Phoenix Mills stock approves INR 2.50 final dividend

Published on 09/29/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phoenix Mills stock traded at INR 1,934.55 on September 29, 2026, after shareholders approved an INR 2.50 final dividend. FY26 EBITDA rose 22.00 percent to INR 2,637 crore.

Phoenix Mills, INE671B01025, Illustration mit AI erstellt.

Phoenix Mills (ISIN INE671B01025) stock was trading at INR 1,934.55 on the BSE at 1:01 p.m. IST on September 29, 2026, down 0.57 percent from the previous close. The immediate corporate catalyst is the approval of an INR 2.50 final dividend at the company's annual meeting on September 28, 2026, as ScanX News reported.

Dividend approval follows FY26 growth

The approved payout relates to fiscal year 2026 and carries a face value of INR 2.00 per share. The September 28 AGM also approved the audited standalone and consolidated financial statements, according to ScanX News.

The dividend sits alongside a broader FY26 operating comparison. Consolidated revenue increased 16.00 percent year over year to INR 4,423 crore, while consolidated EBITDA rose 22.00 percent to INR 2,637 crore.

EBITDA growth outpaces revenue

The gap between revenue growth and EBITDA growth was 6.00 percentage points in FY26. That spread points to operating leverage in the existing portfolio, particularly because the company achieved the revenue increase without adding new mall capacity during the fiscal year.

Retail consumption reached INR 16,587 crore in FY26, up 21.00 percent from the prior year. Retail rental income increased 10.00 percent to INR 2,157 crore, while retail EBITDA rose 12.00 percent to INR 2,246 crore, according to ScanX News.

The office segment generated INR 213 crore of income with 70.00 percent occupancy as of March 2026. Hospitality operating income reached INR 596 crore, and hospitality EBITDA increased 14.00 percent to INR 276 crore.

Stock remains below its yearly high

At INR 1,934.55, Phoenix Mills stock stood INR 234.10 below its 52-week high of INR 2,168.65 and INR 469.25 above its 52-week low of INR 1,465.30. The BSE session range was INR 1,926.10 to INR 1,954.45, with volume of 9,425 shares at the quoted time.

Market capitalization was INR 684.8 billion on September 29, 2026. For investors, the central operating question is whether EBITDA can continue to grow faster than revenue while the company expands its retail and mixed-use portfolio.

Phoenix Mills stock trades at INR 1,934.55

Phoenix Mills stock was last at INR 1,934.55 on the BSE at 1:01 p.m. IST on September 29, 2026, with a daily change of minus 0.57 percent. The FY26 dividend approval and the 6.00 percentage point gap between EBITDA and revenue growth define the current company-specific picture.