Multiplexes see snail pace growth in screen expansion in FY22

By FY22-end, while PVR is likely to add 30 more new screens, INOX has plans to launch 30-35 screens. However, these numbers are lower than pre-COVID levels, when both PVR and INOX each added screens in the range of 70-80 in a year.

Screen expansion will continue to be slow in FY22, as top multiplexes such as PVR and INOX will have total addition of new screens in the range of 40-50.

In the first half of FY22, PVR added around 13 new screens including six screens in Jio World Drive, Mumbai; four Director's Cut screens in Ambience Mall, Gurgaon and three screens in Jamnagar, Gujarat. As for INOX, the multiplex operator launched 15 new screens. By end of FY22, while PVR is likely to add 30 more new screens, INOX has plans to launch 30-35 screens.