328
/ 3
Min Read
PVR INOX returned to profitability in the first quarter of FY27, posting a consolidated net profit of ₹56.5 crore for the quarter ended June 2026, compared with a net loss of ₹47.3 crore in the corresponding period last year.
The cinema exhibition chain reported revenue from operations of ₹1,622.2 crore during the quarter, up from ₹1,449.6 crore in the year-ago period. Total expenses for the quarter stood at ₹1,572.7 crore.
"Q1 FY27 marked a strong start to the year. India's total box office collections grew 20% year-on-year this quarter, with broad-based growth — across metros as well as Tier II and Tier III markets, across a wider set of successful mid-scale films, and across languages," said PVR Inox in its earning statement.
PVR INOX witnessed healthy growth in key operating metrics during the June quarter, with admissions rising 8% year-on-year to 36.6 million. The company's Average Ticket Price (ATP) increased 8% to ₹273, while Spending Per Head (SPH) climbed 9% to ₹161, reflecting improved consumer spending across its cinema network.
"This led to a 16% increase in ticket sales and a 17% rise in Food & Beverage sales compared to the same period last year. EBITDA rose 90% to ₹229.6 crore, with margins expanding from 8.2% to 14% driven by strong operating leverage," it said.
PVR INOX's core movie exhibition business continued to drive growth during the June quarter, with revenue from the segment increasing 14.3% year-on-year to ₹1,614.1 crore. In contrast, revenue from its movie production and distribution business declined 51.8% to ₹59.2 crore.
The company reported total income of ₹1,648.3 crore, including other income, reflecting an 11.2% year-on-year increase. As of June 30, 2026, PVR INOX operated 1,779 screens across 113 cities in India and Sri Lanka. The company said sustained free cash flow generation and disciplined capital allocation have significantly strengthened its balance sheet.
"From a net debt of ₹14,304 mn (₹1,430 crore) at the time of the merger, the company turned net cash positive during the quarter, with net cash of ₹80.7 crore as of June 30, 2026. This gives the company complete strategic flexibility to pursue its capital-light growth agenda funded through internal accruals," it said.
PVR INOX has reaffirmed its expansion plans for FY27, stating that it remains on course to add 90–100 new screens during the year, with a strategic focus on asset-light formats, according to the company's statement.
The company also expressed optimism about the content pipeline for the remainder of FY27, citing a robust mix of franchise films, star-led blockbusters and content-driven releases across multiple languages.
"On the Hindi front, the slate includes anticipated titles such as Ramayana Part 1, King, Love and War, Drishyam 3, Awarapan 2, Mirzapur – The Movie and Haiwaan. Regional cinema continues to present a compelling theatrical slate, led by marquee titles such as Jana Nayagan, Toxic, Jailer 2, Khalifa and Sardar 2," it said.
PVR INOX added that Hollywood releases are also expected to bolster theatrical footfalls, with a strong lineup that includes Spider-Man: Brand New Day, Avengers: Doomsday, Dune: Part Three, The Hunger Games: Sunrise on the Reaping, and Jumanji: Open World, many of which are slated for release in premium large-screen formats.
"The depth, diversity and scale of this pipeline give the company strong confidence in the theatrical outlook for the rest of FY27," it said.
Following the earnings announcement, shares of PVR INOX rose 5.24% to ₹1,044.95 apiece on the BSE on Thursday.
