PVR Inox delivered exceptional financial results for Q4 FY26, achieving a consolidated net profit of ₹187 crore, marking a significant turnaround from a net loss of ₹125 crore in Q4 FY25. According to latest regulatory filings, this represents a complete reversal in the company's financial performance over the year. The company's revenue performance also showed robust growth, rising 25.8% year-over-year to ₹1,547.3 crore during the quarter, demonstrating strong operational performance across PVR Inox's business segments.
The company's revenue growth of 25.8% year-over-year to ₹1,547.3 crore demonstrates strong operational performance across PVR Inox's business segments. As reported in the latest regulatory filing, EBITDA advanced 56.12% to ₹452 crore in the quarter under review, compared to ₹289 crore a year back, with EBITDA margin standing at 29.20% vs 23.53% previously. The company's average ticket price (ATP) stood at ₹315 per person in Q4, representing a growth of 22% year-over-year, while average F&B spend per head was at ₹165, showing a YoY growth of 32%. During the quarter, the firm recorded 31 million admissions with a 2% YoY growth and achieved 37% increase in ticket sales, 33% rise in food & beverage sales, and 15% surge in advertisement income compared to the same period last year.
According to the latest financial data, revenue from the "movie exhibition" segment rose 26.8% to ₹1,571.7 crore, while revenue from the "movie production and distribution" segment declined 7.8% year-on-year to ₹75.6 crore in Q4FY26. The company's advertising revenue grew 14.8% year-on-year to ₹1,104 million, though it still stands at 65-70% of pre-COVID levels. Food and beverage (F&B) revenue grew 26% to ₹4.8 billion, demonstrating strong performance across all revenue streams. During FY26, PVR Inox added 93 new screens across 17 cinemas, including 22 screens in six cinemas under the FOCO model and 29 screens across four cinemas under the asset-light model.
PVR Inox continued its aggressive expansion strategy during Q4 FY26, adding 31 new screen openings across 5 cinemas, including 4 screens in 1 cinema under the FOCO model and 18 screens in 3 cinemas under the asset-light model. As of March 2026, the multiplex chain now runs 359 cinemas with 1,798 screens across 113 cities, significantly expanding its footprint. The company's Q4 FY2026 posted the highest-ever fourth-quarter collections, backed by strong content slate including titles like Dhurandhar – The Revenge, Border 2, and Project Hail Mary, among others. This expansion strategy aligns with the company's capital-light approach and strengthened balance sheet positioning for sustainable growth.
Despite the strong financial performance, PVR Inox shares were trading at ₹1,026.15, down 4.5% following the results announcement, as reported by ET Now. However, brokerage Nirmal Bang has maintained a BUY rating with a price target of ₹1,340, indicating an upside potential of 30.5% from current levels. The brokerage noted that PVR Inox delivered steady performance in Q4FY26, which management considers its strongest fiscal year, with revenue increasing slightly above consensus estimates. The company's market valuation stands at ₹10,076.79 crore, and the brokerage remains positive on the recovery in the exhibition business and discretionary consumption trends in FY27, despite near-term softness in advertising revenue across urban markets.
