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

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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.

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