Brokerages upbeat on India's PVR INOX growth, margins

PVR INOX

12/05/2026 05:46

** Multiplex operator PVR INOX PVRL.NS falls about 2.5% amid broader market weakness

** Ambit (maintains "Buy", PT: 1,341 rupees) says 55% of new screen additions are asset-light, supporting capital efficiency, higher returns

** Raises EBITDA estimates for FY27-FY29 by 15%-16%, citing stronger ad revenue, improved profitability

** UBS (keeps "Buy", PT: 1,350 rupees) says operating trends improving with revenue growth; rising occupancy expected at 25%-26% for FY27-28

** Investec (maintains "Buy", PT: 1,440 rupees) expects PAT growth from higher earnings, lower costs; stronger ad income in H2FY27, supported by larger titles' release

** PVRL rated "buy" on average by 15 analysts, median PT at 1,320 rupees - LSEG-compiled data

** PVRL posted Q4 profit vs year-ago's net loss; revenue from ops rose 25.8% y/y, led by higher per-customer spending

($1 = 95.3000 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))