PVR INOX Adds 127 Screens with Capital-Light Model, Anticipates Continued Growth.

PVR INOX, India's largest multiplex chain, has reported a significant narrowing of its consolidated net loss for the June quarter, thanks to a robust performance by Hindi and Hollywood films at the box office. The company's net loss shrank to ₹54 crore, a substantial improvement from the ₹179 crore loss recorded in the same quarter last year.

Consolidated revenue from operations saw a healthy jump of 23.3%, reaching ₹1,469.1 crore. The quarter was a strong one for the film industry, with ten films crossing the ₹100 crore mark and three blockbuster titles surpassing ₹200 crore in box office collections.

Ajay Bijli, Managing Director of PVR INOX, emphasized that the success of a diverse range of films points to a more stable and healthy theatrical environment. In an interview with businessline, he stated, "I have always believed that Indian consumers are keen to watch movies on the big screen... The cinemas is a form of out-of-home entertainment business, which is here to stay and which will always co-exist with other entertainment formats."

Bijli also highlighted that the consistent performance of films across different genres and languages "dispels the myth that consumers will only come to see the big budget movies." He noted that the company's success is now less dependent on a few mega-blockbusters and more on a sustained pipeline of mid-to-high performing titles.