Multiplexes to post strong revenue growth in Q1, broadcasters to be muted

Q1 marks a full quarter of operations post pandemic for cinemas. This will reflect in financials of these firms, with likely revenue growth at 65-70% for PVR and Inox sequentially

Broadcasters and multiplexes are likely to report a contrasting set of financial numbers for the quarter ended June 30, 2022 (Q1), analysts tracking the media sector said in reports released over the past few days. 

The April-June period was among the strongest for cinemas, following a wave of pandemic-led closures in the past two years which led to a slump in business.

Brokerages, such as Emkay, Elara, and ICICI Securities, have all indicated that strong box-office collections will drive top-line growth for multiplexes, while near-term headwinds may result in muted revenue growth for broadcasters.

“For multiplexes, the good run of movies such as