PVR INOX Q1FY26: Loss narrows to ₹55 cr; Revenue rises 23% on strong film slate

Multiplex operator PVR INOX has reported a significant narrowing of its consolidated loss after tax to ₹54.5 crore for the first quarter ended June 30, 2025, aided by strong box office performance that boosted footfalls and revenues. The company had posted a consolidated loss of ₹179 crore in the same period last fiscal.

Revenue from operations for the quarter stood at ₹1,469.1 crore, up 23% from ₹1,190.7 crore in Q1FY25. Total expenses rose to ₹1,571.7 crore compared to ₹1,457.5 crore in the year-ago period.

PVR INOX recorded a 12% year-on-year increase in patrons, with 34 million visitors in the quarter. As of June 30, the company operated 353 cinemas with 1,745 screens across 111 cities. Managing Director Ajay Bijli said, “FY26 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.”

The company highlighted that Hindi and Hollywood films led performance in Q1FY26. A total of 10 films crossed the ₹100 crore mark, including three films that exceeded ₹200 crore. Bollywood box office collections surged 38% YoY, powered by titles like Raid 2, Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, and Jaat. Hollywood titles, where PVR INOX holds a substantial market share, grew 72% YoY, with franchises such as Mission Impossible, Final Destination Bloodlines, Ballerina, and event film F1 performing strongly, especially in premium formats like IMAX and 4DX, which saw 20% YoY growth in admissions.

Regional cinema also contributed steadily, with Tamil’s Good Bad Ugly, Malayalam’s Thudarum, and sleeper hit Tourist Family adding to collections. The company noted that the quarter reflected a healthier theatrical environment, less dependent on mega blockbusters and supported by a consistently performing film slate across languages.

In April, PVR INOX introduced ‘Blockbuster Tuesdays’, offering tickets from ₹99 to boost weekday footfalls. The initiative brought nearly 1 million new and returning customers back to cinemas. The quarter also saw the highest ever F&B spend per head at ₹148, up 10% YoY.

During the quarter, the multiplex chain opened 20 new screens, of which 14 were under FOCO (franchise owned company operated) and asset-light models. Currently, 55 new screens are signed under FOCO and 72 under the asset-light model, with no closures during the period.

Looking ahead, the company expects FY26 to be a strong year for the exhibition business, backed by a robust release pipeline across Hindi, Hollywood, and regional films. July began Q2 on a strong note, delivering the highest monthly admissions in 18 months, supported by steady performances from Saiyaara, Superman, Jurassic Park: Rebirth, Mahavtar Narsimha, Fantastic Four: First Steps, Metro In Dino, along with ongoing momentum from F1 and Sitaare Zameen Par.