PVR Inox Q1 Results: Cons loss narrows to Rs 54 crore, revenue jumps 23% YoY
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Multiplex chain PVR Inox on Wednesday reported consolidated net loss attributable to the owners of the company of Rs 54 crore for Q1 FY26, compared to a loss of Rs 178.70 crore in the year-ago period, aided by a strong recovery in box office collections, record food and beverage spends, and the highest first-quarter advertising income since the pandemic.PVR Inox posted a 23.4% year-over-year (YoY) rise in its consolidated revenue from operations to Rs 1,469.1 crore for the June 2025 quarter, as compared to a revenue of Rs 1,190.7 crore in the year-ago quarter.The June 2025 quarter was bolstered by a slate of back-to-back commercial successes, PVR Inox said. 'Back-to-back hits and a steady Hindi release slate has built strong momentum for Bollywood in Q1,' the company said, adding that there was 'healthy performance driven by five Rs 100 crore plus films and less reliance on big ticket blockbusters.'PVR Inox reported a 38% YoY surge in its Bollywood box office collections, led by titles like Raid 2, Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, and Jaat — each crossing Rs 100 crore in collections, with three surpassing Rs 200 crore. 'FY'26 has started on a high note, with Hindi and Hollywood films leading the charge,' the company said.Hollywood also delivered strong results, with a 72% YoY jump in collections, driven by Mission Impossible, Final Destination Bloodlines, Ballerina, and F1. Premium formats such as IMAX and 4DX contributed significantly, with a 20% YoY increase in admissions.Patron footfall for the quarter stood at 34 million, up 12% YoY. Average Ticket Price (ATP) rose 8% to Rs 254, while Food and Beverage (F&B) spend per head reached a record Rs 148, up 10% YoY. Advertising revenue touched Rs 109.60 crore, the highest first-quarter ad income since the pandemic, marking a 17% rise from the year-ago period.As of June 30, 2025, PVR Inox operated 353 cinemas with 1,745 screens across 111 cities. The company also announced plans to open 90–100 new screens during FY26.Net debt stood at Rs 891.5 crore at the end of the quarter, down 38% since the completion of the PVR-INOX merger.Looking ahead, the company said July began the second quarter on a strong footing, delivering the highest monthly admissions in the past 18 months.'The remainder of FY'26 is expected to benefit from a well-paced release calendar across languages,' the company said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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