Axis Direct's research report on Phoenix Mills
The management highlighted strong consumption growth at Phoenix Market City malls in Pune (19%), Bangalore (18%) and Kurla (24%), which is expected to continue into FY18.
Outlook
Rental growth was steady at 11% YoY led by consumption growth of 8% YoY in Q4. The management highlighted strong consumption growth at Phoenix Market City malls in Pune (19%), Bangalore (18%) and Kurla (24%), which is expected to continue into FY18.
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