PVR Inox
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PVR Inox said anonymous communications received in early April alleged impropriety by certain employees, after a report raised claims of ₹200 crore in kickbacks. The company said it engaged external experts for a preliminary assessment and found no evidence of kickbacks. It added that former CEO-Growth Pramod Arora resigned on May 4 for personal reasons and was not asked to leave. PVR Inox generated operating revenue of about ₹6,646 crore in FY26 and ended the year with net debt of roughly ₹162 crore.
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PVR Inox said anonymous communications received in early April alleged impropriety by certain employees, after a report raised claims of ₹200 crore in kickbacks. The company said it engaged external experts for a preliminary assessment and found no evidence of kickbacks. It added that former CEO-Growth Pramod Arora resigned on May 4 for personal reasons and was not asked to leave. PVR Inox generated operating revenue of about ₹6,646 crore in FY26 and ended the year with net debt of roughly ₹162 crore.
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Sept 7 (Reuters) - PVR INOX Ltd PVRL.NS:
CLARIFICATION ON NEWS ITEM ON INTERNAL PROBE INTO ALLEGED 2 BILLION RUPEES KICKBACK
PRELIMINARY EXAMINATION DID NOT INDICATE ANY EVIDENCE OF KICKBACKS
Source text: ID:nnAZN4TIO14
Further company coverage: PVRL.NS
(([email protected];))
Sept 7 (Reuters) - PVR INOX Ltd PVRL.NS:
CLARIFICATION ON NEWS ITEM ON INTERNAL PROBE INTO ALLEGED 2 BILLION RUPEES KICKBACK
PRELIMINARY EXAMINATION DID NOT INDICATE ANY EVIDENCE OF KICKBACKS
Source text: ID:nnAZN4TIO14
Further company coverage: PVRL.NS
(([email protected];))
PVR INOX opened its first SMART Cinema at ICON Plaza Mall in Muzaffarpur, Bihar, a four-screen property with 644 seats. The cinema features Christie’s 4K RGB laser projection, 7.1 surround sound and last-row recliner seating. The opening took PVR INOX’s Bihar network to 11 screens and its overall network to 1,785 screens at 356 properties in 114 cities across India and Sri Lanka. The company’s FY27 plan included 100–120 gross screen additions, while 138 capital-light screens had been signed for execution over 18 months.
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PVR INOX opened its first SMART Cinema at ICON Plaza Mall in Muzaffarpur, Bihar, a four-screen property with 644 seats. The cinema features Christie’s 4K RGB laser projection, 7.1 surround sound and last-row recliner seating. The opening took PVR INOX’s Bihar network to 11 screens and its overall network to 1,785 screens at 356 properties in 114 cities across India and Sri Lanka. The company’s FY27 plan included 100–120 gross screen additions, while 138 capital-light screens had been signed for execution over 18 months.
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** Shares of India's PVR Inox PVRL.NS rise as much as 3% to 1,244 rupees; stock last up 1.7%
** Multiplex operator approves buyback of up to 2.07 million shares at 1,450 rupees/share for aggregate amount of up to 3 billion rupees ($31.6 million) - a 20.1% premium to last close
** Record date set for Sept 4 to determine shareholders eligible to participate in buyback
** Stock rated "buy" on average by 16 analysts; median PT is 1,350 rupees - LSEG-compiled data
** Stock up 21% YTD
($1 = 94.8850 Indian rupees)
(Reporting by Payel Das in Bengaluru)
** Shares of India's PVR Inox PVRL.NS rise as much as 3% to 1,244 rupees; stock last up 1.7%
** Multiplex operator approves buyback of up to 2.07 million shares at 1,450 rupees/share for aggregate amount of up to 3 billion rupees ($31.6 million) - a 20.1% premium to last close
** Record date set for Sept 4 to determine shareholders eligible to participate in buyback
** Stock rated "buy" on average by 16 analysts; median PT is 1,350 rupees - LSEG-compiled data
** Stock up 21% YTD
($1 = 94.8850 Indian rupees)
(Reporting by Payel Das in Bengaluru)
PVR INOX approved a buyback of up to 20,68,965 equity shares at ₹1,450 each, for an aggregate amount of up to ₹300 crore. The offer represented 2.11% of the company’s paid-up equity capital and 4.09% of its standalone capital and free reserves. Promoters and members of the promoter group indicated their intention to participate, and September 4, 2026 was fixed as the record date. The board’s August 25 notice had scheduled the buyback proposal for consideration at the August 31 meeting. PVR INOX reported FY26 operating revenue of ₹6,646.2 crore, continuing profit after tax of ₹176.1 crore and net debt of ₹161.9 crore.
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PVR INOX approved a buyback of up to 20,68,965 equity shares at ₹1,450 each, for an aggregate amount of up to ₹300 crore. The offer represented 2.11% of the company’s paid-up equity capital and 4.09% of its standalone capital and free reserves. Promoters and members of the promoter group indicated their intention to participate, and September 4, 2026 was fixed as the record date. The board’s August 25 notice had scheduled the buyback proposal for consideration at the August 31 meeting. PVR INOX reported FY26 operating revenue of ₹6,646.2 crore, continuing profit after tax of ₹176.1 crore and net debt of ₹161.9 crore.
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Aug 31 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX LTD - APPROVED BUYBACK OF SHARES WORTH UP TO 3 BILLION RUPEES
PVR INOX LTD - APPROVED BUYBACK OF UP TO 2.1 MILLION SHARES AT 1,450 RUPEES/SHARE
PVR INOX LTD - BOARD NOTED INTENTION OF PROMOTERS TO PARTICIPATE IN THE BUYBACK
Source text: [ID:]
Further company coverage: PVRL.NS
(([email protected];;))
Aug 31 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX LTD - APPROVED BUYBACK OF SHARES WORTH UP TO 3 BILLION RUPEES
PVR INOX LTD - APPROVED BUYBACK OF UP TO 2.1 MILLION SHARES AT 1,450 RUPEES/SHARE
PVR INOX LTD - BOARD NOTED INTENTION OF PROMOTERS TO PARTICIPATE IN THE BUYBACK
Source text: [ID:]
Further company coverage: PVRL.NS
(([email protected];;))
PVR INOX scheduled a board meeting for August 31, 2026, to consider a proposal to buy back its equity shares. It said the outcome would be communicated after the meeting. The company had reduced net debt to ₹161.9 crore at the end of FY26 from ₹952.2 crore a year earlier. It had guided for about ₹350 crore of FY27 capital expenditure, including new screens, renovations, maintenance and a food-court joint-venture investment.
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PVR INOX scheduled a board meeting for August 31, 2026, to consider a proposal to buy back its equity shares. It said the outcome would be communicated after the meeting. The company had reduced net debt to ₹161.9 crore at the end of FY26 from ₹952.2 crore a year earlier. It had guided for about ₹350 crore of FY27 capital expenditure, including new screens, renovations, maintenance and a food-court joint-venture investment.
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PVR INOX said its board was scheduled to meet on August 31, 2026, to consider a proposal to buy back equity shares. No size, price or structure was specified for the proposed buyback. Net debt stood at ₹161.9 crore at the end of FY26, down from ₹952.2 crore a year earlier, and management described the company as effectively debt-free or net cash positive in July. FY27 capital expenditure was guided at about ₹350 crore, covering new screens, renovations, maintenance and a food-court joint-venture investment.
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PVR INOX said its board was scheduled to meet on August 31, 2026, to consider a proposal to buy back equity shares. No size, price or structure was specified for the proposed buyback. Net debt stood at ₹161.9 crore at the end of FY26, down from ₹952.2 crore a year earlier, and management described the company as effectively debt-free or net cash positive in July. FY27 capital expenditure was guided at about ₹350 crore, covering new screens, renovations, maintenance and a food-court joint-venture investment.
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Aug 25 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX LTD - TO CONSIDER PROPOSAL FOR BUYBACK OF SHARES
Source text: ID:nBSE6ZFq9N
Further company coverage: PVRL.NS
(([email protected];))
Aug 25 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX LTD - TO CONSIDER PROPOSAL FOR BUYBACK OF SHARES
Source text: ID:nBSE6ZFq9N
Further company coverage: PVRL.NS
(([email protected];))
July 23 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX Q1 CONSOL NET PROFIT 565 MILLION RUPEES
PVR INOX Q1 CONSOL REVENUE FROM OPERATIONS 16.22 BILLION RUPEES
Further company coverage: PVRL.NS
(([email protected];))
July 23 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX Q1 CONSOL NET PROFIT 565 MILLION RUPEES
PVR INOX Q1 CONSOL REVENUE FROM OPERATIONS 16.22 BILLION RUPEES
Further company coverage: PVRL.NS
(([email protected];))
** Multiplex operator PVR INOX PVRL.NS falls about 2.5% amid broader market weakness
** Ambit (maintains "Buy", PT: 1,341 rupees) says 55% of new screen additions are asset-light, supporting capital efficiency, higher returns
** Raises EBITDA estimates for FY27-FY29 by 15%-16%, citing stronger ad revenue, improved profitability
** UBS (keeps "Buy", PT: 1,350 rupees) says operating trends improving with revenue growth; rising occupancy expected at 25%-26% for FY27-28
** Investec (maintains "Buy", PT: 1,440 rupees) expects PAT growth from higher earnings, lower costs; stronger ad income in H2FY27, supported by larger titles' release
** PVRL rated "buy" on average by 15 analysts, median PT at 1,320 rupees - LSEG-compiled data
** PVRL posted Q4 profit vs year-ago's net loss; revenue from ops rose 25.8% y/y, led by higher per-customer spending
($1 = 95.3000 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru)
(([email protected];))
** Multiplex operator PVR INOX PVRL.NS falls about 2.5% amid broader market weakness
** Ambit (maintains "Buy", PT: 1,341 rupees) says 55% of new screen additions are asset-light, supporting capital efficiency, higher returns
** Raises EBITDA estimates for FY27-FY29 by 15%-16%, citing stronger ad revenue, improved profitability
** UBS (keeps "Buy", PT: 1,350 rupees) says operating trends improving with revenue growth; rising occupancy expected at 25%-26% for FY27-28
** Investec (maintains "Buy", PT: 1,440 rupees) expects PAT growth from higher earnings, lower costs; stronger ad income in H2FY27, supported by larger titles' release
** PVRL rated "buy" on average by 15 analysts, median PT at 1,320 rupees - LSEG-compiled data
** PVRL posted Q4 profit vs year-ago's net loss; revenue from ops rose 25.8% y/y, led by higher per-customer spending
($1 = 95.3000 Indian rupees)
(Reporting by Bipasha Dey in Bengaluru)
(([email protected];))
BENGALURU, May 11 (Reuters) - Diary of India economic, corporate events on May 11
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
11-May-2026 | NTS | PVRL.NS | PVR INOX Ltd | Q4 2026 PVR INOX Ltd Earnings Release |
11-May-2026 | NTS | IHTL.NS | Indian Hotels Company Ltd | Q4 2026 Indian Hotels Company Ltd Earnings Release |
11-May-2026 | NTS | JBMA.NS | JBM Auto Ltd | Q4 2026 JBM Auto Ltd Earnings Release |
11-May-2026 | NTS | UPLL.NS | UPL Ltd | Q4 2026 UPL Ltd Earnings Release |
11-May-2026 | NTS | JBCH.NS | J B Chemicals and Pharmaceuticals Ltd | Q4 2026 J B Chemicals and Pharmaceuticals Ltd Earnings Release |
11-May-2026 | NTS | JSWE.NS | JSW Energy Ltd | Q4 2026 JSW Energy Ltd Earnings Release |
11-May-2026 | NTS | CNBK.NS | Canara Bank Ltd | Q4 2026 Canara Bank Ltd Earnings Release |
11-May-2026 | NTS | ABOT.NS | Abbott India Ltd | Q4 2026 Abbott India Ltd Earnings Release |
11-May-2026 | NTS | SYRM.NS | Syrma SGS Technology Ltd | Q4 2026 Syrma SGS Technology Ltd Earnings Release |
11-May-2026 | NTS | THEE.NS | New India Assurance Company Ltd | Q4 2026 New India Assurance Company Ltd Earnings Release |
11-May-2026 | NTS | ANRA.NS | Anant Raj Ltd | Q4 2026 Anant Raj Ltd Earnings Release |
11-May-2026 | 12:00 | BRLC.NS | Birla Corporation Ltd | Q4 2026 Birla Corporation Ltd Earnings Release |
NTS - 'No time scheduled'
(Compiled by Bengaluru Newsroom)
BENGALURU, May 11 (Reuters) - Diary of India economic, corporate events on May 11
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
11-May-2026 | NTS | PVRL.NS | PVR INOX Ltd | Q4 2026 PVR INOX Ltd Earnings Release |
11-May-2026 | NTS | IHTL.NS | Indian Hotels Company Ltd | Q4 2026 Indian Hotels Company Ltd Earnings Release |
11-May-2026 | NTS | JBMA.NS | JBM Auto Ltd | Q4 2026 JBM Auto Ltd Earnings Release |
11-May-2026 | NTS | UPLL.NS | UPL Ltd | Q4 2026 UPL Ltd Earnings Release |
11-May-2026 | NTS | JBCH.NS | J B Chemicals and Pharmaceuticals Ltd | Q4 2026 J B Chemicals and Pharmaceuticals Ltd Earnings Release |
11-May-2026 | NTS | JSWE.NS | JSW Energy Ltd | Q4 2026 JSW Energy Ltd Earnings Release |
11-May-2026 | NTS | CNBK.NS | Canara Bank Ltd | Q4 2026 Canara Bank Ltd Earnings Release |
11-May-2026 | NTS | ABOT.NS | Abbott India Ltd | Q4 2026 Abbott India Ltd Earnings Release |
11-May-2026 | NTS | SYRM.NS | Syrma SGS Technology Ltd | Q4 2026 Syrma SGS Technology Ltd Earnings Release |
11-May-2026 | NTS | THEE.NS | New India Assurance Company Ltd | Q4 2026 New India Assurance Company Ltd Earnings Release |
11-May-2026 | NTS | ANRA.NS | Anant Raj Ltd | Q4 2026 Anant Raj Ltd Earnings Release |
11-May-2026 | 12:00 | BRLC.NS | Birla Corporation Ltd | Q4 2026 Birla Corporation Ltd Earnings Release |
NTS - 'No time scheduled'
(Compiled by Bengaluru Newsroom)
** PVR INOX PVRL.NS shares rise 5.3% to 1,073 rupees, set for their best session since early January
** Brokerage Ambit Capital raises rating to "buy" from "sell" and TP to 1,232 rupees, a 21% upside to stock's last close
** Says newer capex models should limit PVR Inox's FY27–30 capex to 20% of post-rent EBITDA versus 100% in FY24–25, enabling 10% FCF CAGR in FY26–30 without equity dilution risk
** Brokerage believes this level is sustainable because mall owners have limited alternative cinema-exhibition partners to fall back on
** Expects occupancy levels to stay about 26% for the next decade
** Says slowing OTT funding has halved direct OTT releases and expects PVR Inox to benefit from these funding constraints, as platforms increasingly license films only after box-office performance, easing content pressure and occupancy volatility
** YTD, PVRL up 4.4%
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** PVR INOX PVRL.NS shares rise 5.3% to 1,073 rupees, set for their best session since early January
** Brokerage Ambit Capital raises rating to "buy" from "sell" and TP to 1,232 rupees, a 21% upside to stock's last close
** Says newer capex models should limit PVR Inox's FY27–30 capex to 20% of post-rent EBITDA versus 100% in FY24–25, enabling 10% FCF CAGR in FY26–30 without equity dilution risk
** Brokerage believes this level is sustainable because mall owners have limited alternative cinema-exhibition partners to fall back on
** Expects occupancy levels to stay about 26% for the next decade
** Says slowing OTT funding has halved direct OTT releases and expects PVR Inox to benefit from these funding constraints, as platforms increasingly license films only after box-office performance, easing content pressure and occupancy volatility
** YTD, PVRL up 4.4%
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
Indian studios use AI to cut costs, speed production, despite mixed audience reactions
AI dubbing addresses India's language diversity, enabling seamless translations
Google, Microsoft, Nvidia partner with Indian filmmakers to advance AI-driven storytelling
By Munsif Vengattil
BENGALURU, April 4 (Reuters) - Welcome to the new-look movie set, where the quiet hum of a coding floor has replaced the cacophony of cameras, clapperboards and shouted directions.
The Collective Artists Network, a top talent agency for Bollywood A-listers, has long brokered the careers of real-life superstars. Now, it’s engineering digital ones. In its Bengaluru premises, filmmakers use artificial intelligence tools to create content based on Hindu mythology – a popular genre in India. One movie, based on the religious text “Ramayana,” has a scene showing the god Hanuman flying while carrying a mountain. A show based on a separate ancient epic, “Mahabharat,” features a sequence depicting the princess Gandhari, who blindfolded herself upon marrying a blind king.
India produces the most movies of any country, and stars such as Shah Rukh Khan and Amitabh Bachchan command cult-like followings. But shifting audience habits, including the rise of streaming, are squeezing production budgets, many industry players say. The number of moviegoers fell to 832 million in 2025 from 1.03 billion in 2019, according to consulting firm Ormax Media. While box-office sales hit a record $1.4 billion last year, revenue has been choppy since the pandemic and reliant on a handful of hits and pricier tickets.
(To view the story on Reuters.com, go to https://www.reuters.com/technology/ai-is-rewiring-worlds-most-prolific-film-industry-2026-04-04/)
Studios in India are responding by deploying AI at a scale unseen elsewhere: creating full-fledged AI-generated films; using AI dubbing to release movies in numerous languages; and recutting endings of older titles to eke out additional sales. In the process, they are reshaping the economics of filmmaking, compressing production timelines, and pitting AI-driven efficiency against a recurring problem: Audiences have often reviewed AI content harshly, even when it sells.
“AI is slashing production costs to one-fifth of what they used to be for traditional filmmaking in genres such as mythology and fantasy,” said Rahul Regulapati, who heads Collective’s AI studio, known as Galleri5. And production time? “Down to a quarter,” he said.
The approach differs from Hollywood, where union contracts and fears of job displacement have constrained studios’ use of the technology. In India, at least one major production house is reviewing its entire library for AI re-releases, and Google GOOGL.O, Microsoft MSFT.O and Nvidia NVDA.O have made early bets by partnering with local filmmakers.
Previous reporting has explored how Indian filmmakers are harnessing AI, and India’s divergence with Hollywood. But Reuters is detailing for the first time the extent to which India’s film industry is reorganizing itself around AI and the economics driving the shift. Reuters visited two AI studios and tested moviemaking tools, attended film festivals and interviewed 25 people for this story, including directors, studio heads, industry executives and startup figures.
American and British studios have experimented with AI filmmaking – producing the first full-length AI animated features in 2024 and an AI-powered immersive version of “The Wizard of Oz” last year.
But the ambitions of India’s filmmakers are on a different level, said Dominic Lees, a film and AI researcher at Britain’s University of Reading. “If they can deliver, then the shift in AI filmmaking will be to India,” he said.
The pivot to AI reflects India’s embrace of the technology broadly. Last year, Reuters detailed India’s wager that leaning in to AI will create enough opportunities to offset shorter-term disruption. AI could boost Indian media and entertainment firms’ revenue by 10% and reduce costs by 15% over the medium term, according to analysis by consulting firm EY.
Vikram Malhotra, founder of Abundantia Entertainment, told Reuters the Bollywood production house, which recently announced investment in an $11 million AI studio, is building its AI capability from scratch and expects content generated or assisted by AI to account for one-third of its revenue within three years.
NEW ENDINGS FOR OLD DRAMAS
Last year, India’s Eros Media World re-released a 2013 hit, “Raanjhanaa,” with an AI-altered twist. It replaced a tragic ending, in which the protagonist died, with a happier finale where he opens his eyes to the surprise of his lover, who smiles through tears.
The rewrite drew backlash. Dhanush, the lead actor, who goes by one name professionally, said on X that the AI remake had “stripped the film of its very soul” and set a “deeply concerning precedent for both art and artists.”
Still, the re-release of “Raanjhanaa” drew audiences. India’s largest cinema chain, PVR Inox PVRL.NS, told Reuters that 35% of available tickets to the Tamil-language version of the movie were sold during its release month, August. That was 12 percentage points higher than the average in 2025.
Now, Eros is going further: Pradeep Dwivedi, its group CEO, told Reuters the studio is reviewing its 3,000-title catalog “to identify candidates for AI-assisted adaptation.” The group’s Indian unit, Eros International, last year warned of “competition from digital platforms” as its consolidated annual revenue from operations fell 44%.
“It’s both a revenue opportunity and a creative renewal strategy,” Dwivedi said of the plans for AI rewrites.
In Hollywood, such alterations would face barriers. Under an agreement with U.S. actors’ union SAG-AFTRA, studios cannot digitally alter an actor’s performance or create a digital replica without the performer’s informed consent. The Directors Guild of America contract bars studios from using AI for creative decisions without consulting the director and prevents AI from doing the work of its members.
Indian studios, by contrast, are pushing into aggressive experiments using AI, including in Hindu mythological tales – big business in a country with millions of devout followers. Collective is planning eight AI-generated titles focused on deities such as Hanuman, Krishna, Durga and Kali.
JioStar, a media joint venture between billionaire Mukesh Ambani’s Reliance RELI.NS and Walt Disney DIS.N, has been airing an AI-generated adaptation of the ancient Hindu epic “Mahabharat” – the first episodic series to emerge from Collective's cinematic AI lab.
The AI rendition of the tale about a dynastic war between princes has recorded at least 26.5 million views since its October release on JioStar’s streaming platform, the company told Reuters. An earlier TV adaptation drew 200 million viewers between 1988 and 1990.
The show has faced a rocky reception with audiences, however. “Mahabharat” holds a rating of 1.4 out of 10 on IMDb, with some reviewers criticizing lip-sync issues and others saying some sequences felt low-quality or lacked authenticity due to unnatural styling.
Alok Jain, a senior executive at JioStar, told Reuters the response “has been a mix of appreciation and healthy debate, which is natural for any ambitious creative leap.” He said JioStar is exploring making original stories in AI format.
Some industry figures lament the rise of AI in filmmaking. Jonathan Taplin, an American writer and producer who has worked with Hollywood studios, said the use of AI to create entire feature films is “an affront to the whole history of cinema.”
“It will fill your cinemas and screens with formula slop,” he said.
DUBBING WITH AI
Dubbing may offer a smoother path to acceptance of AI in film.
India’s 22 official languages and hundreds of dialects split the country into micro-markets, making dubbing essential for any movie to become a national blockbuster. Audiences have long griped about mismatched lip movement – a problem AI is beginning to address.
During a Reuters visit to NeuralGarage, an AI startup in Bengaluru that provides dubbing for top studios like Yash Raj Films, co-founder Subhabrata Debnath demonstrated a clip of an AI-generated character speaking in English. He then superimposed a German audio track, and within minutes the character was speaking fluent German, lips and jaw in sync.
Debnath said the technology preserves “the performance, identity and the speaking style of the person” while altering the face enough to make the dubbing look natural.
NeuralGarage’s AI technology was used last year to dub Yash Raj’s Hindi movie “War 2” into the Telugu language of south India. The production house didn’t respond to Reuters questions.
TECH MAJORS MEET THE RED CARPET
Global tech majors also want a piece of the action.
Google partnered with Bollywood director Shakun Batra in August to produce a five-part cinematic series using its Veo 3 video-generation and Flow AI tools to experiment with AI-powered filmmaking. Mira Lane, Google’s vice president of technology and society, told Reuters that AI could also allow independent artists to create complex sequences that “might otherwise be out of reach due to budget or logistical constraints.”
Collective has been working with Microsoft, which told Reuters it is providing AI computing power to help “shape the next wave of global storytelling” through such collaborations.
To bypass the limitations of standard text prompts, Collective uses a hybrid of physical recording and digital animation. Actors wear sensor-equipped motion-capture suits to record body movements as 3D data, while smartphones capture facial expressions. This data is fed into the AI pipeline, allowing for nuanced control over the AI-generated characters.
The ripples are reaching beyond the studio. Globally, festivals dedicated to screening AI-generated shorts have proliferated in cities including Los Angeles, Cannes, and Barcelona. India’s first took place in November at Mumbai’s Royal Opera House, where young storytellers walked the red carpet alongside a dancing robot.
And in February, Nvidia shared the stage with aspiring AI filmmakers at the second edition of India’s AI film fest in New Delhi. Pradeep Gupta, a global vice president of Nvidia, told the audience the company is working to slash computing costs so that anyone can “create something substantial without putting a lot of money” into production.
Anurag Kashyap, a Bollywood director, told Reuters he is concerned about the growth of AI in filmmaking in India and the lack of guardrails around its use. But he grudgingly conceded the economic case for studios to deploy the technology.
“In India, cinema isn’t about art. It’s purely business, so studios are going to use it to make mythologicals,” Kashyap said of AI. “Our audience is a sucker for it.”
India's cinema audiences shrink https://www.reuters.com/graphics/INDIA-AI/BOLLYWOOD/egvbeowmjpq/chart.png
(Reporting by Munsif Vengattil in Bengaluru and Mumbai. Additional reporting by Hritam Mukherjee and Sunil Kataria. Editing by Aditya Kalra and David Crawshaw.)
(([email protected];))
Indian studios use AI to cut costs, speed production, despite mixed audience reactions
AI dubbing addresses India's language diversity, enabling seamless translations
Google, Microsoft, Nvidia partner with Indian filmmakers to advance AI-driven storytelling
By Munsif Vengattil
BENGALURU, April 4 (Reuters) - Welcome to the new-look movie set, where the quiet hum of a coding floor has replaced the cacophony of cameras, clapperboards and shouted directions.
The Collective Artists Network, a top talent agency for Bollywood A-listers, has long brokered the careers of real-life superstars. Now, it’s engineering digital ones. In its Bengaluru premises, filmmakers use artificial intelligence tools to create content based on Hindu mythology – a popular genre in India. One movie, based on the religious text “Ramayana,” has a scene showing the god Hanuman flying while carrying a mountain. A show based on a separate ancient epic, “Mahabharat,” features a sequence depicting the princess Gandhari, who blindfolded herself upon marrying a blind king.
India produces the most movies of any country, and stars such as Shah Rukh Khan and Amitabh Bachchan command cult-like followings. But shifting audience habits, including the rise of streaming, are squeezing production budgets, many industry players say. The number of moviegoers fell to 832 million in 2025 from 1.03 billion in 2019, according to consulting firm Ormax Media. While box-office sales hit a record $1.4 billion last year, revenue has been choppy since the pandemic and reliant on a handful of hits and pricier tickets.
(To view the story on Reuters.com, go to https://www.reuters.com/technology/ai-is-rewiring-worlds-most-prolific-film-industry-2026-04-04/)
Studios in India are responding by deploying AI at a scale unseen elsewhere: creating full-fledged AI-generated films; using AI dubbing to release movies in numerous languages; and recutting endings of older titles to eke out additional sales. In the process, they are reshaping the economics of filmmaking, compressing production timelines, and pitting AI-driven efficiency against a recurring problem: Audiences have often reviewed AI content harshly, even when it sells.
“AI is slashing production costs to one-fifth of what they used to be for traditional filmmaking in genres such as mythology and fantasy,” said Rahul Regulapati, who heads Collective’s AI studio, known as Galleri5. And production time? “Down to a quarter,” he said.
The approach differs from Hollywood, where union contracts and fears of job displacement have constrained studios’ use of the technology. In India, at least one major production house is reviewing its entire library for AI re-releases, and Google GOOGL.O, Microsoft MSFT.O and Nvidia NVDA.O have made early bets by partnering with local filmmakers.
Previous reporting has explored how Indian filmmakers are harnessing AI, and India’s divergence with Hollywood. But Reuters is detailing for the first time the extent to which India’s film industry is reorganizing itself around AI and the economics driving the shift. Reuters visited two AI studios and tested moviemaking tools, attended film festivals and interviewed 25 people for this story, including directors, studio heads, industry executives and startup figures.
American and British studios have experimented with AI filmmaking – producing the first full-length AI animated features in 2024 and an AI-powered immersive version of “The Wizard of Oz” last year.
But the ambitions of India’s filmmakers are on a different level, said Dominic Lees, a film and AI researcher at Britain’s University of Reading. “If they can deliver, then the shift in AI filmmaking will be to India,” he said.
The pivot to AI reflects India’s embrace of the technology broadly. Last year, Reuters detailed India’s wager that leaning in to AI will create enough opportunities to offset shorter-term disruption. AI could boost Indian media and entertainment firms’ revenue by 10% and reduce costs by 15% over the medium term, according to analysis by consulting firm EY.
Vikram Malhotra, founder of Abundantia Entertainment, told Reuters the Bollywood production house, which recently announced investment in an $11 million AI studio, is building its AI capability from scratch and expects content generated or assisted by AI to account for one-third of its revenue within three years.
NEW ENDINGS FOR OLD DRAMAS
Last year, India’s Eros Media World re-released a 2013 hit, “Raanjhanaa,” with an AI-altered twist. It replaced a tragic ending, in which the protagonist died, with a happier finale where he opens his eyes to the surprise of his lover, who smiles through tears.
The rewrite drew backlash. Dhanush, the lead actor, who goes by one name professionally, said on X that the AI remake had “stripped the film of its very soul” and set a “deeply concerning precedent for both art and artists.”
Still, the re-release of “Raanjhanaa” drew audiences. India’s largest cinema chain, PVR Inox PVRL.NS, told Reuters that 35% of available tickets to the Tamil-language version of the movie were sold during its release month, August. That was 12 percentage points higher than the average in 2025.
Now, Eros is going further: Pradeep Dwivedi, its group CEO, told Reuters the studio is reviewing its 3,000-title catalog “to identify candidates for AI-assisted adaptation.” The group’s Indian unit, Eros International, last year warned of “competition from digital platforms” as its consolidated annual revenue from operations fell 44%.
“It’s both a revenue opportunity and a creative renewal strategy,” Dwivedi said of the plans for AI rewrites.
In Hollywood, such alterations would face barriers. Under an agreement with U.S. actors’ union SAG-AFTRA, studios cannot digitally alter an actor’s performance or create a digital replica without the performer’s informed consent. The Directors Guild of America contract bars studios from using AI for creative decisions without consulting the director and prevents AI from doing the work of its members.
Indian studios, by contrast, are pushing into aggressive experiments using AI, including in Hindu mythological tales – big business in a country with millions of devout followers. Collective is planning eight AI-generated titles focused on deities such as Hanuman, Krishna, Durga and Kali.
JioStar, a media joint venture between billionaire Mukesh Ambani’s Reliance RELI.NS and Walt Disney DIS.N, has been airing an AI-generated adaptation of the ancient Hindu epic “Mahabharat” – the first episodic series to emerge from Collective's cinematic AI lab.
The AI rendition of the tale about a dynastic war between princes has recorded at least 26.5 million views since its October release on JioStar’s streaming platform, the company told Reuters. An earlier TV adaptation drew 200 million viewers between 1988 and 1990.
The show has faced a rocky reception with audiences, however. “Mahabharat” holds a rating of 1.4 out of 10 on IMDb, with some reviewers criticizing lip-sync issues and others saying some sequences felt low-quality or lacked authenticity due to unnatural styling.
Alok Jain, a senior executive at JioStar, told Reuters the response “has been a mix of appreciation and healthy debate, which is natural for any ambitious creative leap.” He said JioStar is exploring making original stories in AI format.
Some industry figures lament the rise of AI in filmmaking. Jonathan Taplin, an American writer and producer who has worked with Hollywood studios, said the use of AI to create entire feature films is “an affront to the whole history of cinema.”
“It will fill your cinemas and screens with formula slop,” he said.
DUBBING WITH AI
Dubbing may offer a smoother path to acceptance of AI in film.
India’s 22 official languages and hundreds of dialects split the country into micro-markets, making dubbing essential for any movie to become a national blockbuster. Audiences have long griped about mismatched lip movement – a problem AI is beginning to address.
During a Reuters visit to NeuralGarage, an AI startup in Bengaluru that provides dubbing for top studios like Yash Raj Films, co-founder Subhabrata Debnath demonstrated a clip of an AI-generated character speaking in English. He then superimposed a German audio track, and within minutes the character was speaking fluent German, lips and jaw in sync.
Debnath said the technology preserves “the performance, identity and the speaking style of the person” while altering the face enough to make the dubbing look natural.
NeuralGarage’s AI technology was used last year to dub Yash Raj’s Hindi movie “War 2” into the Telugu language of south India. The production house didn’t respond to Reuters questions.
TECH MAJORS MEET THE RED CARPET
Global tech majors also want a piece of the action.
Google partnered with Bollywood director Shakun Batra in August to produce a five-part cinematic series using its Veo 3 video-generation and Flow AI tools to experiment with AI-powered filmmaking. Mira Lane, Google’s vice president of technology and society, told Reuters that AI could also allow independent artists to create complex sequences that “might otherwise be out of reach due to budget or logistical constraints.”
Collective has been working with Microsoft, which told Reuters it is providing AI computing power to help “shape the next wave of global storytelling” through such collaborations.
To bypass the limitations of standard text prompts, Collective uses a hybrid of physical recording and digital animation. Actors wear sensor-equipped motion-capture suits to record body movements as 3D data, while smartphones capture facial expressions. This data is fed into the AI pipeline, allowing for nuanced control over the AI-generated characters.
The ripples are reaching beyond the studio. Globally, festivals dedicated to screening AI-generated shorts have proliferated in cities including Los Angeles, Cannes, and Barcelona. India’s first took place in November at Mumbai’s Royal Opera House, where young storytellers walked the red carpet alongside a dancing robot.
And in February, Nvidia shared the stage with aspiring AI filmmakers at the second edition of India’s AI film fest in New Delhi. Pradeep Gupta, a global vice president of Nvidia, told the audience the company is working to slash computing costs so that anyone can “create something substantial without putting a lot of money” into production.
Anurag Kashyap, a Bollywood director, told Reuters he is concerned about the growth of AI in filmmaking in India and the lack of guardrails around its use. But he grudgingly conceded the economic case for studios to deploy the technology.
“In India, cinema isn’t about art. It’s purely business, so studios are going to use it to make mythologicals,” Kashyap said of AI. “Our audience is a sucker for it.”
India's cinema audiences shrink https://www.reuters.com/graphics/INDIA-AI/BOLLYWOOD/egvbeowmjpq/chart.png
(Reporting by Munsif Vengattil in Bengaluru and Mumbai. Additional reporting by Hritam Mukherjee and Sunil Kataria. Editing by Aditya Kalra and David Crawshaw.)
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March 20 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX LTD - OPENS 4-SCREEN MULTIPLEX AT ANJANA CENTRAL, AGRA
Source text: ID:nNSE31s3bT
Further company coverage: PVRL.NS
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March 20 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX LTD - OPENS 4-SCREEN MULTIPLEX AT ANJANA CENTRAL, AGRA
Source text: ID:nNSE31s3bT
Further company coverage: PVRL.NS
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Feb 20 (Reuters) - PVR INOX Ltd PVRL.NS:
OPENS 7-SCREEN MULTIPLEX IN HUBBALLI, KARNATAKA
Source text: ID:nNSE4FJjJy
Further company coverage: PVRL.NS
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Feb 20 (Reuters) - PVR INOX Ltd PVRL.NS:
OPENS 7-SCREEN MULTIPLEX IN HUBBALLI, KARNATAKA
Source text: ID:nNSE4FJjJy
Further company coverage: PVRL.NS
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Feb 5 (Reuters) - India's largest multiplex operator PVR Inox PVRL.NS posted a nearly three-fold jump in quarterly profit on Thursday as a robust lineup of film releases and tax cuts boosted footfall.
Bollywood blockbuster "Dhurandhar" made a record 10 billion Indian rupees ($110 million) in overall sales, PVR Inox said, helping a 13% year-on-year growth in gross box office collections. Movies like "Avatar: Fire and Ash" also helped collections.
High footfalls are poised to continue until March 2026, supported by the government's consumption tax cut, Executive Director Sanjeev Bijli told Reuters in October.
The sector is emerging from a years-long slump in attendance due to weak urban spending, an uneven slate of blockbusters and growing competition from streaming platforms such as Netflix NFLX.O and Amazon's AMZN.O Prime.
To win audiences back, PVR Inox has been showing popular films like "Silsila" and "Jab We Met" and is offering discounted tickets on Tuesdays starting at around $1.
The cinema operator is also converting some movie halls into destinations for dining, gaming and co-working, to further drive footfalls.
PVR Inox's consolidated profit rose to 957 million rupees ($10.6 million) in the quarter ended December 31, from 359 million rupees a year ago.
The firm took a one-time charge of 446 million rupees related to India's new labour laws.
Footfall increased 8.6% year-on-year in the quarter, while occupancy improved by 277 basis points. Average ticket prices and food and beverage spends per head climbed by about 4% each.
($1 = 90.2200 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +91 9558725583;))
Feb 5 (Reuters) - India's largest multiplex operator PVR Inox PVRL.NS posted a nearly three-fold jump in quarterly profit on Thursday as a robust lineup of film releases and tax cuts boosted footfall.
Bollywood blockbuster "Dhurandhar" made a record 10 billion Indian rupees ($110 million) in overall sales, PVR Inox said, helping a 13% year-on-year growth in gross box office collections. Movies like "Avatar: Fire and Ash" also helped collections.
High footfalls are poised to continue until March 2026, supported by the government's consumption tax cut, Executive Director Sanjeev Bijli told Reuters in October.
The sector is emerging from a years-long slump in attendance due to weak urban spending, an uneven slate of blockbusters and growing competition from streaming platforms such as Netflix NFLX.O and Amazon's AMZN.O Prime.
To win audiences back, PVR Inox has been showing popular films like "Silsila" and "Jab We Met" and is offering discounted tickets on Tuesdays starting at around $1.
The cinema operator is also converting some movie halls into destinations for dining, gaming and co-working, to further drive footfalls.
PVR Inox's consolidated profit rose to 957 million rupees ($10.6 million) in the quarter ended December 31, from 359 million rupees a year ago.
The firm took a one-time charge of 446 million rupees related to India's new labour laws.
Footfall increased 8.6% year-on-year in the quarter, while occupancy improved by 277 basis points. Average ticket prices and food and beverage spends per head climbed by about 4% each.
($1 = 90.2200 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +91 9558725583;))
Jan 26 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX LTD - APPROVES SALE OF 93.27% STAKE IN ZEA MAIZE PRIVATE LIMITED TO MARICO LIMITED
PVR INOX LTD - DEAL FOR 2.27 BILLION RUPEES
Source text: ID:nBSE4Xrlq2
Further company coverage: PVRL.NS
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Jan 26 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX LTD - APPROVES SALE OF 93.27% STAKE IN ZEA MAIZE PRIVATE LIMITED TO MARICO LIMITED
PVR INOX LTD - DEAL FOR 2.27 BILLION RUPEES
Source text: ID:nBSE4Xrlq2
Further company coverage: PVRL.NS
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Jan 23 (Reuters) - PVR INOX Ltd PVRL.NS:
OPENS 9-SCREEN MULTIPLEX IN HYDERABAD
Source text: ID:nNSE5wJhS5
Further company coverage: PVRL.NS
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Jan 23 (Reuters) - PVR INOX Ltd PVRL.NS:
OPENS 9-SCREEN MULTIPLEX IN HYDERABAD
Source text: ID:nNSE5wJhS5
Further company coverage: PVRL.NS
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Oct 17 (Reuters) - India's largest multiplex operator PVR Inox PVRL.NS swung to a profit in the second quarter as a robust lineup of film releases boosted theatre attendance, reversing a loss from a year ago.
Consolidated profit came in at 1.06 billion rupees ($12.05 million) in the July to September quarter. Last year, it reported a loss of 121 million rupees.
PVR Inox and its smaller peers typically face volatile earnings because blockbuster releases are uneven through the year and competition from streamers like Netflix and Amazon Prime remains stiff.
Still, the first half of the fiscal year was "one of the most remarkable periods in recent times," the company said, with 12 films in the second quarter alone topping 1 billion rupees in box office sales.
Bollywood blockbusters like "Saiyaara" and "Mahavatar Narsimha", made more than 4 billion and 3 billion rupees respectively in sales, PVR said, driving a 21% year on year growth in gross box office collections.
Hollywood movies like "Jurassic World: Rebirth" and "The Conjuring: Last Rites" also helped, the company, which is experimenting with converting the movie hall into a one-stop shop for dining, gaming and co-working, to further drive consumer footfalls, said.
Ticket sales in the second quarter increased by nearly 15% year-on-year, while occupancy improved by 302 basis points.
However, food and beverage spends per head declined marginally by 1.4% year-on-year, in a sign of still-muted urban demand for convenience food.
($1 = 87.9525 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected];))
Oct 17 (Reuters) - India's largest multiplex operator PVR Inox PVRL.NS swung to a profit in the second quarter as a robust lineup of film releases boosted theatre attendance, reversing a loss from a year ago.
Consolidated profit came in at 1.06 billion rupees ($12.05 million) in the July to September quarter. Last year, it reported a loss of 121 million rupees.
PVR Inox and its smaller peers typically face volatile earnings because blockbuster releases are uneven through the year and competition from streamers like Netflix and Amazon Prime remains stiff.
Still, the first half of the fiscal year was "one of the most remarkable periods in recent times," the company said, with 12 films in the second quarter alone topping 1 billion rupees in box office sales.
Bollywood blockbusters like "Saiyaara" and "Mahavatar Narsimha", made more than 4 billion and 3 billion rupees respectively in sales, PVR said, driving a 21% year on year growth in gross box office collections.
Hollywood movies like "Jurassic World: Rebirth" and "The Conjuring: Last Rites" also helped, the company, which is experimenting with converting the movie hall into a one-stop shop for dining, gaming and co-working, to further drive consumer footfalls, said.
Ticket sales in the second quarter increased by nearly 15% year-on-year, while occupancy improved by 302 basis points.
However, food and beverage spends per head declined marginally by 1.4% year-on-year, in a sign of still-muted urban demand for convenience food.
($1 = 87.9525 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru; Editing by Nivedita Bhattacharjee)
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** Shares of multiplex operator PVR Inox Ltd PVRL.NS rise nearly 2% to 1,109 rupees
** Shares set to snap a three-day losing streak, if current trend holds
** Co launches luxury dine-in cinema in Bengaluru
** Brokerage CLSA says festive season to allay concerns over multiplexes, sees PVRL occupancy rebuilding in near term
** PVRL stock rated "buy" on avg by analysts; median PT at 1,300 rupees, as per data compiled by LSEG
** YTD, PVRL stock down ~15% vs Nifty 500's .NIFTY500 3.4% rise
(Reporting by Komal Salecha)
(([email protected];))
** Shares of multiplex operator PVR Inox Ltd PVRL.NS rise nearly 2% to 1,109 rupees
** Shares set to snap a three-day losing streak, if current trend holds
** Co launches luxury dine-in cinema in Bengaluru
** Brokerage CLSA says festive season to allay concerns over multiplexes, sees PVRL occupancy rebuilding in near term
** PVRL stock rated "buy" on avg by analysts; median PT at 1,300 rupees, as per data compiled by LSEG
** YTD, PVRL stock down ~15% vs Nifty 500's .NIFTY500 3.4% rise
(Reporting by Komal Salecha)
(([email protected];))
** Shares of PVR Inox Ltd PVRL.NS climb 4.5% to 1,082 rupees, their highest since February 10
** India's largest multiplex operator reported a narrower Q1 loss on Wednesday as Hollywood hit 'F1: The Movie' drew more audiences
** Investec upgrades PVRL to "hold" and raises PT to 1,147 rupees from 996 rupees, citing improved earnings visibility on the back of a "solid content pipeline"
** Adds, PVRL's cost structure is aligned to the new reality of disruption from streaming services; raises FY26-27 earnings estimates by 8%-12%
** Analysts tracking stock rate it "buy" on average; median PT is 1,250 rupees - data compiled by LSEG
** Stock's YTD loss narrows to ~17%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of PVR Inox Ltd PVRL.NS climb 4.5% to 1,082 rupees, their highest since February 10
** India's largest multiplex operator reported a narrower Q1 loss on Wednesday as Hollywood hit 'F1: The Movie' drew more audiences
** Investec upgrades PVRL to "hold" and raises PT to 1,147 rupees from 996 rupees, citing improved earnings visibility on the back of a "solid content pipeline"
** Adds, PVRL's cost structure is aligned to the new reality of disruption from streaming services; raises FY26-27 earnings estimates by 8%-12%
** Analysts tracking stock rate it "buy" on average; median PT is 1,250 rupees - data compiled by LSEG
** Stock's YTD loss narrows to ~17%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Updates with details from executive interview in paragraphs 7-9
By Hritam Mukherjee
Aug 6 (Reuters) - India's PVR Inox PVRL.NS reported a sharply narrower quarterly loss on Wednesday as a strong box office slate, including Hollywood hit 'F1: The Movie', drew more audiences to theatres and boosted ticket and food sales.
India's largest multiplex operator, formed through the merger of PVR and Inox, reported a consolidated loss of 540 million rupees ($6.2 million) in the April-June quarter, compared with a loss of 1.79 billion rupees a year earlier.
Analysts, on an average, had expected a loss of 659.1 million rupees.
Footfalls in cinema halls have been pressured by weak urban consumption, an uneven slate of film releases and growing competition from streaming platforms.
To bring audiences back, PVR has been offering discounted weekday tickets and relaunching older movie hits.
These measures, along with the strong box office performance of Bollywood and Hollywood films such as 'Sitaare Zameen Par' and 'Mission: Impossible - The Final Reckoning' helped lift quarterly footfalls by 12% on-year.
Average ticket prices rose 8% to 254 rupees, while per head spending on food and beverages increased 10% to a record 148 rupees. Executive Director Sanjeev Bijli told Reuters he expects spending in these segments to grow at a similar pace in the coming quarters.
"I do see a visibility of great films all the way down to December, the end of third-quarter, and that's what's going to drive consumption for admissions, ticket prices, advertisement revenues and also F&B spends," Bijli said.
He added that the company's new cinema halls will experiment with gaming centers, co-working spaces and cafeterias inside the premises to "enhance the stickiness of the consumer".
Revenue from operations rose 23% to 14.69 billion rupees for the quarter, topping analysts' estimate of 14.24 billion rupees.
The results come amid growing signs of recovery in urban consumption. Consumer goods firms such as Hindustan Unilever HLL.NS and Britannia BRIT.NS are signalling improving urban demand after several quarters of sluggish growth.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
(([email protected]; X: @MukherjeeHritam;))
Updates with details from executive interview in paragraphs 7-9
By Hritam Mukherjee
Aug 6 (Reuters) - India's PVR Inox PVRL.NS reported a sharply narrower quarterly loss on Wednesday as a strong box office slate, including Hollywood hit 'F1: The Movie', drew more audiences to theatres and boosted ticket and food sales.
India's largest multiplex operator, formed through the merger of PVR and Inox, reported a consolidated loss of 540 million rupees ($6.2 million) in the April-June quarter, compared with a loss of 1.79 billion rupees a year earlier.
Analysts, on an average, had expected a loss of 659.1 million rupees.
Footfalls in cinema halls have been pressured by weak urban consumption, an uneven slate of film releases and growing competition from streaming platforms.
To bring audiences back, PVR has been offering discounted weekday tickets and relaunching older movie hits.
These measures, along with the strong box office performance of Bollywood and Hollywood films such as 'Sitaare Zameen Par' and 'Mission: Impossible - The Final Reckoning' helped lift quarterly footfalls by 12% on-year.
Average ticket prices rose 8% to 254 rupees, while per head spending on food and beverages increased 10% to a record 148 rupees. Executive Director Sanjeev Bijli told Reuters he expects spending in these segments to grow at a similar pace in the coming quarters.
"I do see a visibility of great films all the way down to December, the end of third-quarter, and that's what's going to drive consumption for admissions, ticket prices, advertisement revenues and also F&B spends," Bijli said.
He added that the company's new cinema halls will experiment with gaming centers, co-working spaces and cafeterias inside the premises to "enhance the stickiness of the consumer".
Revenue from operations rose 23% to 14.69 billion rupees for the quarter, topping analysts' estimate of 14.24 billion rupees.
The results come amid growing signs of recovery in urban consumption. Consumer goods firms such as Hindustan Unilever HLL.NS and Britannia BRIT.NS are signalling improving urban demand after several quarters of sluggish growth.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
(([email protected]; X: @MukherjeeHritam;))
By Praveen Paramasivam
July 16 (Reuters) - Mexican theatre chain Cinepolis expects double-digit revenue growth in India this year as it opens more screens and bets on a major Hollywood and Bollywood lineup to bring in moviegoers.
Western studios are counting on this summer to reverse a downtrend worsened by the 2023 Hollywood writers' strike, with blockbusters including "Jurassic World: Rebirth" and "F1" hitting theatres through September.
"Hollywood has a very strong lineup, so (does) regional and Bollywood," said Cinepolis India Managing Director Devang Sampat, adding sharp marketing with malls and production houses could lift admissions, which are still 20% below pre-COVID levels.
Theater chains face increasing competition from streaming apps, concerts and live sports.
Still, Cinepolis, which operates 485 screen in India out of 6,800 globally, is looking to open 20-25 screens this year to drive revenue growth, Sampat said.
As for longer-term expansion, the company is taking it "one year at a time," he added.
Sampat did not disclose 2024 revenue or profit but said Cinepolis' annual revenue over the years, excluding the impact of the pandemic, had grown in the high single-digit to early-double-digit percentage range.
According to industry data, Cinepolis reported a revenue of 13.46 billion rupees ($156.58 million) in the 2024 financial year, up 31% year-on-year, with net profit at 321 million rupees - its first annual profit in at least half a decade.
Meanwhile, analysts expect revenue at PVR Inox PVRL.NS, India's largest multiplex chain, to grow roughly 18% in the fiscal year that started on April 1, led by a strong movie lineup and plans to add 100–110 screens to its network of over 1,700.
Indian multiplex revenues are expected to jump 20%–25%, fueled by big-budget movies such as "Mission: Impossible - The Final Reckoning", Rajinikanth's "Coolie", and Rishab Shetty's "Kantara: Chapter 1," said Shobit Singhal, research analyst at Anand Rathi.
($1 = 85.9640 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Sonia Cheema)
(([email protected]; +91 867-525-3569;))
By Praveen Paramasivam
July 16 (Reuters) - Mexican theatre chain Cinepolis expects double-digit revenue growth in India this year as it opens more screens and bets on a major Hollywood and Bollywood lineup to bring in moviegoers.
Western studios are counting on this summer to reverse a downtrend worsened by the 2023 Hollywood writers' strike, with blockbusters including "Jurassic World: Rebirth" and "F1" hitting theatres through September.
"Hollywood has a very strong lineup, so (does) regional and Bollywood," said Cinepolis India Managing Director Devang Sampat, adding sharp marketing with malls and production houses could lift admissions, which are still 20% below pre-COVID levels.
Theater chains face increasing competition from streaming apps, concerts and live sports.
Still, Cinepolis, which operates 485 screen in India out of 6,800 globally, is looking to open 20-25 screens this year to drive revenue growth, Sampat said.
As for longer-term expansion, the company is taking it "one year at a time," he added.
Sampat did not disclose 2024 revenue or profit but said Cinepolis' annual revenue over the years, excluding the impact of the pandemic, had grown in the high single-digit to early-double-digit percentage range.
According to industry data, Cinepolis reported a revenue of 13.46 billion rupees ($156.58 million) in the 2024 financial year, up 31% year-on-year, with net profit at 321 million rupees - its first annual profit in at least half a decade.
Meanwhile, analysts expect revenue at PVR Inox PVRL.NS, India's largest multiplex chain, to grow roughly 18% in the fiscal year that started on April 1, led by a strong movie lineup and plans to add 100–110 screens to its network of over 1,700.
Indian multiplex revenues are expected to jump 20%–25%, fueled by big-budget movies such as "Mission: Impossible - The Final Reckoning", Rajinikanth's "Coolie", and Rishab Shetty's "Kantara: Chapter 1," said Shobit Singhal, research analyst at Anand Rathi.
($1 = 85.9640 Indian rupees)
(Reporting by Praveen Paramasivam in Chennai; Editing by Sonia Cheema)
(([email protected]; +91 867-525-3569;))
May 12 (Reuters) - PVR INOX Ltd PVRL.NS:
Q4 CONSOL NET LOSS 1.25 BILLION RUPEES; IBES LOSS EST. 1.35 BILLION RUPEES
Q4 CONSOL REVENUE FROM OPERATIONS 12.5 BILLION RUPEES; IBES EST. 13.87 BILLION RUPEES
Further company coverage: PVRL.NS
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May 12 (Reuters) - PVR INOX Ltd PVRL.NS:
Q4 CONSOL NET LOSS 1.25 BILLION RUPEES; IBES LOSS EST. 1.35 BILLION RUPEES
Q4 CONSOL REVENUE FROM OPERATIONS 12.5 BILLION RUPEES; IBES EST. 13.87 BILLION RUPEES
Further company coverage: PVRL.NS
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** Indian multiplex operator PVR Inox PVRL.NS jumps 4.3% to 940 rupees, on track to log best day since mid-August
** Brokerage Nuvama says February 2025 has been the highest-grossing February post-pandemic for the Bollywood film industry with box-office collections of 12.45 bln rupees (~$144 mln)
** Adds, promoters have slightly increased their stake by 0.03%, which is small but sends a positive signal to minority investors, especially after previous rounds of stake sales and pledged shares
** Says box-office collections in January-February jumped 39% y/y to 22.64 bln rupees, led by the release of "Chhaava" movie
** 19 analysts covering the stock on avg have a "buy" rating; median PT is 1,600 rupees - data compiled by LSEG
** Day's gains trim monthly fall, stock now down 0.3% in March
($1 = 86.7140 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Indian multiplex operator PVR Inox PVRL.NS jumps 4.3% to 940 rupees, on track to log best day since mid-August
** Brokerage Nuvama says February 2025 has been the highest-grossing February post-pandemic for the Bollywood film industry with box-office collections of 12.45 bln rupees (~$144 mln)
** Adds, promoters have slightly increased their stake by 0.03%, which is small but sends a positive signal to minority investors, especially after previous rounds of stake sales and pledged shares
** Says box-office collections in January-February jumped 39% y/y to 22.64 bln rupees, led by the release of "Chhaava" movie
** 19 analysts covering the stock on avg have a "buy" rating; median PT is 1,600 rupees - data compiled by LSEG
** Day's gains trim monthly fall, stock now down 0.3% in March
($1 = 86.7140 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Indian multiplex operator PVR Inox PVRL.NS gains as much as 2.9% to 980.35 rupees
** Kotak Institutional Equities says PVRL stock's recent correction is overdone; upgrades stock to "buy"
** PRVL stock fell 17% in February, logging its fifth straight monthly loss
** Brokerage says recent correction in stock due to continued weakness in box office collections, expects Hollywood releases to drive collections in FY26
** Even as the overall content cycle in multiplex chains remains depressed, PVRL's cost optimisation and expansion strategies are noteworthy - Kotak
** Brokerage cuts fair value to 1,200 rupees from 1,300 rupees to factor in delays in bollywood recovery
** PRVL stock up 5.4% so far this week; on track to log biggest weekly gain since early November, if current trend holds
** Stock rated "buy" on avg, median PT at 1,655 rupees - data compiled by LSEG
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Indian multiplex operator PVR Inox PVRL.NS gains as much as 2.9% to 980.35 rupees
** Kotak Institutional Equities says PVRL stock's recent correction is overdone; upgrades stock to "buy"
** PRVL stock fell 17% in February, logging its fifth straight monthly loss
** Brokerage says recent correction in stock due to continued weakness in box office collections, expects Hollywood releases to drive collections in FY26
** Even as the overall content cycle in multiplex chains remains depressed, PVRL's cost optimisation and expansion strategies are noteworthy - Kotak
** Brokerage cuts fair value to 1,200 rupees from 1,300 rupees to factor in delays in bollywood recovery
** PRVL stock up 5.4% so far this week; on track to log biggest weekly gain since early November, if current trend holds
** Stock rated "buy" on avg, median PT at 1,655 rupees - data compiled by LSEG
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Feb 6 (Reuters) - PVR INOX Ltd PVRL.NS:
Q3 CONSOL NET PROFIT 359 MILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 17.17 BILLION RUPEES
Further company coverage: PVRL.NS
(([email protected];))
Feb 6 (Reuters) - PVR INOX Ltd PVRL.NS:
Q3 CONSOL NET PROFIT 359 MILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 17.17 BILLION RUPEES
Further company coverage: PVRL.NS
(([email protected];))
** Multiplex operator PVR Inox PVRL.NS ends 1.4% lower at 1,161 rupees
** PVRL has now shed 12% in five-session losing run
** Yes Securities says the correction was due to fear of HMPV outbreak and is "overdone"
** Says current stock price is "attractive"; retains "buy" call and TP 1,980 rupees
** Analysts on avg rate PVRL "buy", median TP 1825 rupees -LSEG data
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Multiplex operator PVR Inox PVRL.NS ends 1.4% lower at 1,161 rupees
** PVRL has now shed 12% in five-session losing run
** Yes Securities says the correction was due to fear of HMPV outbreak and is "overdone"
** Says current stock price is "attractive"; retains "buy" call and TP 1,980 rupees
** Analysts on avg rate PVRL "buy", median TP 1825 rupees -LSEG data
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Oct 15 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX Q2 CONSOL NET LOSS 118 MILLION RUPEES; IBES PROFIT EST. 137.7 MILLION RUPEES
PVR INOX Q2 CONSOL REVENUE FROM OPERATIONS 16.22 BILLION RUPEES; IBES EST. 15.64 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PVRL.NS
(([email protected];))
Oct 15 (Reuters) - PVR INOX Ltd PVRL.NS:
PVR INOX Q2 CONSOL NET LOSS 118 MILLION RUPEES; IBES PROFIT EST. 137.7 MILLION RUPEES
PVR INOX Q2 CONSOL REVENUE FROM OPERATIONS 16.22 BILLION RUPEES; IBES EST. 15.64 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PVRL.NS
(([email protected];))
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Popular questions
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What does PVR Inox do?
PVR INOX Limited, a merger of PVR Limited and INOX, revolutionizes the movie experience in India by offering a wide range of premium cinematic content and diverse food and beverage options.
Who are the competitors of PVR Inox?
PVR Inox major competitors are Cineline India, Saregama India, Tips Music, Zee Entertainment, Sun TV Network, Network 18 Media Inv, PVP Ventures. Market Cap of PVR Inox is ₹12,155 Crs. While the median market cap of its peers are ₹7,629 Crs.
Is PVR Inox financially stable compared to its competitors?
PVR Inox seems to be less financially stable compared to its competitors. Altman Z score of PVR Inox is 2.13 and is ranked 6 out of its 8 competitors.
Does PVR Inox pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. PVR Inox latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has PVR Inox allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is PVR Inox balance sheet?
Balance sheet of PVR Inox is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of PVR Inox improving?
Yes, profit is increasing. The profit of PVR Inox is ₹444 Crs for TTM, ₹334 Crs for Mar 2026 and -₹279.6 Crs for Mar 2025.
Is the debt of PVR Inox increasing or decreasing?
The net debt of PVR Inox is decreasing. Latest net debt of PVR Inox is -₹415.7 Crs as of Mar-26. This is less than Mar-25 when it was ₹443 Crs.
Is PVR Inox stock expensive?
PVR Inox is not expensive. Latest PE of PVR Inox is 26.96, while 3 year average PE is 27.19. Also latest EV/EBITDA of PVR Inox is 5.49 while 3yr average is 16.15.
Has the share price of PVR Inox grown faster than its competition?
PVR Inox has given lower returns compared to its competitors. PVR Inox has grown at ~0.61% over the last 10yrs while peers have grown at a median rate of 3.74%
Is the promoter bullish about PVR Inox?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in PVR Inox is 27.53% and last quarter promoter holding is 27.53%.
Are mutual funds buying/selling PVR Inox?
The mutual fund holding of PVR Inox is decreasing. The current mutual fund holding in PVR Inox is 30.47% while previous quarter holding is 31.16%.