PVR INOX Plans 150–175 New Screens a Year From FY28, Mostly Through Asset-Light Franchise Models

The Plan

PVR INOX plans to add 150 to 175 new screens every year from FY28, up from 90 to 100 planned this year, CFO Gaurav Sharma told ETCFO on 2 November 2026.

Key Facts

• Model: Most new screens will come through asset-light franchise and developer-funded models.

• Formats: 20–25% of new screens will be premium and special formats.

• Balance sheet: The company is net debt free and completed its first buyback of ₹300 crore in September.

• Headroom: Management cites India's low screens-per-million ratio as growth opportunity.

Why It Matters

The shift toward franchise-led, asset-light expansion opens partnership opportunities for developers and investors in India's cinema sector.

Source: ETCFO / The Economic Times, 2 Nov 2026