India's PVR Inox posts three-fold rise in quarterly profit on strong slate of films

PVR INOX

06/02/2025 10:52

Feb 6 (Reuters) - India's largest multiplex chain PVR
Inox  PVRL.NS  on Thursday reported a three-fold increase in
third-quarter profit, as a strong line-up of new films attracted
movie-goers during the festive period. 
    The company, formed by the merger of PVR and Inox labels,
posted a consolidated net profit of 359 million rupees ($4.10
million) in the quarter ended December 31, up from a year-ago
profit of 128 million rupees.
    Indians tend to splurge on new apparel, dining out and
entertainment options during the October to December quarter, in
which festivals such as Diwali and Christmas are celebrated. 
    A movie line-up of "Bhool Bhulaiyaa 3" and "Singham Again",
which were new takes on old blockbuster films, increased ticket
sale revenue by 5.8% and food and beverage revenue by 9.4%.
        "Pushpa 2", which made history as the biggest
blockbuster ever in Indian cinema alone brought in 36% of box
office collections in the third quarter, the company said.
  
    The biggest year-on-year rebound in box office sales was led
by Hollywood, which has the smallest share in audience, with
films such as 'Mufasa' and 'Venom: The Last Dance' driving
ticket sales.     
    Overall revenue rose 11% to 17.17 billion rupees, while
total expenses rose nearly 8%. 
    
    


($1 = 87.5400 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru; Editing by Eileen
Soreng)
 ((Ananta.agarwal@thomsonreuters.com;))