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PVR INOX shares dip despite strong Q3 show; profit misses estimates on labour code hitPVR INOX shares fell after Q3FY26 results despite record box office and revenue growth. Sold 4700BC to Marico, company plans smart screen cinemas and gourmet dine-in theatre expansion.By Gareema Bangad   |  Devayani Vibhute  February 5, 2026, 4:15:20 PM IST (Published)2 Min ReadShares of PVR INOX Ltd fell as much as 4% on Thursday, February 5, after the company reported earnings results for the December quarter, even though the consolidated numbers improved on a yearly basis.

For Q3FY26, PVR INOX reported revenue of ₹1,880 crore, up 9% year-on-year and about 1% above market estimates. EBITDA rose 18% YoY to ₹622 crore, while EBITDA margin expanded 238 basis points to 33.1%.

Net profit for the quarter stood at ₹95.7 crore, up 167% from a year earlier. However, the profit figure missed estimates by 26% due to a one-time exceptional charge of ₹44.6 crore related to the impact of changes in the labour code.

The company said it recorded its highest-ever box office collections of ₹13,395 crore in CY25, which is 32% higher than pre-pandemic levels, underscoring a sustained recovery in theatrical demand.

The company added two cinemas and 29 screens this year, taking the total number to 356 and 1,774, respectively. Admissions grew 9% to 40.5 million, and occupancy improved to 28.5% from 25.7% a year ago. Average ticket price rose 4% to ₹293, while spend per head increased 4% to ₹146.

PVR Inox's ticket revenue grew 14% YoY to ₹1,005.6 crore. The food and beverage revenue also rose 14% to ₹593.8 crore. Advertising revenue, however, declined 21% year-on-year to ₹118 crore and 6% sequentially.

Sale of 4700BC, focus on core business

During the quarter, PVR INOX sold its entire 93.27% stake in gourmet popcorn brand Zea Maize Pvt Ltd (4700BC) to Marico in an all-cash deal worth ₹226.8 crore. The company said the transaction will have no impact on its core food and beverage business and will allow it to sharpen its focus on its core operations.

PVR INOX told CNBC-TV18 that 4700BC had seen fast revenue growth with a run rate of over ₹100 crore annually. The brand contributed ₹99 crore to revenue, representing 1.7% of total revenue, while the overall F&B business stood at ₹1,827 crore in FY25.

Looking ahead, PVR INOX said it plans to roll out “smart screen” cinemas with self-service formats in Tier 2 and Tier 3 cities, where both operating and capital expenditure are lower, even as average ticket prices are expected to be lower. The company said it expects healthy demand for this format.

It has also launched a 72-seater gourmet dine-in theatre in Bengaluru, with plans to extend the concept to other major cities.

Shares of PVR Inox witnessed a sharp fall from intraday highs of ₹1,034 to intraday lows of ₹972 following the results announcement on Thursday. The stock has since pared losses and was trading 1.47% down at ₹1,000/share as of 2.46 pm. Continue ReadingTagsPVR-Inoxq3 earningsQ3 resultsshare market todaystock market news