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PVR Inox targets up to 2.11% buyback at Rs 1,450 per share
The cinema operator trimmed FY27 capex to Rs 350 crore from Rs 400 crore as it shifts to a more capital-light expansion plan.
PVR Inox said it will repurchase up to 2.11% of its paid-up equity capital at Rs 1,450 per share, a 20% premium to its 31 August price, after reporting improving operating performance and balance sheet strength, according to LiveMint Markets. The shares were up about 1% since the announcement, while the stock’s year-to-date gains in 2026 were about 20%, even as it remains roughly 15% below its 2023 level following the PVR and Inox Leisure merger.
The company’s promoters, who hold a 27.53% stake, plan to participate in the buyback. LiveMint Markets also pointed to a turnaround in leverage, with PVR Inox moving from net debt of Rs 162 crore at the end of March to net cash of Rs 81 crore by the end of June.
In its financial update, PVR Inox reported Q1FY27 revenue rising 11.9% year-on-year to Rs 1,622 crore, helped by 7.6% higher footfalls to 36.6 million and a 7.5% increase in average ticket price to Rs 273. Food and beverage spending per head rose 8.8% to Rs 161, while pre-Ind AS Ebitda margin expanded to 12.9%.
PVR Inox cut FY27 capex guidance to Rs 350 crore from Rs 400 crore, reflecting its capital-light expansion strategy, which includes adding around 80 net screens in FY27, with 79% added under the asset-light, franchise-owned company-operated model. The company also said footfalls have been volatile in past years, ranging from 30.4 million per quarter to 48.4 million, and occupancy improved to 25.3% in Q1FY27, according to LiveMint Markets.