and Rs.1234 crores thru sale of popcorn
and still they are loss making... paying interest of 638cr and 895cr for shutting down many outlets 😛
indianboy wrote:and still they are loss making... paying interest of 638cr and 895cr for shutting down many outlets 😛
Net loss is misleading. They are earning lots of cash. But they are showing loss after deducting depreciation. But they earned lot of cash even last year.
Good for the stock, holding...
I read this in the paper too and I am not complaining one bit. If PVR earns enough from food and beverages, they won't be inclined to hike ticket prices. That way, everyone who buys the expensive popcorn, nachos and soft drinks subsidises my ticket prices 😄 I normally watch movies alone or with friends who will never shell out money for food and beverages at a multiplex.
Main to interval mein McD chala jata hoon .
Never got late for a film.
dexter_greycells wrote:But looking at the prices today, I think this works only in theory. They decide ticket prices based on actor.they won't be inclined to hike ticket prices.
atx88 wrote:You are mistaken with this part of your statement - "...they're making tons of money..."
But looking at the prices today, I think this works only in theory. They decide ticket prices based on actor.
But no matter how the film works or who the actor is, they're making tons of money by selling very cheap costing food at very high markups, almost unreasonable.
For the fiscal year ended March 2023, PVR Inox's net loss was at Rs 336.40 crore
Read more at: https://retail.economictimes.indiatimes.com/new...
androgame wrote:Which pvr let you exit from multiplex area during intermission to get food from outside outlets?Main to interval mein McD chala jata hoon .
Never got late for a film.
androgame wrote:Main to interval mein McD chala jata hoon .
Never got late for a film.
They allow you to go out and come back in interval?
dexter_greycells wrote:I read this in the paper too and I am not complaining one bit. If PVR earns enough from food and beverages, they won't be inclined to hike ticket prices. That way, everyone who buys the expensive popcorn, nachos and soft drinks subsidises my ticket prices 😄 I normally watch movies alone or with friends who will never shell out money for food and beverages at a multiplex.
I NEVER EVER buy food during interval coz its just a waste of money.
But now they have come with BESTSELLERS where they give Sandwich + 300ml coke in just 79. Very good initiative though
dexter_greycells wrote:bhai all this about prime properties, high rents, glitzy maintenance, etc. must be already very well known to them. They wouldn't get into this business unless they know they can make good money despite all this. Plus the article itself says they're opening 150+ more screens in FY24. All that clearly says the money making machine this business is.
You are mistaken with this part of your statement - "...they're making tons of money..."
Proof -For the fiscal year ended March 2023, PVR Inox's net loss was at Rs 336.40 crore
Read more at: https://retail.economictimes.indiatimes.com/new...
PVR INOX theatres are typically in prime properties / malls and the rents are very high. They typically don't own most of the multiplexes. Their glitzy multiplexes take a lot of money to build and maintain. They need to pay the attendants as well who tend to be smartly dressed, decently educated and professional. And, of course, the fees to distributors for buying the movie rights. Lastly, OTT has killed a lot of theatre/multiplex going crowd.
If they hike the ticket prices to increase the profits, it directly affects the people coming in to the multiplexes and then they would lose on the money from food & beverages.
It is thus a delicate balancing act.That's true for every business bro...
androgame wrote:I am not bringing back stuff from McD into PVR bhai.
Otherwise why would they stop anyone from going out during interval .
I have never seen any PVR I went to in Delhi having an exit option beside the entry gate to the multiplex area during intermission unless you mean to say that exit via the same entry gap during intermission then enter again by showing the ticket. When the movie ends the exit route takes ppl to the outside of multiplex on another floor & this route is only opened after movie ends.
guest_999 wrote:I have never seen any PVR I went to in Delhi having an exit option beside the entry gate to the multiplex area during intermission unless you mean to say that exit via the same entry gap during intermission then enter again by showing the ticket. When the movie ends the exit route takes ppl to the outside of multiplex on another floor & this route is only opened after movie ends.
Yes i meant going out from the entry itself.
The backdoor is usually locked until a show is about to end .
If there's any emergency or one wants to leave they can exit but can't come back to watch film that's how it is here too. 😅
I read this in the paper too and I am not complaining one bit. If PVR earns enough from food and beverages, they won't be inclined to hike ticket prices. That way, everyone who buys the expensive popcorn, nachos and soft drinks subsidises my ticket prices 😄 I normally watch movies alone or with friends who will never shell out money for food and beverages at a multiplex.