Debacle of films at box-office Paint dismal outline for multiplexes
Debacle of films at box-office
Paint dismal outline for
multiplexes
The debacle of big and small films at the box-office delineates dismal outline for multiplexes and slow FY 2025 for PVR Inox.
Analysts in Q1 FY25 anticipate the quiescent to persist once again due to dearth of content. A few small surprises did bring cheer to the industry, however, big successes were a no show.
The market has been
pessimistic for Indian films with the box office declining for one of its major contributors, Hindi movies, along with footfalls and occupancy falling due to a weak content lineup.
The beginning of the financial year 2025 has been no different from how things ended for the multiplex industry in the fourth quarter of FY24. In Q4 FY24, India’s top multiplex, PVR Inox, was back in the red following two quarters and reported a loss of Rs 133 crore, higher than the Rs 118 crore analysts had anticipated.
As per Abhishek Jain, Head of Research, Arihant Capital,
“Q1 FY25 has been challenging for the multiplex industry. The total box office performance for April-May-June seems to be weak. This is likely due to the lack of blockbuster movies and major sporting events like the IPL (Indian Premier League) and the (2024 T20 cricket) World Cup competing for audience attention.
News Edit K.V.Raman
