to expand beyond 18 million sq ft by 2030, adding projects across Indian cities. [1] source: ET Retail
For the June quarter, reported in July 2026, consolidated net profit rose 23.2% year-on-year to Rs 297 crore. Revenue increased 12.8% year-on-year to Rs 1,075 crore from Rs 953 crore. [3] source: NDTV Profit EBITDA rose 13.5% year-on-year to Rs 641 crore. [3] source: NDTV Profit ET Retail reported Q1 FY27 mall consumption of over Rs 4,700 crore, with growth above 30%. [1] source: ET Retail Shares fell as much as 5% to Rs 1,934.3 amid delays to its Bengaluru expansion and Surat projects. [3] source: NDTV Profit In September 2026, Palm Angels said it plans a Bengaluru flagship in December with Phoenix Mills. [4] source: IMAGES Business of Fashion In October 2026, Bellona Hospitality said it targets 100 restaurants by FY30, up from 32, with Rs 100 crore of capex planned. [2] source: ET Small Business HSBC said Phoenix Mills plans two new malls by FY28 and three additional malls by FY30. [5] source: Financial Express
Phoenix Malls CEO Rashmi Sen has been with Phoenix for 16 years. [6] source: ET Retail Lulu, K Raheja and Brigade are also pushing into smaller cities. [7] source: Business Standard
Sources
Questions about Phoenix Mills
What are Phoenix Mills' expansion plans?
In August 2026, Phoenix Mills said it plans to grow retail space from around 11.5 million sq ft to over 18 million sq ft by 2030. Cities named include Bengaluru, Kolkata, Mumbai, Surat, Chandigarh and Thane. [1] source: ET Retail
How fast is Phoenix Mills growing in India?
Phoenix Mills reported June-quarter revenue up 12.8% year-on-year to Rs 1,075 crore from Rs 953 crore, with consolidated net profit up 23.2% to Rs 297 crore, in July 2026. [3] source: NDTV Profit
What is Phoenix Mills' current strategy in India?
In August 2026, Phoenix Mills said it plans to expand retail space beyond 18 million sq ft by 2030 and nearly double Palladium Mumbai's store base to close to 600 stores. [1] source: ET Retail In October 2026, its F&B arm Bellona Hospitality set a target of 100 restaurants by FY30. [2] source: ET Small Business
Stories that mention Phoenix Mills
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Phoenix Mills is named in these stories but is not their subject.