PVR Inox Q2 FY26 Results: Strong Comeback with Higher Footfalls and Profitability

Key Highlights: Revenue: ₹1,823 crore, up 12% YoY, driven by stronger footfalls and a better movie slate. Net Profit: ₹106 crore, a sharp improvement from a ₹12 crore loss last year. EBITDA: ₹612 crore, up 30% YoY with margins improving to 33.5% (vs 29.5% YoY). Recovery seen across box office, F&B, and advertising revenues, indicating broad-based demand improvement. Insights: PVR Inox delivered a strong quarter as moviegoers returned to theatres in larger numbers. Higher occupancy, strong film content across languages, and rising food & beverage spending helped boost profitability. Cost efficiencies and better screen utilisation also played a role in margin expansion. What to Watch: Whether footfall momentum sustains in Q3 and Q4 with upcoming releases. Growth in high-margin segments — F&B and advertising. Expansion into Tier-II/Tier-III cities and new experiential formats. Impact of OTT competition and content pipeline volatility. Investor Takeaway: PVR Inox’s results show a clear revival in the multiplex industry. With rising occupancy, improving margins, and steady expansion, the company is well-positioned to benefit from India’s entertainment consumption recovery. Consistency in content performance remains the key monitorable ahead.