PVR Inox Share Price: Multiplex Giant Sees Revival on Strong Q1 Numbers | Stock Market Today

Market Performance

The PVR Inox share price has been in the spotlight as India’s largest multiplex chain attempts a strong comeback. After losing nearly half its market value since its 2022 peak of ₹2,215, the stock has found fresh momentum. In recent sessions, it has gained about 10%, supported by solid earnings and rising audience footfalls.

The recovery has been fuelled by better box-office collections, strong Hindi and Hollywood releases, and tighter cost controls. With debt levels easing and expansion continuing, the stock is once again drawing attention in the stock market today.

Q1FY26 Results: A Closer Look

PVR Inox reported a healthy set of numbers for the June quarter (Q1FY26). The performance was marked by double-digit growth across revenue segments and a sharp improvement in profitability.

Key Highlights:

• Revenue: ₹1,469 crore, up 23% YoY
• Ticketing Revenue: ₹728 crore (+22.7%)
• F&B Revenue: ₹492 crore (+22.4%)
• Advertising Revenue: ₹110 crore (highest since pandemic)
• Convenience Fees: ₹48 crore
• Other Operating Income: ₹91 crore

The company’s affordable weekday menu, priced at ₹99, helped draw value-conscious moviegoers, while premium pricing for Hollywood releases boosted overall spending.

Box Office & Audience Trends

PVR Inox benefitted from a blockbuster quarter at the box office. Several big-ticket films helped pull crowds back to theatres.

• Hindi Hits: Raid 2, Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, Jaat
  • 5 films crossed ₹100 crore collections
  • 3 films crossed ₹200 crore mark
• Hollywood Blockbusters: Mission Impossible: The Final Reckoning, Final Destination, Ballerina, F1
• Regional Strong Performers: Good Bad Ugly (Tamil), Thudarum (Malayalam), Tourist Family (Tamil)

This content line-up translated into higher footfalls and better per-person spending:

• Footfalls: 3.4 crore (+12%)
• Average Ticket Price (ATP): ₹254 (+8%)
• Spend Per Head (SPH): ₹148 (record high)
• Occupancy: 22% (+167 bps)

Promotional initiatives like “Blockbuster Tuesdays” (tickets from ₹99) drew nearly 1 million new or returning customers, while unlimited popcorn and refill offers increased in-theatre spending.

Non-film events also boosted traffic, with IPL streaming and live concerts attracting an additional 5 lakh admissions.

Financial Performance & Debt Position

PVR Inox has managed to turn its operating performance around with strict cost discipline and growing revenues.

• EBITDA: ₹95.3 crore (margin 6.5% vs -3.2% YoY)
• Net Loss: ₹33.4 crore (narrowed 76% YoY)
• Net Debt: ₹892 crore (down 6.3% QoQ)

Fixed costs rose only 2.8%, while rentals increased 5%, lower than comparable peers at 6.2%. This cost management, along with higher occupancy, pushed the company back into profitability at the operational level.

Expansion Strategy

The company is continuing its screen expansion while adopting an asset-light model.

• New Screens Added in Q1: 20 (Total: 1,745)
  • 14 under FOCO (franchise-owned, company-operated)
  • 6 under asset-light partnerships
• Pipeline:
  • 55 FOCO screens
  • 72 under asset-light model
• FY26 Target: 90–100 new screens
• Capex for FY26: ₹425 crore
  • ₹260 crore for new screens
  • ₹150 crore for renovation & maintenance

This expansion plan helps PVR Inox grow while keeping leverage in check.

Valuation & Market View

Currently, PVR Inox trades at around 10x EV/EBITDA, which is a steep 38% discount to its 10-year median of 16x. The relatively lower valuations offer a cushion, though risks remain.

The key challenges include:

• Dependence on strong film releases for footfalls
• Regulatory risks, like the draft Karnataka bill to cap ticket prices
• High sensitivity to even a small dip (2–3%) in occupancy, which can hit EBITDA margins

Summary

PVR Inox’s latest results highlight a turnaround story in motion. With:

• Rising box office collections
• Strong Hindi and Hollywood releases
• Higher footfalls and per-head spending
• Improved margins and debt reduction
• Ongoing expansion through asset-light models

…the company seems better placed than it has been in recent quarters.

For now, the PVR Inox share price is regaining momentum in the stock market today, supported by improving fundamentals and audience demand.