PVR INOX Reports Record Financial Performance for FY'26, Driven by Strong Box Office and Operational Growth
PVR INOX Limited announced its Investor Update for the Fourth Quarter (Q4) and the full Financial Year (FY) 2026. The company reported significant year-over-year growth across key financial metrics, highlighting a robust revival of the theatrical cinema experience.Key Highlights for FY'26
For the full year 2026, the company recorded its highest revenue and EBITDA ever. The reported financials show the following performance metrics (adjusted for Ind AS 116 - 'Leases'):
| Metric | 12M, FY'26 | 12M, FY'25 | Y-o-Y Growth |
|---|---|---|---|
| Total Income | 67,426 INR Mn | 57,918 INR Mn | 16.4% |
| EBITDA | 9,680 INR Mn | 4,848 INR Mn | 99.6% |
| PAT (from continuing ops) | 2,306 INR Mn | -1,288 INR Mn | N/A |
| Net Debt | 1,619 INR Mn | 9,522 INR Mn | N/A |
The company noted that the PAT for the full year 2026 was INR 2,306 Million, derived from continuing operations.
Operational Growth and Footfalls
The robust financial results were supported by strong operational key performance indicators (KPIs).
| Particulars | Q4, FY'26 | Q4, FY'25 | Y-o-Y Growth | 12M, FY'26 | 12M, FY'25 | Y-o-Y Growth |
|---|---|---|---|---|---|---|
| Cinema Count | 359 | 349 | 2.9% | 359 | 349 | 2.9% |
| Screen Count | 1,798 | 1,723 | 4.4% | 1,798 | 1,723 | 4.4% |
| Admissions (Mns) | 31.0 | 30.5 | 1.5% | 150.1 | 136.9 | 9.6% |
| Occupancy (%) | 23.9% | 20.5% | 338 bps | 26.2% | 23.0% | 312 bps |
| Avg. Ticket Price (INR) | 315 | 258 | 22.4% | 280 | 259 | 8.1% |
| F&B Spend per Head (INR) | 165 | 125 | 32.3% | 147 | 134 | 9.5% |
Revenue Stream Analysis
Total Income saw a 25.0% year-over-year jump in Q4 FY'26, contributing to a 16.4% growth for the full year. Revenue was driven by significant growth in movie ticketing and food & beverage sales.
| Particulars (INR Mn) | Q4, FY'26 | Q4, FY'25 | Y-o-Y Growth | 12M, FY'26 | 12M, FY'25 | Y-o-Y Growth |
|---|---|---|---|---|---|---|
| Sale of Movie Tickets | 8,185 | 6,447 | 27.0% | 35,301 | 29,549 | 19.5% |
| Sale of Food & Beverages | 4,820 | 3,612 | 33.4% | 20,884 | 17,470 | 19.5% |
| Advertisement Income | 1,104 | 962 | 14.8% | 4,636 | 4,475 | 3.6% |
| Convenience Fees | 579 | 442 | 31.0% | 2,410 | 2,111 | 14.2% |
| Total Income | 15,778 | 12,626 | 25.0% | 67,426 | 57,918 | 16.4% |
Strategic Expansion and Market Positioning
The company continues its growth strategy focusing on capital-light, South-led, and Tier 2/3 markets. Screen additions were noted across various quarters of FY'26:
| Quarter | New Screens Added | Highlights |
|---|---|---|
| Q1 FY'26 | 20 | Includes locations in Gurgaon and Jabalpur. |
| Q2 FY'26 | 22 | Includes locations in Hyderabad and Bengaluru. |
| Q3 FY'26 | 20 | Includes locations in Siliguri and Noida. |
| Q4 FY'26 | 31 | Includes locations in Hyderabad and Agra. |
The total network currently stands at 1,798 screens across 113 cities. The facility also emphasizes growing its presence in premium formats, with these premium formats accounting for 16% of the total screens.
Financial Health and Cash Flow
PVR INOX achieved a notable reduction in its net debt, bringing the level down to INR 1,619 Million by March 31, 2026.
Furthermore, the firm reported strong free cash flow generation. The Free Cash Flow for FY'26 was substantially higher than FY'25, demonstrating robust operating cash flow and managed capital expenditure.
Historically, the company's total capital employed has shown a downward trend, stabilizing at 48,911 from 52,908 in FY22.
PVRINOX Stock Price Movement
Shares of PVR INOX Limited are slipping by 3.96% in live trading, dropping ₹42.50 to trade at ₹1031.3 as of 3:30 PM. The equity’s downward momentum is visible in today’s volume, which registers at 1.55 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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