Shishir Shrivastava, MD of Phoenix Mills said that the company will continue with its expansion plans.
Speaking in an interview to CNBC-TV18, he said, “We will be able to pay most of our debt obligations in Q3.”
On consumption, Shrivastava said, “Footfalls have reached 55 percent versus last year’s levels and consumption is around 104 percent compared to last year.”
According to him, footfalls are improving by 25-30 percent every month.
Phoenix Mills expects to close FY21 with revenues around 50 percent of last year’s levels.
For entire interview, watch video