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HomeNewsPVR INOX to open 150-175 screens in the next one year

PVR INOX to open 150-175 screens in the next one year

PVR INOX Ltd has stated that it is going to open as many as 150-175 screens in various cities and towns in India in fiscal 2024. On the flip side, it is going to shut down as many as 50 existing screens owing to losses. The multiplex operator reported a net loss of Rs 333 crore for the quarter ended March, media reports said.

It emerges that the average consumer spend on foods and beverages was Rs 119 in the quarter. This was Rs 133 in the previous quarter. It appears that patrons are more and more conscious of how much to spend. Is it an effect of economic slowdown, Netizens are wondering.

The average ticket prices too decreased from Rs 244 to Rs 239 owing to special offers, etc. 

Biggies like ‘Pathaan’ have saved the multiplex chain a big deal in recent months. 

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