PVR INOX Limited CC-Jun24.pdf · 2024-07-22
So on our fixed cost, actually, if you look at our total fixed cost, it has gone up by 7% compared to last year quarter 1. And if we further break that down into like -for-like same-store basis, the same-store growth is only about 2.5%. So we have been very careful around the overall fixed cost control on all overheads, including personnel, electricity, utility, water, et cetera. On rentals, on a same -store basis, it is about 3.5% up, which is in line with our escalations agreed in the lease agreements. So about 4% to 4.5% is coming on account of new cinemas that we've opened in the last 1 year. And many of the new properties that we've opened are large properties in premium locations, 14 screen multiplexes in different parts of the country, where rentals and some of the other overheads are slightly higher than the rest of the portfolio. So on an overall basis, there i s a 7% increase that we see in our total fixed cost.
3.7% escalation on same cinemas over last 1 year.