PVR-INOX plans to close 70 underperforming screens in FY25 while adding 120 new ones, focusing on South India, which will account for 40% of the new additions.
The multiplex operator aims to reduce capex by 25-30% through a franchise-owned, company-operated (FOCO) model, partnering with developers for screen expansion. Additionally, the company will monetize non-core real estate assets in prime locations like Mumbai, Pune, and Vadodara to achieve its goal of becoming net-debt free.