Multiplex Sector - Business Disrupted Again; Learnings And Better Cash Position To Help: ICICI Securities
An employee wears a protective mask in the PVR Icon cinema in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

Multiplex Sector - Business Disrupted Again; Learnings And Better Cash Position To Help: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

PVR Ltd. and Inox Leisure Ltd. stocks have corrected significantly on Covid second wave.

We estimate more than 50% of screens are shut due to lockdown or low demand and the worst case scenario of 100% screen shutdown for a few weeks looks possible.

However, faster-than expected vaccination (on new liberalised and accelerated phase 3 Covid vaccination), and decline in Covid cases would be hugely positive.

Cost continues to remain the key lever in absence of revenues for multiplexes, which previously were curtailed by around 70%.

Click on the attachment to read the full report:

ICICI Securities Multiplex Sector Update.pdf

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