The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Puneet Gulati - HSBC - Analyst
: My first question is if you can talk a bit about the non-retail part of the business. There seems to be a bit of slowness in commercial leasing on the
residential sales, especially given the environment. Can you talk about what you're doing to accelerate those sales and leasing?
Question: Puneet Gulati - HSBC - Analyst
: Understood. That's helpful. And from the numbers, at least assume it looked like the net sales were actually negative. So are we worried on the
cancellation, or those are some routine ones?
Question: Puneet Gulati - HSBC - Analyst
: Okay. Got it. And second part is on the retail side, right? I mean, I guess, 1.5 years back, you had said that retail consumption should, on a same-store
basis, grow between high single digit to low double digits. When are we likely to see that? And what needs to be done for your existing pre-2020
portfolio? Any lease-ups acquired there?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JANUARY 31, 2025 / 5:30AM, PHOE.NS - Q3 2025 Phoenix Mills Ltd Earnings Call
Question: Puneet Gulati - HSBC - Analyst
: Understood. That's helpful. And thirdly, anything more in terms of pipeline for new business development? And when should we expect start of
work in Thane, Coimbatore, and Kolkata residential launch? Lastly from my side.
Question: Puneet Gulati - HSBC - Analyst
: When do you start building this Thane mall?
Question: Puneet Gulati - HSBC - Analyst
: When do you start work on Thane mall?
Question: Puneet Gulati - HSBC - Analyst
: Yes.
Question: Biplab Debbarma - Antique Stockbroking Ltd. - Analyst
: First question is on the -- I calculate normally the rental income divided by the consumption of your mall portfolio. Typically, it is 14% to 15%, but
this quarter, it was around 12.7%. Just trying to understand, should we read anything into this? Or does it indicate that we'll see rental income
growth for the ratio to reach to 15%?
Question: Biplab Debbarma - Antique Stockbroking Ltd. - Analyst
: Sir, second question is on the new Palladium area, the expansion area. So has it been fully leased? And by when should we expect the numbers
from this new Palladium area?
Question: Biplab Debbarma - Antique Stockbroking Ltd. - Analyst
: And my final question is on the -- we have been reading slowdown in urban consumption everywhere. There is some kind of negativity. How do
you, sir, you see consumption in the next, say, one year, can you give us your thought on that?
| 
