Avendus Spark has maintained a ‘Buy’ rating on PVR Inox with a target price of ₹1,910, suggesting an upside potential of 40.5% from its current market price of ₹1,359.05. The brokerage highlights a robust release calendar and operational efficiencies as key growth drivers.
Key Highlights:
- Hollywood’s Mega Lineup:
Hollywood studios are set to release 25 mega-budget movies evenly spread across CY25, which is expected to drive footfall growth for multiplexes. - Bollywood’s Sequel Strategy:
Bollywood is focusing on sequels to successful franchises and proven genres, which is likely to resonate well with audiences and contribute significantly to box office collections. - Room for Ticket Price Hikes:
The anticipated strong content lineup creates opportunities for ticket price hikes, bolstering revenue growth. - Operational Efficiencies:
PVR Inox continues to optimize its cost structure, aided by the favorable Indian market environment.
Avendus Spark views PVR Inox as well-positioned to benefit from the robust movie pipeline in CY25. With a focus on operational efficiencies and premium content offerings, the multiplex operator is expected to deliver strong growth in the coming quarters.
Disclaimer: This article is based on a brokerage report and is for informational purposes only. It does not constitute financial advice. Investors should conduct their own research or consult a financial advisor before making investment decisions.