Multiplexes Live To Fight Another Day, Says ICICI Securities 
A multiplex lobby in Mumbai. (Photo Courtesy: Twitter)

Multiplexes Live To Fight Another Day, Says 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

Multiplexes are beneficiaries of rising income levels and spend on entertainment and family outing. They have evolved from being just movie theatres to that plus restaurants.

Investors are concerned about the rise of streaming apps and direct digital releases of movies, we think India market is different and digital does not impact multiplex prospects.

In fact, Covid-19 could turn into a blessing in disguise for strong theatre chains that benefit from consolidation and rise in occupancy on normalisation.

Click on the attachment to read the full report:

ICICI Securities Multiplex Sector Initiating Coverage.pdf

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