PVR-INOX's Strategic Focus: Closing Non-Performing Screens and Monetizing Real Estate Assets
PVR-INOX plans to close 70 non-performing screens in FY25, add 120 new screens, and monetize non-core real estate assets in prime locations.
PvrinoxMultiplex OperatorReal Estate AssetsMonetizationStrategic FocusReal Estate NewsSep 01, 2024
PVR-INOX is redefining its growth strategy by transitioning to a capital-light growth model, reducing its capital expenditure on new screen additions by 25-30%. The company will partner with developers to jointly invest in new screen capex, shifting towards a franchise-owned and company-operated (FOCO) model.
In addition to closing non-performing screens, PVR-INOX is evaluating the monetization of its owned real estate assets in prime locations such as Mumbai, Pune, and Vadodara. This move is part of the company's goal to become a
Frequently Asked Questions
How many non-performing screens will PVR-INOX close in FY25?
70
How many new screens will PVR-INOX add in FY25?
120
What is PVR-INOX's goal for its real estate assets?
To monetize non-core real estate assets in prime locations
What is PVR-INOX's growth strategy?
To transition to a capital-light growth model, reducing capital expenditure on new screen additions
What is PVR-INOX's goal for its debt?
To become a 'net-debt free' company in the foreseeable future
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