Avendus has maintained its ‘Buy’ rating on PVR with a target price of ₹1,910, citing a strong content pipeline for 2025 as a major growth driver. Hollywood studios are lining up 25 mega-budget releases throughout the year, while Bollywood is capitalizing on sequels to successful franchises in the spy and horror genres.
The brokerage expects strong content to create opportunities for ticket price hikes, supported by a favorable industry structure and cost optimization. This, in turn, is anticipated to drive a significant improvement in EBITDA per screen, with projections of ₹5.4 million and ₹7.7 million annually for PVR and INOX screens, respectively. Avendus believes these factors position PVR for robust growth in the coming years.
