[ad_1]
Bijli said the company already opened 20 screens in the first quarter of FY26.
PVR INOX plans to add over 100 new screens in FY26 with a strong focus on capital-light growth model while continuing to close underperforming screens. The company has a strong outlook for FY26 with a formidable line-up of content across genres including Hindi films, Hollywood and regional movies. The company also will continue to focus on alternative content streams, including re-releases.
The leading multiplex chain narrowed its consolidated net loss to ₹125.3 crore in Q4FY25 from ₹129.7 crore year-on-year. Consolidated revenue from operations declined marginally to ₹1,249.8 crore in the quarter under review. The company said the box office in FY25 was impacted by inconsistent content availability and underperformance of films .
Sanjeev Bijli, Executive Director, PVR INOX Ltd, told businessline, “The content pipeline in FY26 looks much better as we will have several big-ticket releases in Hindi besides some incredible Hollywood franchise movies getting released. The regional movie line-up also looks very good.”
“In line with our profitability and operational efficiency objectives in FY25, we have continued to close non-performing screens which were dragging our numbers and we are replacing them with screens in new developments,” he added.
The company closed 72 screens and opened 77 new ones in FY25. Its portfolio now stands at 1,743 screens across 352 cinemas in 111 cities in India and Sri Lanka.
Bijli said that the company is also taking several measures to boost admissions, which include strong focus on re-releases and alternative content. “We have had a lot of learnings with a successful re-releases strategy. We have a full plan for re-releases in FY26 as well as a calendar of alternate content line-up including concerts and stand-up comedy events to shore up our admissions and leverage on our strong capacity,” he added.
Bijli said the company already opened 20 screens in the first quarter of FY26. The company said it expects to add 100-110 screens in FY26. “Nearly 50-60 per cent will be under the capital-light model. This strategic pivot is expected to materially reduce our new screen capex and drive long-term sustainable growth,” he added.
Published on May 12, 2025
[ad_2]
Source link
