PVR INOX Ltd (NSE:PVRINOX)

Q2 2026 PVR INOX Ltd Earnings Call Transcript

Oct 17, 2025 / 10:30 AM GMT

Release Date Price: ₹1092.6 (-0.50%)

Transcript

Key Points

Positve

PVR INOX Ltd (BOM:532689) reported a 15% year-on-year growth in the total India box office for the first half of FY26, driven by a steady flow of diverse films.
The company welcomed 44.5 million guests to its cinemas in Q2, marking the highest footfall in the last eight quarters with a 15% year-on-year increase.
Advertising revenue showed strong momentum, with a 16% year-on-year increase, reaching 126 crores in Q2.
PVR INOX Ltd (BOM:532689) reduced its net debt to 619 crores, the lowest level since the merger, driven by strong operating cash flows and a calibrated capital allocation approach.
The company added 22 new screens during the quarter and has a strong pipeline of 132 screens signed under the capital light model, indicating future growth potential.

Negative

Sequentially, the F&B spend per head (SPH) saw a dip of about 9.5%, attributed to specific audience preferences and the nature of films released.
The company faces an ongoing investigation by the Competition Commission of India (CCI) regarding the charging of Virtual Print Fees (VPF), which could impact future revenue streams.
There is uncertainty regarding the impact of potential US tariffs on non-US made content, which could affect the budgets and production of films.
The company has a significant amount of cash on its books, which could have been used to further reduce gross debt, raising questions about liquidity management.
The upcoming Cricket World Cup could potentially impact footfalls and box office collections, as traditionally, Q4 is a lean quarter for the industry.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PVRL.NS - PVR INOX Ltd
Q2 2026 PVR INOX Ltd Earnings Call
Oct 17, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the PVR IO Q2 FY26 conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference, please signal an operator by pressing and then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Abhishek Banaji from ICICA Securities.

Thank you and over to you, sir.

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Unidentified_2 [2]
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