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PVR-INOX to close 70 non-performing screens in FY25 and add 120 new screens.
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Company to monetize non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara.
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Aims to become “net-debt free” company in the future.
PVR-INOX, a leading multiplex operator, plans to shut down 70 non-performing screens in the current financial year (FY25) as part of its strategic focus on profitable growth. The company will also add 120 new screens, with 40% of them coming from South India, a region with high demand for films and relatively low multiplex penetration.
In addition to screen optimization, PVR-INOX will monetize its non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara. This move aims to reduce debt and become a “net-debt free” company in the future. The company has already reduced its net debt by Rs 136.4 crore in the last financial year.
PVR-INOX is also transitioning to a capital-light growth model, partnering with developers to invest in new screens and adopting a franchise-owned and company-operated (FOCO) model. This approach will reduce capital expenditure on new screens by 25-30% in FY25.
