Phoenix Mills Q4 FY26 PAT jumps 50% YoY to ₹403 cr

Key Q4 FY26 headline numbers

The Phoenix Mills reported a 50% year-on-year rise in consolidated net profit to ₹403.35 crore in Q4 FY26, compared with ₹268.82 crore in Q4 FY25. Consolidated net sales for the quarter stood at ₹1,233.20 crore, registering YoY growth of 21.3%. Operating profitability also strengthened, with operating EBITDA reported at ₹750 crore in Q4 FY26 versus ₹560 crore a year ago. The EBITDA margin improved to 61% from 55% in the same period last year. The company also reported total consumption of ₹4,261 crore in Q4 FY26, up 31% YoY.

Profit, exceptional items, and pre-tax performance

For Q4 FY26, profit before exceptional items and tax was reported at ₹624.01 crore, compared with ₹420.44 crore in Q4 FY25. During the quarter, exceptional items were stated at ₹3.99 crore. In the results data provided, profit after tax (PAT) is presented with more than one set of figures for the quarter: one section cites PAT of ₹403.35 crore, while another section cites PAT of ₹485.71 crore for Q4 FY26 (against ₹346.50 crore in the corresponding quarter of the previous fiscal). Separately, the Q4 FY25 consolidated net profit figure is also shown as ₹268.8219 crore in a detailed financial results extract.

Full-year FY26 performance: two profit disclosures in the data

On a full-year basis, one set of numbers in the provided data states net profit jumped 24.3% to ₹1,223.82 crore, alongside a 16% surge in revenue to ₹4,422.80 crore in FY26 over FY25. Another section states net consolidated profit grew 19.60% in FY26, with profit after tax at ₹1,556.61 crore in FY26 versus ₹1,301.52 crore in FY25. In that same section, net consolidated total income is stated at ₹4,593.55 crore in FY26, up 15.87% from ₹3,964.47 crore in FY25. These figures are presented as reported in the source text and indicate that multiple profit and income lines are being referenced.

Quarterly income trend also points to growth

In the same Q4-focused disclosure, net consolidated total income for Q4 FY26 increased 21.94% to ₹1,294.36 crore from ₹1,061.48 crore in the similar quarter last year. Alongside that, PAT was listed at ₹485.71 crore in Q4 FY26 compared with ₹346.50 crore in the corresponding quarter of the previous fiscal. Separately, the company’s Q3 FY26 profit was reported at ₹275.79 crore, up 4.16% over ₹264.76 crore in Q3 FY25. Income from operations in Q3 FY26 was stated at ₹1,121.19 crore, up 14.97% YoY.

Consumption, hospitality, and residential updates

Beyond the P&L lines, the data highlights consumption as a key operating metric. Total consumption in Q4 FY26 stood at ₹4,261 crore, demonstrating YoY growth of 31% over Q4 FY25. On an annual basis, the company’s retail consumption was reported to have jumped 21% YoY to ₹16,578 crore. In hospitality, the St. Regis, Mumbai delivered revenue per available room (RevPAR) growth of 6% YoY in Q4 FY26, as stated in the provided text. The residential segment was also referenced, with residential sales reported to have more than doubled to around ₹471 crore in FY26 versus ₹212 crore in FY25.

What the margin expansion suggests

The reported EBITDA margin improvement to 61% in Q4 FY26 from 55% in Q4 FY25 indicates operating leverage alongside higher net sales for the period. With operating EBITDA reported to have risen 34% YoY to ₹750 crore, the quarter reflects stronger profitability compared to the same period last year. The data also links operating momentum to consumption growth, with Q4 FY26 consumption cited at ₹4,261 crore, up 31% YoY. While the text does not provide a detailed breakdown of drivers within the quarter, it consistently frames retail consumption and operating margin as core performance markers.

Market read-through and investor focus areas

A separate market update in the provided content notes that Phoenix Mills “ends higher” after retail consumption jumped 31% YoY in Q4, dated 08 Apr 2026, though no price move is specified. For investors, the key monitorables in the disclosed numbers include the pace of consumption growth, the sustainability of the 61% EBITDA margin reported for Q4 FY26, and how consistently the company translates consumption into revenue and profit across periods. Another focus area is the difference in profit and income figures presented across the disclosures, which can matter when comparing results across sources or formats. The company’s quarterly and annual disclosures in the text also underline ongoing contributions from hospitality and residential sales.

Snapshot table: reported metrics from the text

Conclusion

Phoenix Mills’ Q4 FY26 disclosures point to higher profit, stronger operating EBITDA, and improved margins alongside a sharp rise in consumption. The full-year numbers in the provided data also show double-digit growth in income and profit, though different profit and income figures are presented across the text. Going ahead, markets are likely to track how consumption trends and segment updates such as hospitality RevPAR and residential sales translate into reported revenue, margins, and profit in subsequent quarters.