External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>The Phoenix Mills’ (PHNX) saw Sep’22 like-to-like (LTL) consumption across malls at Rs5.8bn or 115% of Sep’19 levels and mirrors the Jul’22 LTL consumption growth which was at 120% of Jul’19 levels and Aug’22 LTL consumption growth which was at 114% of Aug’19 levels.</li><li>In Q1FY23 (Apr-Jun’22), LTL consumption growth across malls stood at 111% of Apr-Jun’19 (Q1FY20) levels which translated into Q1FY23 retail LTL EBITDA of Rs2.9bn or 115% of Q1FY20 levels.</li><li>Similarly, in Q2FY23, LTL consumption growth stood at 118% of Q2FY20 levels.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The Phoenix Mills’ (PHNX) saw Sep’22 like-to-like (LTL) consumption across malls at Rs5.8bn or 115% of Sep’19 levels and mirrors the Jul’22 LTL consumption growth which was at 120% of Jul’19 levels and Aug’22 LTL consumption growth which was at 114% of Aug’19 levels.In Q1FY23 (Apr-Jun’22), LTL consumption growth across malls stood at 111% of Apr-Jun’19 (Q1FY20) levels which translated into Q1FY23 retail LTL EBITDA of Rs2.9bn or 115% of Q1FY20 levels.Similarly, in Q2FY23, LTL consumption growth stood at 118% of Q2FY20 levels.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The Phoenix Mills - Double Digit Consumption Growth Sustains in Sep’22