Phoenix Mills Posts Audited FY26 Results, Recommends ₹2.50 Dividend

The Phoenix Mills Limited has announced its audited financial results for the fiscal year ended March 31, 2026. The Board of Directors recommended a final dividend of ₹2.50 per equity share, pending shareholder approval. D T S & Associates LLP issued an unmodified audit report, and N. A. Shah Associates LLP has been re-appointed as Internal Auditors for FY27.

These audited annual results provide shareholders with a clear view of the company's FY26 financial performance. The recommended dividend offers a direct return, pending shareholder approval.

Phoenix Mills Ltd. is India's leading owner, operator, and developer of retail-led mixed-use destinations. Founded in 1905, it has transformed from textile roots into a major real estate player, pioneering destination malls in India under brands like Phoenix MarketCity and Palladium. As of March 2026, it managed significant operational retail space and was expanding its mall and office portfolios.

A significant point within the consolidated results is the recognition of a subsidiary not prepared on a going concern basis. For this subsidiary, assets and liabilities were recognized at realizable or expected settlement values.

Shareholders will now review the audited FY26 financial figures. The recommended ₹2.50 final dividend will be proposed for approval at the upcoming meeting. Key areas to track include future updates on the subsidiary’s financial performance and management’s outlook for the retail and real estate sectors in FY27.