PVR INOX, India’s largest multiplex chain, has announced plans to close approximately 70 non-performing screens in the financial year 2025 (FY25). This decision is aimed at optimizing the company’s portfolio by focusing on more profitable locations and enhancing overall efficiency.
Source:- news 18
The closures will primarily occur in cities such as Mumbai and Vadodara, where certain screens have not met performance expectations. This move is part of the company’s strategic plan to address underperforming assets, reduce costs, and improve profitability. Ajay Bijli, the Managing Director of PVR INOX, stated that the decision is aligned with their strategy to maintain a high-quality portfolio and focus on high-performing assets.
Source:- BBC news
The closures are expected to provide a positive impact on the company’s overall profitability, enabling PVR INOX to allocate resources more efficiently. The company will also explore opportunities to enhance the experience of its patrons in its remaining theaters by investing in technology, comfort, and a diverse content portfolio.
Despite the closures, PVR INOX remains committed to expanding its footprint across India. The company continues to explore new markets and will add new screens in locations with high growth potential. As part of its expansion strategy, it aims to reach a wider audience and reinforce its position as a leader in the entertainment industry.
In FY24, PVR INOX completed its merger, becoming the largest cinema operator in India. With these strategic closures and ongoing expansion plans, the company is positioning itself to navigate the evolving cinema landscape, focusing on maximizing operational efficiency and delivering an exceptional movie-going experience.
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