PVR Inox Reports Record Financials for FY26; Strengthens Balance Sheet with Strategic Divestment

PVR Inox Reports Record Financials for FY26; Strengthens Balance Sheet with Strategic Divestment​

PVR Inox Ltd announced its audited standalone and consolidated financial results for the quarter and the period ended March 31, 2026. The company reported a defining year of performance, achieving its best-ever financial results while implementing a capital-light growth model.

The company's overall financial performance saw record levels of revenue, EBITDA, and PAT for the year ended March 31, 2026.

Key Highlights for the Fiscal Year 2026​

For the full financial year, PVR Inox posted a revenue of INR 67,426 Mn, an EBITDA of INR 9,680 Mn, and a PAT of INR 3,868 Mn. This performance was supported by the company recording 150 million patrons, marking a 10% year-over-year growth.

Operational metrics also set records for the year. The Average Ticket Price (ATP) reached INR 280, up 8.0% year-over-year, and the Spend per Head (SPH) was recorded at INR 147, showing a 10% increase.

The company’s focus on operational efficiency and capital preservation led to a Free Cash Flow of INR 7,901 mn for FY26. Furthermore, PVR Inox strengthened its balance sheet significantly through a strategic divestment. The company successfully divested Zea Maize Private Limited, owner of the 4700BC packaged snacking brand, to Marico Limited for INR 2,268 mn in an all-cash transaction, maintaining its focus on core cinema exhibition.

As of March 31, 2026, the company reduced its net debt to INR 1,619 mn, bringing it to a negligible level.

Quarterly Performance (Q4 FY26)​

During the quarter ending March 31, 2026, PVR Inox posted a revenue of INR 15,778 mn, EBITDA of INR 1,696 mn, and PAT of INR 1,788 mn. The quarter saw 31 million patrons visit the cinemas, leading to a strong Average Ticket Price (ATP) of INR 315, which marked a 22% year-over-year growth. Food and Beverage Spend per Head (SPH) grew by 32% to INR 165.

In terms of expansion, the company announced 31 new screen openings across 5 cinemas, incorporating both the FOCO and Asset Light models.

Network Expansion and Financial Summary​

As of March 31, 2026, PVR Inox operates 359 cinemas with a total of 1,798 screens across 113 cities. The overall expansion strategy during the year included 93 new screens across 17 cinemas, utilizing 22 screens under the FOCO model and 29 screens under the Asset Light model.

The financial performance of the company for the recent quarters and fiscal years is detailed below:



PVR Inox Ltd stated that the company remains committed to its capital-light expansion strategy. The management highlighted that the industry continues its strong long-term growth trajectory, with the theatrical sector proving resilient and diverse.

PVRINOX Stock Price Movement​

As of 2:27 PM, shares of PVR INOX Limited are shedding 4.09% in live trading, currently trading at ₹1029.9. The stock is seeing significant movement amid robust activity, with 1.54 million shares traded so far today.