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Piyush Sharma

Minerva Asset Advisors
PVRINOX

PVR INOX Limited

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PVR INOX Limited CC-Jun24.pdf
22 Jul 2024
Open call
  1. I just have a couple. Firstly, on the ATP. The headline number, of course, is a 5% decline. Could you share with the comparable properties ATP move was?

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  2. Okay. I'm just looking at a slide, which shows a sharp drop in blockbuster movies, defined here as INR100 crores plus GBO. I would believe that this is not unprecedented that you see a 50% to 60% drop Y-o-Y, yet, in distant memory, I don't recall a mid-single-digit decline in ATP.

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  3. And a very quick follow -up on the theatrical window question. I'm just wondering, is this academic or there's more to it? Because if you look at the box offi ce curve in India, it tends to be much, much steeper. I guess, is 98%, 99% of all GBO -- lifetime GBO would happen within 3- to 4-week window. So how does the incremental fit for 6 weeks really for Bollywood even help?

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