• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Mall Operators In India To Clock 12 Pc Revenue Growth In 2024-25: Crisil

OMMCOM NEWS by OMMCOM NEWS
November 19, 2024
in Business

New Delhi: Mall operators are projected to clock a healthy revenue growth of 10-12 per cent during the current financial year (FY25), building on last fiscal year’s 15 per cent spurt, according to a Crisil report released on Tuesday.

The growth will ride on contractual rental escalations, improvement in overall occupancy due to ramp-up of the malls launched in the last two fiscals, the full-year impact of malls launched during last fiscal, and an increase in share of tenant revenues supported by consumption growth, among other factors, the report stated.

According to an analysis of 32 ‘Grade A’ malls rated by Crisil Ratings, steady rental income and comfortable balance sheets will keep credit profiles stable.

For the current fiscal, mall operators will prioritise maximising occupancy in malls commissioned over the past two years as ongoing under-construction projects are at a nascent stage, the report points out.

“Overall occupancy for malls is expected to increase to 92-93 per cent this fiscal from 89 per cent last fiscal. This will be driven by a surge in occupancy for malls that were launched in the last two fiscals, while occupancy for established malls will remain stable at around 95 per cent, with timely renewals,” said Crisil Ratings director, Gautam Shahi.

This, along with full-year impact of the newly launched malls, steady rental escalations of 4-5 per cent and moderate retail consumption growth, will drive revenue growth for mall operators to 10-12 per cent this fiscal, he added.

Retail consumption growth of these malls is estimated to have moderated to 3-5 per cent in the first half of this fiscal, from 12.5 per cent in the corresponding period last fiscal, due to a high base effect and heat wave.

Notably, tier 1 cities have seen higher moderation than tier 2 cities. Consumption is likely to pick up in the second half of this fiscal, with an above normal monsoon and the festive and wedding season partly offsetting the lower growth in the first half, said the report.

The impact on the mall operators will be limited as revenue sharing accounts for only 10-15 per cent of total revenue.

Meanwhile, mall operators have maintained their operating efficiency, with EBITDA margin holding firm around 70 per cent over the past few years and expected to sustain at a similar level this fiscal, the report observed.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Youth Swept Away By Currents While Taking Bath In Puri Sea, Search Operation Underway

Next Post

Her Memories Are My Strength, Always Show Me The Way: Rahul Gandhi’s Tribute To Indira Gandhi

Related Posts

Business

Sensex Surges Over 1,000 Points As Investors Cheer Easing Of Tensions In Middle East

June 24, 2025
GDP
Business

India Projected To See GDP Growth Of 6.5 Pc In FY26: S&P Global Ratings

June 24, 2025
Indian stock markets
Business

Indian Stock Market Opens Higher As Geopolitical Tensions Ease

June 24, 2025
Business

India’s Exports Of Pharmaceuticals, Textiles, Jewellery To US Likely To Go Up After Bilateral Trade Pact

June 23, 2025
Business

Air India Express Flight From Delhi To Jammu Returns Midway, Airline Cites Technical Issue

June 23, 2025
Indian stock markets
Business

Sensex Ends Lower In Volatile Session As Mideast Tensions Flare Up

June 23, 2025
Next Post

Her Memories Are My Strength, Always Show Me The Way: Rahul Gandhi's Tribute To Indira Gandhi

Disproportionate Asset Case: Odisha Vigilance Arrests Kamakhyanagar Sub-Collector

Baikuntha Dham Ashram

Baikuntha Dham Ashram Raided Over Government Land Encroachment Allegations

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.