Lights, Camera, Action: PVR Inox set to star in a profitable sequel

Coming soon: Blockbuster content pipeline and asset-light model promise a box-office hit for investors

Since hitting lows in the first week of August, the stock of India’s largest multiplex operator, PVR Inox (PVR), has risen roughly 20 per cent, outperforming the benchmark S&P BSE Sensex, which gained 9 per cent during the same period. Following a muted April-June quarter (Q1) for 2024-25 (FY25), the improving sentiment for the stock can be attributed to a robust movie pipeline, which is expected to enhance collections in the July-September (Q2) and October-December (Q3) quarters, alongside expectations for deleveraging.

Q2 featured several blockbusters, including Kalki 2898 AD, Stree 2, Deadpool & Wolverine, and Raayan, among