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Gloomy picture: Near-term gains unlikely for multiplex player PVR Inox

Firm may face tough times amid forecast of weak box-office collections

Pvr inox theatre cinema hall
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The company is targeting to bring down the rental costs from 19-20 per cent of revenue to 16-17 per cent over the next year and a half

Ram Prasad Sahu

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From its highs in December 2023, the stock of the country’s largest multiplex chain PVR Inox is down 22 per cent and is trading at Rs 1,412 a share. A weaker-than-expected December quarter, a muted outlook in the near term and a downward revision in earnings are weighing on the film exhibitor. Even though there aren’t enough growth boosters in the near term, brokerages have maintained an accumulate or buy rating on the stock, given moderate valuations.

The key trigger will be the March quarter performance and the outlook for the company. Some of the concerns related to sluggish box

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First Published: Apr 12 2024 | 6:34 PM IST

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