PVR INOX shares jump 3%, hit 52-week high: Record Q2, Ramayana box-office run and strong film slate lift sentiment

PVR INOX was on investors' radar on Monday, November 9, with the stock jumping as much as 3% to hit a fresh 52-week high of ₹1,645.10 on the NSE.

The multiplex operator's shares have delivered impressive returns over the past year, gaining more than 43% during the period. The stock has also surged nearly 59% year-to-date and 58% over the past six months.

On a shorter time frame, it has advanced nearly 22% in a month and around 7.8% over the past five trading sessions, according to Google Finance data.

Strong Q2 FY27 earnings

The company reported a net profit of ₹105.5 crore for the July-September quarter a year ago, according to a regulatory filing.

PVR INOX revenue from operations rose 16.97% to ₹2,105.1 crore in the September quarter of FY27, the company said, its "highest-ever quarterly revenue". It posted revenue of ₹1,799.6 crore in the corresponding period in the last fiscal.

Total expenses were ₹1,788.2 crore in the September quarter, up 5.86%.

The company recorded its highest-ever quarterly box office performance, with admissions rising 4% to 4.63 crore. Its occupancy improved to 30.4% from 28.7% in the year-ago period. PVR INOX said this is also "its highest-ever quarterly" figure.

Key details

Its average ticket price (ATP) and spending per head (SPH) rose 14% to ₹298 and ₹153, respectively, while revenue from ticketing and food and beverages (F&B) grew 18% each.

During the quarter, PVR INOX's revenue from 'Movie Exhibition' was up 16.6% to ₹2,104.1 crore in the September quarter. Revenue from 'Movie Production and Distribution' rose 8.52% to $59.8 crore.

Total income of PVR INOX, which includes other income, was ₹2,139.3 crore, up 16.6%.

As of September 30, 2026, PVR INOX operated 1,797 screens across 114 cities in India and Sri Lanka. It added 24 new screens and also exited 25 screens during H1 FY'27.

"It exited 25 screens, mostly loss-making. Of the 90-100 new screens planned for FY'27, most are expected in H2 under capital-light models," said PVR INOX.

Outlook stays strong

On the outlook, the company said, "Looking ahead, a strong pipeline of releases across languages is expected to support the positive theatrical outlook."

Hindi cinema's upcoming slate includes Ramayana: Part One in November, Shah Rukh Khan-starrer King in December, followed by Love & War and Golmaal 5 in the fourth quarter. Regional and pan-India releases, including Chiranjeevi's Kaaka and Prabhas-starrer Spirit, are also expected to draw audiences to theatres.

Hollywood's upcoming lineup features The Hunger Games: Sunrise on the Reaping, Avengers: Doomsday, Dune: Part Three and Jumanji: Open World, offering a diverse mix of franchise-led and big-budget films.

Ramayana off to a strong start at the box office

Directed by Nitesh Tiwari, the film was released worldwide on November 5, with Ranbir Kapoor playing Lord Rama, Sai Pallavi as Sita, Yash as Ravana and Ravi Dubey as Lakshmana.

The makers claimed that the film recorded the biggest pre-Diwali opening in the history of Indian cinema. It drew audiences to theatres from the early morning shows, despite the pre-Diwali period typically witnessing relatively subdued cinema attendance as people get occupied with festive preparations and travel, the statement added.

For PVR INOX, a strong response to a big-budget release is significant as it can support cinema footfalls, ticket sales and food and beverage revenue during the festive season. The film's subsequent box-office performance will be important to watch.