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PVR INOX: Can asset-light expansion improve returns?

PVR Inox launches three-screen multiplex

PVR Inox has launched its new three-screen multiplex at DLF Summit Plaza, Gurugram. Located on the prestigious Golf Course Road corridor, the new destination marks the company’s latest expansion in one of India’s most cosmopolitan urban markets. The multiplex features three auditoriums with 352 premium Sapphire seats, finished in luxurious leatherette upholstery. The seating offers 650 mm centre-to-centre spacing and a 1,500 mm back-to-back seat pitch, providing generous personal space and enhanced comfort. The three-screen cinema is equipped with 4K digital laser projection, Dolby 7.1 surround sound and Next-Gen 3D, delivering exceptional visual clarity, immersive audio and a richly detailed, lifelike cinematic experience across all auditoriums. Impact : This launch directly fuels PVR INOX’s margin-expansion strategy. While ticket sales account for roughly 52% of revenues, higher-margin Food & Beverages (30%) and premium seating upgrades significantly boost structural profitability per consumer. By offering boutique amenities like Sapphire leatherette seating with massive legroom, PVR INOX can command higher Average Ticket Prices (ATP) and Spend Per Head (SPH) View: PVR INOX remains highly positive over the next 1–3 months, driven by strong technical momentum, favorable corporate actions, and an attractive upcoming content slate. Disclosure : I do not hold any position in the mentioned stock. Disclaimer: Investment in securities are subject to market risk. This is for educational purpose only.

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PVR Inox opens three new screens at Soul Space Spirit

PVR Inox has expanded PVR Soul Space Spirit, Bellandur, with three new auditoriums, including Bengaluru’s eighth 4DX experience and two mainstream screens. The addition takes the cinema to seven screens and positions Soul Space Spirit as a more expansive entertainment destination for audiences across the Bellandur-Marathahalli-Varthur- Sarjapur Road corridor. Located on Bengaluru’s Outer Ring Road, the property is surrounded by established residential communities and major technology hubs, making it a natural leisure destination for audiences who live and work in the area. The location is listed at Soul Spirit Central Mall, Bellandur, on Outer Ring Road. For over 15 years, PVR Soul Space Spirit has served the Bellandur community. This expansion builds on that legacy by adding more choice, contemporary design and a more immersive way to experience films close to home and work. Making its debut at Soul Space Spirit, Bengaluru’s eighth 4DX auditorium brings a new layer of immersion to the destination. Motion-enabled seating and multisensory effects are designed to place audiences at the centre of the action, extending the experience beyond the screen. The three new auditoriums have a dedicated entrance on the fifth floor, while the existing four screens will continue to operate on the fourth floor. Across the expanded cinema, guests can enjoy superior laser projection, Dolby Atmos Surround Sound and Next Gen 3D. The property will offer a total seating capacity of 1143.