Phoenix Mills Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PHOENIXLTD, BSE:503100 Phoenix Mills Ltd.

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Phoenix Mills Ltd.

24 Nov 2025

PHOENIX MILL

Buy: Phoenix Mills Ltd.

Recommendation Target

Geojit BNP Paribas

EBITDA increased 28.8% YoY to Rs. 667cr. EBITDA margin expanded 340bps YoY to 59.8%, driven by strong growth in revenue. Phoenix Mills delivered a strong performance in Q2FY26, driven by resilient retail consumption, improving occupancy across office assets and strong traction in *over or under performance to benchmark index residential sales. A strategic focus on experiential retail through concepts such as Gourmet Village, along with expansions into new geographies, is expected to further enhance footfalls and brand visibility. The office portfolio is witnessing robust...

Phoenix Mills Ltd. has an average target of 2023.00 from 3 brokers.

Phoenix Mills Ltd.

03 Nov 2025

The Phoenix Mills

Buy: Phoenix Mills Ltd.

ICICI Direct

About the stock: Phoenix Mills (PML) is a leading retail mall developer and operator in India. It is into retail-led, mixed-use properties. PML has an operational retail area of ~11.5 msf, spread across 12...

Phoenix Mills Ltd. has an average target of 2023.00 from 3 brokers.

Phoenix Mills Ltd.

31 Oct 2025

Strong consumption growth and leasing; buoyant residential sales

Buy: Phoenix Mills Ltd.

Target

Motilal Oswal

PHNX reported revenue of INR11.2b, +22% YoY/+17% QoQ (in line with estimates), while EBITDA came in at INR6.7b, up 29% YoY/18% QoQ (6% above estimate).

Phoenix Mills Ltd. has an average target of 2023.00 from 3 brokers.

Phoenix Mills Ltd.

01 Sep 2025

Commissioning of new malls to drive growth beyond FY27

Buy: Phoenix Mills Ltd.

Recommendation Target

Motilal Oswal

During FY15-25, PHNX’s retail portfolio witnessed an 11% CAGR in consumption, supported by ~7% like-for-like growth in the existing malls and the opening of new malls in Lucknow, Indore, Ahmedabad, Pune, and Bengaluru.

Phoenix Mills Ltd. has an average target of 2023.00 from 3 brokers.

Phoenix Mills Ltd.

25 Jul 2025

ISMDPL stake buyout to unlock value across key assets

Neutral: Phoenix Mills Ltd.

Target

Motilal Oswal

Phoenix Mills (PHNX) reported 1QFY26 revenue of INR9.5b, up 5% YoY/down 6% QoQ (15% below estimate), while EBITDA came in at INR5.6b, up 6% YoY/1% QoQ (19% below estimate).

Phoenix Mills Ltd. has an average target of 2023.00 from 3 brokers.

Phoenix Mills Ltd.

16 May 2025

PHOENIX MILL

Hold: Phoenix Mills Ltd.

Recommendation Target

Geojit BNP Paribas

Phoenix Mills displayed negative growth in Q4FY25, but its core segments continued to perform well. The company has an ambitious expansion and densification strategy, supported by strong cash flows and a disciplined balance sheet. A strong pipeline of upcoming retail and mixed-use developments across key urban centres is expected to drive robust growth, providing clear visibility on future revenue. This reinforces Phoenix Mills' position as a leading player poised to benefit...

Phoenix Mills Ltd. has an average target of 2023.00 from 3 brokers.

Phoenix Mills Ltd.

01 May 2025

Earnings lag; retail portfolio resilient

Neutral: Phoenix Mills Ltd.

Target

Motilal Oswal

The company reported revenue of INR10.2b, -22%/+4% YoY/QoQ (16% below estimate), while EBITDA came in at INR5.6b, -11%/+1% YoY/QoQ (27% below estimate).

Phoenix Mills Ltd. has an average target of 2023.00 from 3 brokers.

Phoenix Mills Ltd.

27 Nov 2024

PHOENIX MILL

Sell: Phoenix Mills Ltd.

Geojit BNP Paribas

Phoenix Mills Ltd. has an average target of 2023.00 from 3 brokers.

Phoenix Mills Ltd.

28 Oct 2024

Ramp-up of new assets drives growth in portfolio

Neutral: Phoenix Mills Ltd.

Motilal Oswal

Phoenix Mills (PHNX) posted 2QFY25 revenue of INR9.2b, up 5% YoY (in line). EBITDA stood at INR5.2b, up 2% YoY (6% below est.) as margin contracted143bp YoY.