Phoenix Mills Management Meet Takeaways - Sustained Upmove In Consumption: Nirmal Bang
Men ride an escalator at the shopping mall in Amritsar. (Photographer Brent Lewin/Bloomberg)

Phoenix Mills Management Meet Takeaways - Sustained Upmove In Consumption: Nirmal Bang

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.

Nirmal Bang Report

We recently spoke with the management of Phoenix Mills Ltd. regarding the current outlook for the retail sector as a whole and the trends within the company’s malls.

The key takeaways of the discussion are as follows -

1. Recovery in consumption is very segment specific, with certain segments having witnessed growth in consumption level on YoY basis.

2. Multiplex and family entertainment segments are still struggling because of weak content and reluctance on the part of people to visit multiplexes.

3. Collections are witnessing an upward trend; collections for January 2021 and February 2021 have been higher than that in Q3 FY21.

4. Comfortable debt position. Future capex to be funded with 60% equity.

Click on the attachment to read the full report:

Nirmal Bang Phoenix Mills-Management Meet Update-22 March 2021.pdf

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