Motilal Oswal: Phoenix Mills Q2 Review-Retail Consumption Picking Up; Positive Outlook 
Shoppers ride the escalators inside a shopping mall in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)

Motilal Oswal: Phoenix Mills Q2 Review-Retail Consumption Picking Up; Positive Outlook 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The retail segment is seeing strong recovery post the resumption of operations at malls, while the office segment remains steady.

However, the hospitality segment is unlikely to achieve normalcy in the short term.

The company remains one of the best proxy plays on India’s consumption story in the medium-to-long term.

The company’s revenues declined 48% YoY (up 60% QoQ) to Rs 2,149 million (estimate Rs 2,342 million).

Ebitda was down 57% YoY (up 30% QoQ) to Rs 917 million (estimate Rs 1,163 million).

Click on the attachment to read the full report:

Motilal Oswal Phoenix Mills Q2FY21 Result Upadate.pdf

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