Nexus Select Trust Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 Aug 2026 | Realty | Market Cap: ₹25.3K Cr
Like-for-like consumption growth showed sequential improvement, with 4.6% growth this quarter and 11% year-on-year including acquisitions, indicating positive momentum. Nexus Select Trust expects continued strong NOI (Net Operating Income) growth, targeting 15% NOI growth for the full fiscal year 2026.
From Nexus Select Trust's Q1 FY26 earnings-call transcript · updated 26 Aug 2026.
Price
₹168
Market Cap
₹25.3K Cr
P/E Ratio
57.4
How does Nexus Select Trust rank in Realty?
Compare Nexus Select Trust against every Realty company this quarter on revenue, margins and earnings-call signals.
Nexus Select Trust — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹652 Cr, net profit ₹12 Cr.
Full financials →📊 Revenue & Sales Performance
- →Like-for-like consumption growth showed sequential improvement, with 4.6% growth this quarter and 11% year-on-year including acquisitions, indicating positive momentum.
- →Management expects consumption growth to improve further in coming quarters, supported by a good monsoon and income tax relief measures boosting disposable income.
- →Strong recovery observed in categories such as Jewellery, Watches, Beauty & Personal Care, and Family Entertainment; Jewellery category sales are expected to double over the year.
- →Leasing occupancy is high (97.2%) with healthy rental spread growth of over 20% anticipated on renewals, supporting rental revenue growth.
- →New malls show strong NOI and tenant sales growth, with a 12% overall NOI year-on-year increase and continued integration expected to drive further growth.
- →Greenfield developments and acquisitions pipeline are robust, supporting medium-term portfolio and revenue expansion goals.
📈 Profitability & Margins
- →Nexus Select Trust expects continued strong NOI (Net Operating Income) growth, targeting 15% NOI growth for the full fiscal year 2026.
- →Q1 FY26 NOI grew 12% year-on-year, with 6% like-for-like growth, signaling robust operational performance.
- →DPU (Distribution per Unit) growth was 4% in Q1, expected to improve as newly acquired malls mature and integrate.
- →Consumption growth trends are positive, with an 11% year-on-year consumption increase (5% like-for-like), expected to strengthen further in coming quarters.
- →Repo rate reductions are driving cost of debt down, with benefits to accrue more fully in upcoming quarters, supporting margin expansion.
- →The acquisition pipeline and Greenfield development projects, including strategic expansions into underserved markets, are expected to contribute to portfolio and earnings growth over time.
- →Management maintains full-year guidance confidently, supported by sequential consumption improvements and operational efficiencies.
🏗️ Capital Expenditure Plans
- →Nexus Select Trust is actively pursuing Greenfield developments through a partnership model with reputed developers who handle land acquisition and construction, while Nexus manages leasing, operations, and marketing.
- →The Trust has multiple conversations ongoing related to Greenfield development, targeting markets with strong consumption and underserved by existing Grade-A malls, including cities beyond their current presence.
- →There is a strong pipeline of strategic transactions including asset acquisitions and Greenfield projects, with around 10+ assets in the pipeline across various Indian states.
- →The strategy focuses on both organic growth (e.g., leasing, tenant mix) and inorganic growth (acquisitions and Greenfield developments).
- →No specific new capex amounts disclosed, but emphasis on continuous upgrades, tenant additions (e.g., launching new international brands), and targeted marketing campaigns to improve asset value.
💰 Fundraising & Capital Structure
- →Nexus Select Trust has a strong acquisition pipeline with around 10+ assets under consideration, including greenfield developments.
- →They have about USD 1 billion of debt headroom available before reaching their 49% leverage cap.
- →The company does not intend to reach the 49% leverage level despite having unitholder approval up to 49% loan-to-value (LTV).
- →Recent refinancing included INR 3,500 million at a competitive rate of 6.67%, with an average cost of debt reduced to 7.5%.
- →Greenfield development strategy involves partnerships with reputable developers, committing to future purchase but no immediate large equity fundraising mentioned.
- →Overall, future fundraises are likely to be driven by acquisitions and Greenfield projects with a strategic focus on maintaining a balanced and prudent leverage position.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Nexus Select Trust Q1 FY26 results?
Like-for-like consumption growth showed sequential improvement, with 4.6% growth this quarter and 11% year-on-year including acquisitions, indicating positive momentum. Nexus Select Trust expects continued strong NOI (Net Operating Income) growth, targeting 15% NOI growth for the full fiscal year 2026.
What is Nexus Select Trust share price analysis?
Nexus Select Trust currently shows a neutral. The stock trades at a P/E of 57.4 with a market cap of ₹25,276 Cr. Investors should review the full earnings analysis for detailed insights.
Is Nexus Select Trust planning capital expenditure?
Nexus Select Trust is actively pursuing Greenfield developments through a partnership model with reputed developers who handle land acquisition and construction, while Nexus manages leasing, operations, and marketing.
Keep Nexus Select Trust on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.