Risk Intelligence
Macroeconomic headwinds from West Asia crisis
View Risks →PVR INOX delivered a record FY26 with revenue of ₹6,742 crore (+16% YoY) and EBITDA of ₹968 crore (margin 14.4%, +600bps YoY), driven by strong box office growth (industry collections up 11% to ₹13,519 crore) and cost discipline.
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PVR INOX delivered a record FY26 with revenue of ₹6,742 crore (+16% YoY) and EBITDA of ₹968 crore (margin 14.4%, +600bps YoY), driven by strong box office growth (industry collections up 11% to ₹13,519 crore) and cost discipline. PAT swung to ₹386 crore from a loss of ₹152 crore in FY25. Q4 revenue grew 25% to ₹1,577 crore. The company pivoted to a capital-light model, with 55% of 93 new screens added under FOCO/asset-light formats, reducing capex intensity 24% YoY. Net debt fell to ₹161 crore (down 90% from merger levels). Management guided for 100+ screen additions in FY27, with capex of ₹375-400 crore, and expects continued margin expansion. Key risk: macroeconomic headwinds from West Asia crisis could dampen discretionary spending, though management believes cinema is resilient.
Macroeconomic headwinds from West Asia crisis
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Read Transcript →Record annual footfalls, driven by strong content slate across Hindi, English, and regional cinema.
Record ATP, supported by premium formats and pricing power.
Record SPH, reflecting higher F&B consumption per guest.
All-time high FCF, driven by strong operating performance and reduced capex.
Management expects to add over 100 screens in FY27, with 55-60% under capital-light models (FOCO and asset-light).
PM's call for austerity (reduce gold purchases, foreign travel) and potential fuel price hikes could impact discretionary spending, though manageme...
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