Phoenix Mills’ shares surge nearly 3% in morning trade after company report Q2 total consumption standing at ₹2637 Crore and YoY growth of 20%
In a recent business update, The Phoenix Mills disclosed robust performance metrics for H1 FY24, with total consumption reaching an impressive Rs 5,211 crore, marking a substantial 19 percent YoY surge. On a like-to-like basis, H1 FY24 witnessed a commendable 10 percent growth over the previous year. Notably, retail collections for the same period soared to Rs 1,252 crore, showcasing a remarkable 20 percent increase over H1 FY23.
Zooming in on Q2FY24, the company continued its stellar performance. Total consumption for the quarter stood at an impressive Rs 2,637 crore, representing a solid 20 percent YoY growth. Additionally, retail collections in Q2 FY24 reached Rs 638 crore, registering an impressive 23 percent growth compared to the previous year. These figures underscore The Phoenix Mills’ steadfast upward trajectory and robust financial standing.
At 11:00 AM the shares of the company were trading 2.85% up or at ₹1851.75
