Pvr Inox Limited · NSE:PVRINOX
Pvr Inox — Q3 FY2026 Earnings Presentation
45 slides from Pvr Inox's earnings presentation, Feb 5, 2026
Slide 1: Exchange filing cover letter
February 05, 2026 The Manager - Listing National Stock Exchange of India Limited (Scrip Symbol: PVRINOX) The Manager – Listing BSE Limited (Scrip Code: 532689) Sub: 3rd Quarter, FY 2025-26 - Investor Presentation Dear Sir / Madam, Please find attached presentation on Investor update for the 3rd Quar
Slide 2: Investor Update: Q3 & 9M FY'26
INVESTOR UPDATE INVESTOR UPDATE : Q3 & 9M FY’26 February 5th,2026 Q3 & 9M FY’26
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared for general information purposes in respect of PVR INOX Limited (“Company”) together with its subsidiaries and joint venture (together, with the “Company”, the “Group”) only, without regard to any specific objectives, suitability, financial situations a
Slide 4: Disclaimer
DISCLAIMER This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, a
Slide 5: Index
INDEX 01 KEY HIGHLIGHTS 5 02 INDUSTRY BOX OFFICE UPDATE 7 03 RESULT SUMMARY 15 04 SCREEN GROWTH UPDATE 26 05 CONTENT PIPELINE 30 INVESTOR UPDATE : Q3 & 9M FY’26 4
Slide 6: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS (INR Mn) REVENUE & GROWTH% EBITDA & EBITDA% PAT & PAT % Q3,FY’26 19,077 3,435 (1) 18.0% 1,149 6.0% +9.7% Q3,FY’25 17,388 2,583 14.9% 681 3.9% 9M,FY’26 52,388 7,849 (1) 15.0% 2,078 4.0% +14.2% 9M,FY’25 45,893 4,453 9.7% -460 NM HIGHEST 9M YTD REVENUE, EBITDA & PAT POST PANDEM
Slide 7: Key Operating Highlights
KEY OPERATING HIGHLIGHTS ADMITS (Mn) ATP (INR) SPH (INR) Q3,FY’26 40.5 293 146 +8.6% +4.1% +4.2% Q3,FY’25 37.3 281 140 9M,FY’26 119.0 271 143 +11.8% +4.5% +4.1% 9M,FY’25 106.4 259 137 HIGHEST 9M YTD ADMITS, ATP & SPH POST PANDEMIC INVESTOR UPDATE : Q3 & 9M FY’26 6
Slide 8: Industry Box Office Update
INDUSTRY BOX OFFICE UPDATE INVESTOR UPDATE : Q3 & 9M FY’26
Slide 9: 2025 Recorded Highest Ever Box Office Collection
2025 RECORDED HIGHEST EVER BOX OFFICE COLLECTION INDIA BOX OFFICE COLLECTION (INR CR) Highest Ever 32% 13,395 12,226 11,833 PANDEMIC 10,637 10,129 3,772 Pre pandemic 3 year avg. CY 2021 CY 2022 CY 2023 CY 2024 CY 2025 Source: Ormax Media CY 2025 India Box Office is 32% higher than Pre Pandemic Box O
Slide 10: With Broad Based Theatrical Strength
WITH BROAD BASED THEATRICAL STRENGTH HIGHEST NUMBER OF 100 CR FILMS 100–200 CR MOVIES POWER A MORE BALANCED BOX OFFICE No. of Films >100 Cr. Share of Total GBOC Across Buckets Highest Ever 6% 11% 37 13% 27% 76% 24% 15% 21% 30 16% 12% 14% 27% 21 22% 15 0-100 Cr. 58% 51% 100-200 Cr. 46% 41% 200-500 Cr
Slide 11: Bollywood Box Office Delivers a Breakout 2025
BOLLYWOOD BOX OFFICE DELIVERS A BREAKOUT 2025 HINDI GBOC (INR CR) 2025 BLOCKBUSTER MOVIES Highest Ever 18% 5,380 5,504 4,831 PANDEMIC 4,679 3,513 869 717 CY 2019 CY 2020 CY 2021 CY 2022 CY 2023 CY 2024 CY 2025 Hindi Originals dominated with 59% YoY Growth Aided by Healthier Genre Mix & Consisten
Slide 12: Hollywood Sees the Best Year Post Pandemic
HOLLYWOOD SEES THE BEST YEAR POST PANDEMIC HOLLYWOOD GBOC (INR CR) RECORD 100 CR+ MOVIES IN 2025 2nd Highest 1,595 Ever PANDEMIC 1,403 1,230 49% 1,139 941 563 86 CY 2019 CY 2020 CY 2021 CY 2022 CY 2023 CY 2024 CY 2025 Franchise Films & Spectacle Driven Titles Boosted Performance Steady Flow of R
Slide 13: Regional Films Perform Consistently, With Select Language Tailwinds
REGIONAL FILMS PERFORM CONSISTENTLY, WITH SELECT LANGUAGE TAILWINDS GUJARATI KANNADA REGIONAL GBOC (INR CR) Highest 528 Ever 242 74% 43% 6,213 6,488 188% 5,894 304 5,707 PANDEMIC 84 4,522 CY2024 CY2025 CY2024 CY2025 Strong growth in Kannada & Gujarati (best ever year) 2,492 MALAYALAM 1,165 1,164 1,1
Slide 14: 2026 Expected to Be Bigger Than 2025: Bollywood
2026 EXPECTED TO BE BIGGER THAN 2025 BOLLYWOOD INVESTOR UPDATE : Q3 & 9M FY’26 13
Slide 15: 2026 Expected to Be Bigger Than 2025: Hollywood, Regional
2026 EXPECTED TO BE BIGGER THAN 2025 HOLLYWOOD REGIONAL INVESTOR UPDATE : Q3 & 9M FY’26 14
Slide 16: Results Update
INVESTOR UPDATE : Q3 & 9M FY’26 RESULTS UPDATE
Slide 17: Q3 Delivers Strong Box Office Growth
Q3 DELIVERS STRONG BOX OFFICE GROWTH 27% 30% 30% Q3 FY’26 PVRINOX GBOC Q3 FY’25 1,047 +14% YoY Growth 1,192 (INR Cr.) 52% 13% 26% 12% 8% PUSHPA 2 (All Languages) BHOOL BHULAIYA 3 SINGHAM AGAIN KANTARA 2 (All Languages) AVATAR 3 321| 1,364 109| 310 107| 296 207| 724 83| 172 MUFASA AMARAN (Tamil) VETT
Slide 18: Strengthening F&B as a Key Revenue Driver
STRENGTHENING F&B AS A KEY REVENUE DRIVER F&B NET REVENUE INITIATIVES TO BOOST REVENUE (INR Mn) 1. New In-house Brands Across Diverse Cuisines 14% 5,938 5,209 4,763 4,391 Q3 FY'23 Q3 FY'24 Q3 FY'25 Q3 FY'26 2. Weekday Offers 16% 16,794 15,452 14,459 12,659 3. PVR CAFÉ to Drive Out of Cinema Sales 9M
Slide 19: Result Summary (Consol) – Q3 FY'26 vs Q3 FY'25
RESULT SUMMARY (CONSOL) – Q3, FY’26 vs Q3, FY’25 Q3, FY’26 Q3, FY’25 Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 19,196 119 19,077 17,591 203 17,388 Expenses 12,575 -3,067 15,642 11,896 -2,909 14,805 EBITDA 6,621 3,1
Slide 20: Result Summary (Consol) – 9M FY'26 vs 9M FY'25
RESULT SUMMARY (CONSOL) – 9M, FY’26 vs 9M, FY’25 9M, FY’26 9M, FY’25 Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 52,800 412 52,388 46,424 531 45,893 Expenses 35,406 -9,133 44,539 32,716 -8,724 41,440 EBITDA 17,394 9,
Slide 21: Key Operating Numbers
KEY OPERATING NUMBERS Particulars Units Q3, FY’26 Q3, FY’25 9M, FY’26 9M, FY’25 Reported Reported YoY Change (%) Reported Reported YoY Change (%) Operating Numbers (A) (B) (A / B-1) (A) (B) (A / B-1) Cinema Count (at the end of period) (1) 356 354 0.6% 356 354 0.6% Screen Count (at the end of period
Slide 22: Revenue Analysis
REVENUE ANALYSIS Particulars (INR Mn) Q3, FY’26 Q3, FY’25 9M, FY’26 9M, FY’25 Weighted Average Screens (1) 1,701 1,705 -0.2% 1,697 1,705 -0.5% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Financials (A) (B) (A / B-1) (A) (B) (A / B-1) Sale of Movie Tickets 10,056 8,791 14.4% 27,
Slide 23: Expense Analysis – Consolidated
EXPENSE ANALYSIS – CONSOLIDATED Particulars (INR Mn) Q3, FY’26 Q3, FY’25 9M, FY’26 9M, FY’25 Weighted Average Screens (1) 1,701 1,705 -0.2% 1,697 1,705 -0.5% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Variable Cost (A) (B) (A / B-1) (A) (B) (A / B-1) FHC (%) 44.8% 46.4% -158 b
Slide 24: Driving Efficiency and Resilience in the P&L
DRIVING EFFICIENCY AND RESILIENCE IN THE P&L Pre Covid Present FY’20 (1) Q2 FY’26 Q3 FY’26 -350 to -400 bps Occupancy % 32% 28.7% 28.5% EBITDA % 17-18% 17.8% 18.0% Structural Improvement & Profitability driven by Merger Synergies and Cost Control (1) Figures for FY’20 are Proforma for PVR & INOX com
Slide 25: Strengthened Balance Sheet Through Debt Reduction
STRENGTHENED BALANCE SHEET THROUGH DEBT REDUCTION Net Debt 14,304 12,940 (INR Mn) 9,522 3,652 (INR Mn) 31 Mar’23 31 Mar’24 31 Mar’25 31 Dec’25 Gross Debt 17,927 17,177 14,908 10,929 Cash 3,623 4,237 5,386 7,277 Net Debt 14,304 12,940 9,522 3,652 • Cash proceeds of INR 2,268 million from the sale of
Slide 26: Focus on Free Cash Flow Generation
FOCUS ON FREE CASH FLOW GENERATION Capex -2,267 CASH FLOW 9M FY’26 (INR Mn) Interest -1,208 EBITDA(1) 7,849 Cash Inflow 9,345 Free Cash Flow (2) 5,870 Working Capital 1,496 Movement Robust Operating Cash Flows and reduced Capex intensity driving Strong Free Cash Generation (1) Pre-IndAS 116 EBITDA (
Slide 27: Screen Growth Update
SCREEN GROWTH UPDATE INVESTOR UPDATE : Q3 & 9M FY’26
Slide 28: Screen Growth Update
SCREEN GROWTH UPDATE # CINEMAS OPENED IN Q1 FY’26 MODEL OPENING DATE SCREENS 1. PVR ELAN MIRACLE 84, GURGAON LEASE 25-APR-25 6 2. PVR ZORA MALL, RAIPUR FOCO 25-APR-25 5 3. PVR KA MALL, JABALPUR FOCO 30-APR-25 4 4. PVR DIRECTOR'S CUT, MALL OF INDIA, NOIDA (1) ASSET LIGHT 2-MAY-25 5 NEW SCREENS OPENED
Slide 29: Update on Capital Light Model
UPDATE ON CAPITAL LIGHT MODEL 149 SCREENS ARE ASSET LIGHT 95 CURRENTLY SIGNED 54 FOCO UNDER THE CAPITAL LIGHT MODEL INVESTOR UPDATE : Q3 & 9M FY’26 28
Slide 30: Diversified Network of 1,791 Screens
DIVERSIFIED NETWORK OF 1,791 SCREENS IN 112 CITIES LADAKH 1 CINEMA | 2 SCREENS PUNJAB JAMMU & KASHMIR 17 CINEMAS | 90 SCREENS 2 CINEMAS | 5 SCREENS East CHANDIGARH UTTARAKHAND 3 CINEMAS | 15 SCREENS 3 CINEMAS | 16 SCREENS HARYANA UTTAR PRADESH 8% 21 CINEMAS | 97 SCREENS 27 CINEMAS | 143 SCREENS SOUT
Slide 31: Content Lineup
INVESTOR UPDATE : Q3 & 9M FY’26 CONTENT LINEUP
Slide 32: Content Lineup
CONTENT LINEUP INVESTOR UPDATE : Q3 & 9M FY’26 31
Slide 33: Content Lineup
CONTENT LINEUP INVESTOR UPDATE : Q3 & 9M FY’26 32
Slide 34: Content Lineup
CONTENT LINEUP INVESTOR UPDATE : Q3 & 9M FY’26 33
Slide 35: Content Lineup
CONTENT LINEUP INVESTOR UPDATE : Q3 & 9M FY’26 34
Slide 36: Content Lineup
CONTENT LINEUP INVESTOR UPDATE : Q3 & 9M FY’26 35
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Slide 38: INORBIT Cyberabad - Hyderabad
INVESTOR UPDATE : Q3 & 9M FY’26 INORBIT CYBERABAD 37 - HYDERABAD
Slide 39: INORBIT Cyberabad - Hyderabad
INVESTOR UPDATE : Q3 & 9M FY’26 INORBIT CYBERABAD 38 - HYDERABAD
Slide 40: PVR INOX Leh (FOCO Cinema)
INVESTOR UPDATE : Q3 & 9M FY’26 PVR INOX LEH 39 (FOCO Cinema)
Slide 41: PVR INOX Leh (FOCO Cinema)
INVESTOR UPDATE : Q3 & 9M FY’26 PVR INOX LEH 40 (FOCO Cinema)
Slide 42: Odeon Hyderabad (Asset Light)
INVESTOR UPDATE : Q3 & 9M FY’26 ODEON HYDERABAD 41 (Asset Light)
Slide 43: Odeon Hyderabad (Asset Light)
INVESTOR UPDATE : Q3 & 9M FY’26 ODEON HYDERABAD 42 (Asset Light)
Slide 44: M5 Ecity Mall - Bengaluru
INVESTOR UPDATE : Q3 & 9M FY’26 M5 ECITY MALL - BENGALURU
Slide 45: M5 Ecity Mall – Bengaluru (Dine In Format)
M5 ECITY MALL – BENGALURU (DINE IN Format)