 "A file photo of cinema-goers wearing 3D glasses watch a movie at a PVR Multiplex in Mumbai")
Most segments within the consumption space have reported a slowdown in volume growth in the March quarter. However, the multiplex segment has been an outlier, posting strong growth. Stocks of the two listed multiplex majors — PVR and Inox Leisure (Inox) — rallied 18-36 per cent in the last three months, outpacing the S&P BSE FMCG and the Nifty Consumption indices where gains were limited to about 2 per cent during this period. While analysts are uncertain about demand growth in the consumer space, they believe PVR and Inox should see more gain on the bourses given the growth opportunity.
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