PVR INOX to close 70 non-performing screens in FY25, plans monetisation of real estate assets

Quick Summary:

PVR INOX redefines its growth strategy by transitioning towards a capital-light growth model to reduce its capex on new screen additions by 25% to 30% in FY24-25.

"Even though we are cutting down on capital expenditure, we are not compromising on growth and will open almost 110–120 screens in FY25.

About 40% of new screen additions will come from South India, where it will have a "strategic focus" on this lesser penetrated region as per its medium to long-term strategy.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Non-performing Strategy Screen Screens Monetisation Inox Growth Estate Assets Fy25 Real

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-01 @ 07:09:18 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 581 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 18 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22316905

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