Latest news with #Inox
Time of India
3 days ago
- Business
- Time of India
India's PVR Inox loss more than halves as 'F1', other hits draw moviegoers
India's PVR Inox reported a sharply narrower quarterly loss on Wednesday as a strong box office slate, including Hollywood hit ' F1: The Movie ', drew more audiences to theatres and boosted ticket and food sales. India's largest multiplex operator, formed through the merger of PVR and Inox, reported a consolidated loss of 540 million rupees ($6.2 million) in the April-June quarter, compared with a loss of 1.79 billion rupees a year earlier. Analysts, on an average, had expected a loss of 659.1 million rupees. Footfalls in cinema halls have been pressured by weak urban consumption , an uneven slate of film releases and growing competition from streaming platforms . To bring audiences back, PVR has been offering discounted weekday tickets and relaunching older movie hits. These measures, along with the strong box office performance of Bollywood and Hollywood films such as 'Sitaare Zameen Par' and 'Mission: Impossible - The Final Reckoning' helped lift quarterly footfalls by 12% on-year. Average ticket prices rose 8% to 254 rupees, while per head spending on food and beverages increased 10% to a record 148 rupees. Executive Director Sanjeev Bijli told Reuters he expects spending in these segments to grow at a similar pace in the coming quarters. "I do see a visibility of great films all the way down to December, the end of third-quarter, and that's what's going to drive consumption for admissions, ticket prices, advertisement revenues and also F&B spends," Bijli said. He added that the company's new cinema halls will experiment with gaming centers, co-working spaces and cafeterias inside the premises to "enhance the stickiness of the consumer". Revenue from operations rose 23% to 14.69 billion rupees for the quarter, topping analysts' estimate of 14.24 billion rupees. The results come amid growing signs of recovery in urban consumption. Consumer goods firms such as Hindustan Unilever and Britannia are signalling improving urban demand after several quarters of sluggish growth.
Business Recorder
4 days ago
- Business
- Business Recorder
India's PVR Inox loss more than halves as ‘F1', other hits draw moviegoers
India's PVR Inox reported a sharply narrower quarterly loss on Wednesday as a strong box office slate, including Hollywood hit 'F1: The Movie', drew more audiences to theatres and boosted ticket and food sales. India's largest multiplex operator, formed through the merger of PVR and Inox, reported a consolidated loss of 540 million rupees ($6.2 million) in the April-June quarter, compared with a loss of 1.79 billion rupees a year earlier. Analysts, on an average, had expected a loss of 659.1 million rupees. Footfalls in cinema halls have been pressured by weak urban consumption, an uneven slate of film releases and growing competition from streaming platforms. To bring audiences back, PVR has been offering discounted weekday tickets and relaunching older movie hits. These measures, along with the strong box office performance of Bollywood and Hollywood films such as 'Sitaare Zameen Par' and 'Mission: Impossible - The Final Reckoning' helped lift quarterly footfalls by 12% on-year. Average ticket prices rose 8% to 254 rupees, while per head spending on food and beverages increased 10% to a record 148 rupees. Executive Director Sanjeev Bijli told Reuters he expects spending in these segments to grow at a similar pace in the coming quarters. 'I do see a visibility of great films all the way down to December, the end of third-quarter, and that's what's going to drive consumption for admissions, ticket prices, advertisement revenues and also F&B spends,' Bijli said. He added that the company's new cinema halls will experiment with gaming centers, co-working spaces and cafeterias inside the premises to 'enhance the stickiness of the consumer'. Revenue from operations rose 23% to 14.69 billion rupees for the quarter, topping analysts' estimate of 14.24 billion rupees. The results come amid growing signs of recovery in urban consumption. Consumer goods firms such as Hindustan Unilever and Britannia are signalling improving urban demand after several quarters of sluggish growth.
Economic Times
4 days ago
- Business
- Economic Times
PVR Inox Q1 Results: Cons loss narrows to Rs 54 crore, revenue jumps 23% YoY
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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 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 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 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 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 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 debt stood at Rs 891.5 crore at the end of the quarter, down 38% since the completion of the PVR-INOX 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)
Mint
15-07-2025
- Business
- Mint
From Leh to Kota, multiplexes roll into smalltown and southern India
Several multiplex cinema operators are surging ahead with a two-pronged expansion strategy undeterred by recent unpredictable box office performance. Big multiplexes such asPVR Inox and Cinepolis as well as smaller companies such as Miraj Entertainment Ltd, Mukta A2 Cinemas, and MovieMax Cinemas have set their eyes on tier 2 and 3 markets such as Patna, Shillong, Jaipur, Kota, and Leh-Ladakh to build low-cost cinemas with local developers. The second part of the strategy involves focusing on markets in South India, including cities like Hyderabad, Bengaluru, Huballi, Kochi, and Cuddalore that boast a robust theatre-going culture, according to industry experts. These expansion plans come amid a lacklustre first half of the year for the Hindi film industry, the country's biggest, which is pinning hopes on a stronger second half with a wave of sequels and stories rooted in mythology and folk traditions, as Mint reported on . However, real estate experts said the overall cinema industry's expansion remains fairly conservative, with smaller properties and fewer screens planned as alternative entertainment options such as OTT (video-streaming platforms) have become increasingly popular, especially post covid. 'The South is a strategic focus area for us," said Kunal Sawhney, chief operating officer, MovieMax Cinemas. 'The region's rich cinema culture, coupled with the popularity of films across multiple languages, allows for greater programming flexibility and wider appeal. This, in turn, leads to better (seat) occupancies." MovieMax is targeting several towns across Andhra Pradesh, Telangana, Tamil Nadu, Kerala and Karnataka as part of its expansion, which includes expanding to tier 2 and 3 cities, particularly those with populations of 500,000 and above, Sawhney added. 'In these markets, average ticket price will be lower than metros, in alignment with local affordability. (But) we typically partner with strong regional developers who have a deep understanding of local market potential and are committed to delivering a high-quality mall experience tailored to the needs of the community," Sawhney said. Pricing caps, regulations, and other challenges Rahul Puri, managing director, Mukta Arts and Mukta A2 Cinemas, agreed these smaller markets hold strong potential, as ticket prices in these regions are designed to reflect local dynamics, making cinema-going more accessible to wider audiences. Mukta too is collaborating with regional developers to develop multiplexes in smaller cities. Referring to tier 2 and 3 markets as commercially promising yet under-screened, Bhuvanesh Mendiratta, managing director, Miraj Entertainment, said ticket prices in smaller cities are calibrated to local affordability, averaging ₹180-200, significantly lower than in metro cities. 'We partner with local developers, including mall owners and standalone theatre operators, often converting single screens into three to four screen multiplexes," said Mendiratta, whose company is venturing into cities such as Sitapur, Alwar, Ittawa, and Sambalpur. Miraj Entertainment plans to add 40-50 screens in 2025-26, of which 25-30% will be in South India, including cities such as Chennai, Kozhikode, Visakhapatnam, Kurnool, and Tumkur. To be sure, southern markets pose certain unique challenges for multiplexes, according to some experts. Anuj Kejriwal, CEO and managing director, ANAROCK Retail, a property consultancy, said cinemas in South India faced strict state-imposed caps on ticket prices, a less well-developed mall culture in some cities, as well as the prevalence of single-screen theatres. Complex regulations and competition from OTT platforms can reduce overall profitability for cinemas and prevent faster adoption of luxury formats in the southern markets, industry experts said. In several small cities in South India, multiplexes will need to modify their business models according to the local market dynamics and requirements to ensure sustainable growth, they added. That said, some of these hurdles and evolving dynamics aren't specific to South India. 'Competition from OTT and general lack of new content in cinemas has meant that companies are now quick to give up on properties that aren't doing well," said Abhishek Sharma, director, retail, at realty consultancy Knight Frank. 'Further, from the 10-plus screens planned earlier, theatre chains aren't looking at more than eight screens as the best possible scenario now."
India.com
11-07-2025
- Entertainment
- India.com
Maalik Box Office Collection Day 1: Rajkummar Rao's gangster drama opens with decent numbers, earned Rs...
Rajkummar Rao's new film 'Maalik' has been released in theaters on 11 July 2025. It is an action thriller film in which Rajkummar Rao is seen in the role of a gangster. The film is directed by Pulkit and produced by Kumar Taurani and Jai Shewakramani. Along with Rajkummar, actors like Manushi Chhillar, Prosenjit Chatterjee, Saurabh Sachdeva and Saurabh Shukla are also in important roles in the film. The film is set against the backdrop of 1980 in Allahabad, which shows the story of Deepak, a farmer's son, who makes his place in the underworld by becoming an unstoppable force. How Much Has Maalik Earned On Its First Day? The film has made a decent start at the box office on the first day. According to initial estimates by Sacnilk, 'Maalik' earned around Rs 2.75 to 3.25 crores on the first day. Although these are estimated figures. But this earning is much less than the first day collection of Rajkummar's previous film 'Bhool Chuk Maaf', which was Rs 7.2 crores. Booking for the film was not very encouraging, as only 6,500 tickets were sold in major cinema chains like PVR, Inox and Cinepolis. Still, the film may get an audience through spot booking at some places. What Was The Reaction Of Audience To Maalik? The film is getting mixed responses from the audience and critics. Rajkumar Rao's acting is being praised a lot, but some people are calling the story average. The budget of the film is said to be around Rs 54 crore, and it will have to earn Rs 60-70 crore to be a hit. Now it remains to be seen how far the audience's interest and word-of-mouth take 'Maalik' ahead on the weekend. More About Maalik Under the leadership of Pulkit and Jyotsana Nath, the direction and writing section feels uninspired and boring; therefore, this gangster film falls short of raising any kind of commendable, whistle-worthy events for Rajkummar Rao's fan army, due to which his experiment has not completely resonated with the audience's minds and hearts. The film also features Anshumaan Pushkar, Swanand Kirkire, Rajendra Gupta and Baljinder Kaur in crucial roles and the music part has been helmed by renowned composers Sachin Saraiya and Jigar Saraiya.
