PVRINOX: The Worldcup Effect

The First half of the Q3 for PVRINOX was affected by the worldcup which was being hosted in India. and the Company business was muted and saw a drop of 41% in the number of releases, since India was hosting the match and most of the matches were on weekend as well.

Theatre occupancy rate was also decreased to 25% in December 2023 from 32% in September 2023.

However after the worldcup finished, Company resume it business and people were again going out to watch on Big Screen.

There were significant releases in the November and Decemeber month,

Animal which has a box office collection of IN 650 crores (Second highest grossing movie of all time), Followed by Salaar (INR 480 crores) and Dunki (INR 270 crores).

Q3 was mostly affected by the World cup and I personally believe, Q4 might be affected by the Exam season.

src- concall

Pic credit- firoz shah kotla stadium, watching an IPL