PVR INOX Limited — Q2FY27 earnings call summary

Filed 03 November 2026 · Official transcript

90-100 new screens targeted in FY27, including SMART Cinemas for Tier 3/4 with 25-30% lower capex
Capex guidance INR300-320 Cr FY27; >INR350 Cr FY28; depreciation reduced by INR35-40 Cr due to longer asset life
Q2 FY27 total income grew 17% to INR2,133 Cr; EBITDA rose 44% to INR475 Cr; PAT more than doubled to INR273 Cr
F&B gross margin improved via volume, value growth, supply chain efficiencies; 85% footfall now buys F&B
Strong film slate for H2 FY27 including Ramayana, King, Avengers, regional and Hollywood blockbusters
EBITDA margin expanded 420 bps to 22.3%; ROCE improved to 16.5% trailing 12 months
Capital allocation policy: invest for growth, maintain net debt/EBITDA <0.5x, return ~30% surplus cash to shareholders
Industry box office grew 23% y-y; English cinema grew 87%, Hindi and regional strong with new trends like streaming-to-theatre