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India's PVR INOX posts quarterly profit on higher per-customer spending

May 11 (Reuters) - India's PVR INOX PVRL.NS reported a fourth-quarter profit on Monday, helped by higher ticket prices and increased spending on food and beverages.

The multiplex operator posted a profit of 1.87 billion rupees ($19.64 million) for the quarter ended March 31, from a net loss of 1.25 billion rupees a year earlier.

Profit margins expanded to 11.5% in the quarter from a negative 9.7% a year ago, helped by higher ticket prices and a rise in food and beverage spends.

Revenue from operations rose 25.8% to 15.47 billion rupees, driven primarily by higher per-customer spending.

Advertising income rose about 15%, supported by improved occupancy and advertiser demand.

Average ticket price was up 22% year-on-year to 315 rupees, while average food and beverage spend per head rose 32% to 165 rupees.

Footfalls rose marginally to 31 million from 30.5 million a year earlier.

Shares of PVR INOX closed down about 4.5%, having gained about 4% so far this year.

($1 = 95.2225 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

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

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