The Phoenix Mills Limited CC-Nov25.pdf · 2025-10-31
Hi. Thanks so much for taking my call. Hi Varun. Hey Shishir. I have just one quick question. The net debt to EBITDA of one time, that is absolutely commendable, it is very good. I just wanted to see if you have a number in mind, which is your peak net debt to EBITDA that you can go to. That will also tell us in terms of what kind of growth you can go for apart from buying a piece of land that you have for the next five years; what else could you do to improve or increase the gearing to drive growth? I am just trying to see the peak number that you can go to.
That is very clear. Thank you. And if I could add one more question. In terms of land banking, in terms of acquiring great locations, are you done because you clearly have a very good roadmap? Or you are still looking for tier two cities and still scaping through buying land?