PVR INOX Q1 net loss narrows to ₹54 crore vs ₹179 crore a year back, average movie ticket price rises 8% YoY

Multiplex chain PVR INOX on Wednesday, August 6, announced that its net loss attributable to owners of the company narrowed to ₹54 crore in the first quarter of the financial year 2025-26 as compared to ₹178.7 crore a year back.

Its revenue from operations climbed 23.38% to ₹1,469.1 crore in Q1 FY26 as compared to ₹1,190.7 crore in the same period of the previous fiscal year.

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed 57.97% to ₹397 crore in the quarter under review as against ₹252 crore in the first quarter of FY25. The EBITDA margin stood at 27.04% vs 21.12% a year back.

PVR INOX Q1 Results: Business highlights

• Patrons visiting PVR INOX cinemas: 34 million, YoY growth of 12%
• Average ticket price (ATP) of ₹254, 8% YoY growth
• Highest ever food and beverage (F&B) spend per head of ₹148, 10% YoY growth
• Highest Q1 Ad income post-pandemic of ₹109.6 crore, reflecting YoY growth of 17%
• As on date PVR INOX runs 353 cinemas with 1,745 screens across 111 cities

In an exchange filing, the cinema chain said that the financial year 2025-26 started on a high note, with Hindi and Hollywood films leading the charge. A total of 10 films crossed the ₹100 crore mark, including three films crossing the ₹200 crore mark.

"Bollywood box office collections of PVR INOX surged 38% YoY, fuelled by successful releases like Raid 2, Sitaare Zameen Par, Kesari Chapter 2, Housefull 5, and Jaat. Each of these five films crossed the ₹100 crore mark, with three of them surpassing the ₹200 crore mark—underscoring a more balanced and consistent performance," the company said.

Hollywood collections also saw an uptick of 72% YoY due to strong results from Mission Impossible, Ballerina, Final Destination Bloodlines, and F1.

PVR INOX outlook

The multiplex chain said that the second quarter started on a strong note, with the highest monthly admissions in the last one and a half years.

The remainder of FY26 is expected to benefit from titles like War 2, Jolly LLB 3, Dhurandhar, Thama, Alpha, Border 2, Coolie, Kantara: A Legend Chapter 1, Toxic, Avatar: Fire and Ash, and The Conjuring: Last Rites, among others.

Commenting on earnings, Ajay Bijli, Managing Director, PVR INOX, 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.

"With a robust pipeline of films across Hindi, Hollywood, and Regional cinema, we expect FY’26 to be a strong year for the exhibition business. Our focus remains on delighting audiences through innovative initiatives, sustaining cost discipline, and continuing to build long-term value for all our stakeholders," he added.