Gurugram: PVR INOX Limited today announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, highlighting a strong start to FY’26 driven by high-performing Hindi and Hollywood titles, innovative footfall strategies, and disciplined financial management.
Box Office Momentum Across Languages
FY’26 began with solid momentum as content across languages drove admissions and revenue growth. The quarter saw 10 films cross the INR 100 crore mark, with three surpassing INR 200 crore — showcasing a balanced and consistent box office slate.
Bollywood collections for PVR INOX surged 38% year-on-year, powered by blockbuster hits like Raid 2, Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, and Jaat. Of these, three films grossed over INR 200 crore, demonstrating the growing depth of the Hindi film market.
Hollywood box office recorded a 72% YoY increase, led by franchise powerhouses such as Mission Impossible, Final Destination Bloodlines, Ballerina, and the high-octane event film F1. Premium formats like IMAX and 4DX saw a 20% YoY increase in admissions, underlining the audience appetite for immersive experiences.
Regional films held steady, with Tamil film Good Bad Ugly, Malayalam hit Thudarum, and the sleeper success Tourist Family contributing notably to the quarter.
Footfall and Engagement Initiatives
Continuing its strategy of ‘Manufacturing Footfalls’, PVR INOX introduced Blockbuster Tuesdays in April 2025 — offering tickets starting at ₹99. This move attracted nearly 1 million new and lapsed transactors, boosting weekday occupancy.
Alternate content programming including IPL matches, concerts, and comedy shows added 5 lakh admissions, cementing cinemas as multi-purpose entertainment venues.
Despite strong initiatives, the quarter faced minor setbacks due to external factors. An estimated 6–7 lakh admissions were lost due to disruptions caused by ‘Operation Sindoor’, protests surrounding Akaal, and the suspension of Sardaarji 3.
Asset-Light Growth and Financial Prudence
PVR INOX reinforced its capital-light expansion strategy, opening 20 new screens, 14 of which were under FOCO and Asset-Light models. The pipeline includes 55 FOCO screens and 72 under Asset-Light, with no closures during the quarter.
Net debt stood at INR 8,915 million as of June 30, 2025 — a decline of INR 607 million from March 31, 2025, and INR 5,389 million since the PVR-INOX merger — signaling continued deleveraging and financial discipline.
Positive Outlook for FY’26
July saw the highest monthly admissions in 18 months, driven by films like Saiyaara, Superman, Jurassic Park: Rebirth, Mahavtar Narsimha, Fantastic Four: First Steps, and Metro In Dino, along with continued traction for F1 and Sitaare Zameen Par.
The remaining FY’26 lineup includes anticipated Hindi titles such as War 2, Jolly LLB 3, Dhurandhar, Thama, Alpha, Border 2, and Love & War, while Hollywood will see global releases like Avatar: Fire and Ash, The Conjuring: Last Rites, Predator: Badlands, and Project Hail Mary. Regional blockbusters like Coolie, Kantara: A Legend Chapter 1, Toxic, Idli Kadai, Nikka Zaildar 4, Akhanda 2, Peddi, and Raja Saab are also expected to drive footfalls.
With 1,745 screens across 353 cinemas in 111 cities in India and Sri Lanka, PVR INOX is poised for sustained growth and innovation in the exhibition sector.
Ajay Bijli, Managing Director, PVR INOX Ltd., said, “FY’26 has begun on a positive note, with Q1 delivering healthy growth across key operating and financial metrics. The momentum has been supported by a well-performing and steady content slate, giving us confidence in the year ahead. With a robust pipeline of films across Hindi, Hollywood, and Regional cinema, we expect FY’26 to be a strong year for the exhibition business. Our focus remains on delighting audiences through innovative initiatives, sustaining cost discipline, and continuing to build long-term value for all our stakeholders.”
