New Delhi, May 12 -- PVR Inox's shares fell over 6% after its March quarter (Q4FY26) results despite a 26% year-on-year growth in consolidated revenue to Rs.1,547 crore. The Ebitda margin rose to 29% from 24% in Q4FY25, while the metric rose to 32% for FY26 versus 27% in FY25. Perhaps investors are unsure if this recovery can be sustained.

Notably, footfalls at the multiplex chain were weak in Q4FY26, up 1.5% to 31 million. The real growth driver was pricing. The average ticket price jumped 22.4% to Rs.315, while spending per head on food and beverages rose 32.3% to Rs.165. Multiplexes have high operating leverage, so better pricing and a 6.6% growth in fixed costs meant significant margin expansion.

Besides, movies such as Dhurandhar: ...