PVR Inox Share Price Target: Brokerage turns bullish after Q4 results, sees over 30% upside – Should you BUY the dip? – Markets

PVR Inox Share Price Target: Brokerage turns bullish after Q4 results, sees over 30% upside - Should you BUY the dip? - Markets


PVR Inox Share Price Target: PVR Inox, a cinema exhibition company, will remain in focus in today’s trading session after announcing its Q4 results in the previous session. The company reported a consolidated net profit of Rs 186.4 crore for the quarter ended March 31.

PVR Inox, a constituent of the BSE 500 index, currently has a market valuation of Rs 10,076.79 crore. Following the strong quarterly performance, brokerage firms have turned optimistic on the stock and see an upside potential of over 30 per cent.

Nirmal Bang has maintained a BUY rating on the stock with a price target of Rs 1,340, indicating an upside of 30.5 per cent from the current levels. The stock closed 4.5 per cent lower, down Rs 47.9, at Rs 1,026.15. (PVR Inox Share Price)
According to Nirmal Bang, PVR INOX Ltd delivered a steady performance in Q4FY26, which management considers its strongest fiscal year. Revenue increased slightly above consensus estimates but remained below internal expectations.

The brokerage noted continued monthly volatility, with strong performance in January and March being offset by weaker box office collections in February.

Advertising revenue rose 14.8 per cent year-on-year to Rs 1,104 million, though it still stands at 65–70 per cent of pre-COVID levels. Occupancy improved by 340 basis points to 23.9 per cent, with footfalls reaching 31 million.

Meanwhile, food and beverage (F&B) revenue grew 26 per cent to Rs 4.8 billion. The brokerage remains positive on the recovery in the exhibition business and discretionary consumption trends in FY27, despite near-term softness in advertising revenue across urban markets.

The company’s revenue from operations increased 25.8 per cent year-on-year to Rs 1,547.3 crore in the March quarter, compared to Rs 1,229.9 crore in the same period last year.

Revenue from the “movie exhibition” segment rose 26.8 per cent to Rs 1,571.7 crore. However, revenue from the “movie production and distribution” segment declined 7.8 per cent year-on-year to Rs 75.6 crore in Q4FY26.

During FY26, PVR INOX added 93 new screens across 17 cinemas, including 22 screens in six cinemas under the FOCO model (Franchise-Owned, Company-Operated) and 29 screens across four cinemas under the asset-light model.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)



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