PVR Share

PVR Share is dipped ..is it right time to buy?

 

There is an argument that how many of us are interested to bring our food to the theater? Does this really impact to the class of people who visited PVR?
Outside food is also allowed to take to Malls but still people eat in the malls ...so will it really impact in long run?

 

Let's say I go to a mall. I head to KFC or Burger King or a Subway. Buy food and head to the theater. Consider this multiplied over many consumers. Given a choice I would buy food (even if it is at the mall)and carry it in. The food courts and theaters are two separate entities. So even if you buy at the mall it will hit the revenue of the theater.

Theaters earn peanuts from ticket sales. Their major revenue source is food and parking (for standalone theaters).

 

First of all one must understand that irrespective of what finally happens with government decision. I am always sceptical of any business which is in amusement n entertainment business. Reason is very simple to run a business in this sector one has to keep on investing be it no of theater's, promotion, launches, plus govt taxes etc. Also, country still doesn't attract many foreign tourists as compared to other smaller counties like Singapore, Dubai or hongkong. For this sector to grow we definitely need to atleast triple our current inflow and also overall image needs to be changed as we as a country are only promoting heritage not as a leisure or entertainment destination. Which in my opinion is still 50years away.

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