PVR INOX plans to close 70 underperforming screens, shift to a capital-light growth model, and monetize non-core real estate in FY25.

PVR INOX plans to close 70 underperforming screens in FY25 while adding 120 new screens, with 40% located in South India. The company is shifting to a capital-light growth model, reducing new screen investments by 25-30% and partnering with developers for joint projects. Additionally, PVR INOX aims to monetize non-core real estate in major cities to achieve net-debt-free status, focusing on profitable growth and restoring pre-pandemic margins.

September 01, 2024
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