India · Delayed Price · Currency is INR PVR INOX Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw double-digit revenue and EBITDA growth, record net cash, and rising guest spend. Screen expansion and a strong content pipeline support a positive outlook, while asset-light models and digital initiatives drive efficiency and new revenue streams.
Fiscal Year 2026
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FY 2026 delivered record revenue, EBITDA, and PAT, with net debt nearly eliminated and robust free cash flow. Capital-light expansion and a strong content pipeline position the business for continued growth, while cost discipline and industry tailwinds support margin improvement.
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Q3 FY26 delivered strong revenue and margin growth, driven by record box office performance, higher occupancy, and robust content across Hindi, Hollywood, and regional films. Net debt fell sharply, and a strong content pipeline and screen expansion support a positive outlook.
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Q2 and H1 FY26 delivered record revenue, EBITDA, and footfalls, driven by strong Hindi, Hollywood, and regional film performance. Net debt reached its lowest post-merger level, and the outlook remains robust with a diverse upcoming film slate and continued expansion under capital-light models.
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Q1 FY2026 delivered strong year-on-year growth in box office, admissions, and revenue, with robust content and successful footfall initiatives. Asset-light expansion, cost discipline, and a healthy pipeline support a positive outlook, while net debt reduction remains a priority.
Fiscal Year 2025
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FY25 saw a 9% drop in box office collections due to weak Bollywood and Hollywood releases, but Hindi dubbed films and re-releases drove incremental footfalls. The company reduced net debt by INR 478 crore, maintained cost discipline, and is shifting to asset-light expansion, with 100-110 new screens planned for FY26.
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Q3 FY25 saw record box office collections, highest ATP and SPH, and strong regional film performance, with revenue and profitability up year-over-year. Capital-light expansion, cost control, and a robust content pipeline are expected to drive growth and margin improvement.
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Q2 FY25 saw a 40% sequential box office surge, strong re-release performance, and positive free cash flow with net debt reduction. Management expects robust results in Q3/Q4, driven by major releases and continued screen expansion, with a focus on asset-light growth.
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Q1 FY25 saw revenue and profitability decline due to fewer film releases and blockbusters amid election disruptions, but June's strong box office and a robust upcoming film slate signal recovery. Premium formats and advertising showed resilience, while cost control and asset monetization remain priorities.