The Phoenix Mills Limited CC-Mar24.pdf · 2024-05-18
Just a quick question for me. Can you talk about the competition in tier one existing cities where you already have malls in terms of are you finding considering how good this business has been, credible competition coming in. And the second question is on tier two cities, the return on invested capital, how are you thinking about it as you are going into newer cities . So far you have obviously achieved that. But are you finding that you may not be, or you need to slow down if the returns are coming slower. How are you thinking about it is the question. Thank you.
Thank you. That totally makes sense , I did go to your Ahmedabad mall, it’s actually fantastic. I have one more question if it ’s okay. I was looking at your slide number #12 and you have category wise growth in your consumption. So, you look at electronics showing minus 1% or others showing 3% , food and beverage slightly lower. How are you thinking about it of course, you can’t have a mall which has zero percentage of these categories. But how do you ensure that you keep pruning it and improving that trade mix? Thank you.