Phoenix Mills Q4 reports 27% growth in total consumption

(22 second reading) Retail mall developer Phoenix Mills Ltd reported 27 per cent yoy growth in total consumption at Rs 2,818 crore for Q4FY24. On a like-to-like basis, consumption in Q4 increased by 9 per cent in comparison to the same period last year. Moreover, gross retail collections stood at Rs 791 crore in Q4FY24, recording a growth of 37 per cent over Q4FY23.
For 2324, it reported retail consumption at Rs 11,327 crore, up by 22 per cent over FY23. On a like-to-like basis, consumption in FY24 went up by 8 per cent over FY23. Gross retail collections stood at Rs 2,743 crore in FY24, up 27 per cent on-year. Occupancy during Q4 went up to 70 % as against 63 % the previous year.