PVR Inox Q4 2026 Earnings: Dhurandhar 2's Impact on March Quarter Performance - Analyst Expectations
PVR Inox Q4 Results 2026 LIVE: Key Expectations and Performance Metrics
Multiplex chain PVR Inox is set to announce its March quarter (Q4) results for the financial year 2025-26 (FY26) on 11 May. The company's earnings are expected to be driven by the release of Dhurandhar 2 in the quarter under review, which is otherwise a relatively slow period for the company. Ahead of the Q4 results announcement, PVR Inox share price traded 2% lower, influenced by the sharp selloff in the Indian stock market.
PVR Inox Q4 Preview
Domestic brokerages are optimistic about PVR Inox's Q4 results, expecting the company to post a profit as against a loss in the year-ago quarter, driven by strong revenue growth. Nuvama, a leading brokerage firm, forecasts that the average ticket price (ATP) and spends per head (SPH) will reach an all-time high in Q4FY26, increasing by 20% and 26% on a year-over-year (YoY) basis, respectively. This sharp growth in ATP and SPH is attributed to the release of Dhurandhar 2, a four-hour movie.
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| Brokerage | Revenue Growth (YoY) | EBITDA Growth (YoY) |
|---|---|---|
| Nuvama | 19% | 41% |
| Kotak Equities | 20% | - |
According to Nuvama, revenue is expected to grow to ₹1480 crore, a 19% YoY growth, while reported EBITDA is expected to rise 41% YoY to ₹400 crore. The brokerage also predicts that footfalls will reach 31 million, primarily due to a soft February and the release of Dhurandhar 2 in the third week of March. For PVR INOX, Kotak Equities estimates occupancy of 24.4% in 4QFY26, implying footfalls of 32.5 million, a growth of 6% YoY.
| Brokerage | Occupancy Rate (YoY) | Footfalls (YoY) |
|---|---|---|
| Nuvama | - | 31 million |
| Kotak Equities | 4% | 6% |
Kotak Equities assumes a ~14%/20% YoY growth in ATP/SPH to ₹294/₹150, respectively, and overall revenues are expected to grow by 20% YoY.
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Investor Takeaway
Investors should expect a profit from PVR Inox in the Q4 results, driven by strong revenue growth.
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