PVR INOX Limited — Q1FY27 earnings call summary

Filed 24 July 2026 · Company audio recording

Capex guidance revised down to ~₹350cr from ₹400cr, prioritizing renovations and asset-light expansions.
Film and F&B costs declined ~200bps YoY due to movie mix and cost controls; full-year film cost guidance ~45-45.5%, F&B costs expected lower than last year.
ATP rose 8% to ₹273; SPH up 9% driven by 70% value growth and 30% volume growth, aided by dynamic pricing and premium formats (~20% screens).
Industry box office grew 20% YoY in Q1 FY27; strong content slate ahead including Ramayana Part 1, King, Avengers, Spider-Man.
Company expects 90-100 gross screen additions in FY27, ~80 net additions; acceleration in Tier 2/3 markets from FY28.
Focus on improving ROCE and ROE; no specific free cash flow target but sustaining strong cash generation.
Advertising revenue expected to grow with big Q3/Q4 releases and evolving media buying models.
Delay in regulatory licenses caused screen opening bunching in Q2/Q3.