Among the most significant grievances of numerous spectators nowadays is that the ticket costs are extremely pumped up, particularly in theatres of PVR. It’ll be a surprise for lots of readers to understand that the ATP or Average Ticket Price in the PVR Cinemas in the last monetary year was Rs. 236. This and a great deal of other remarkable information were pointed out in the PVR Inox yearly report 2022-23.
PVR Inox made Rs. 1894 crores through the sale of film tickets and Rs. 1618 crores through the sale of food and drinks in FY 22-23; F&B BIGGER than sales of Burger King in India
A few of this information is as follows:
1. While ATP in FY19 was Rs. 207, it dropped to Rs. 204 in FY20 due to the pandemic. It went even more down to Rs. 180 in FY21 and after that zoomed to Rs. 235 in FY22 prior to supporting at Rs. 240 in FY22.
2. Package workplace earnings in FY19 was Rs. 1636 crores and leapt to Rs. 1731 crores. It dropped to Rs. 102 crores and Rs. 670 crores for the multiplex chain in FY21 and FY22 respectively. It then increased to a record Rs. 1894 crores in FY23.
3. The steps were 9.9 crores in FY19 and 10.20 crores in FY20. It dipped to 70 lakhs and 3.30 crores in FY21 and FY22 respectively. In FY23, it zoomed to 9.50 crores. Though it made a massive income in the previous monetary years, the steps are less than what it was in FY20.
4. The exact same is likewise shown in tenancy, which was 36% in FY19, 35% in FY20, 10% in FY21, 22% in FY22 and 26% in FY23.
5. Food and drink play an essential element of a movie-going experience today. PVR Inox made Rs. 1618 crores through the sale of treats and beverages in FY23. This is more than the income of Burger King (Rs. 1440 crores). The Spend per Head (SPH) was Rs. 128.
6. The multiplex chain likewise made a substantial Rs. 189 crores through earnings from benefit charges charged while scheduling tickets online.
7. It made Rs. 290 crores through marketing earnings.
8. The Hindi movie market suffered in 2015 due to the underwhelming efficiency of numerous big-ticket movies. Hindi movies in PVR had a share of 44% in CY2019 and it dropped to 33%. The share of earnings from Telugu films increased from 13% to 20% which of Tamil from 13% to 16%.
9. Thanks to the merger with Inox, PVR Inox now has 1697 screens in 360 homes throughout 114 cities. Out of the overall theatres in the nation, PVR Inox owns 18% of them.
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