PVR Inox's Surprising Revenue Report: Snacks Outshine Ticket Sales
PVR Inox, has revealed that their food and beverage sales have surpassed ticket sales revenue.
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PVR Inox, has revealed that their food and beverage sales have surpassed ticket sales revenue.
In FY24, PVR Inox opened 130 screens and shut down 85 with net additions of 45 screens. The exhibitor will shut down around 70 screens with net additions of 50-60 in FY25
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The CFO and MD of PVR Inox discuss the Q3 performance and plans going ahead. The decline in profitability was due to the impact of the World Cup in October and November. The Rs 35 crore provision write back was related to the closure of properties. The merger-related revenue benefits and cost synergies are already being extracted. The movie lineup includes films starring Ajay Devgn, Shahid Kapoor, Akshay Kumar, Tiger Shroff, Aamir Khan, and big South movies. The F&B segment has seen growth, and advertising revenue is picking up. India's box office revenue has surpassed pre-Covid levels.