🎬 PVR Inox Plans High Single-Digit Screen Expansion Across Sri Lanka

India’s cinema giant, PVR Inox, is accelerating its expansion in Sri Lanka, targeting a high single-digit number of cinema complexes over the next 3 to 5 years. • Expansion Strategy & Locations: - Jaffna expected as the next target site within ~4 months, driven by strong local demand for Tamil films. - Exploring regional footprints in Greater Colombo, South (Galle), and Kandy. - Shifting from large 9-screen flagships to asset-light, 4- to 5-screen complexes via partnerships, franchises, and local property developers. • Financial Performance & Investment: - Initial US$ 7 Mn capital outlay on track for full recovery by the end of this financial year or early next year (excl. COVID-19 downtime). - Upgrades like Dolby Atmos recovered capital within months. - Maintains steady operational demand with average occupancy rates around 40%. • Market Impact & Local Alignment: - Drive higher commercial rental yields by integrating branded entertainment & retail spaces. - Box-office draws led by Tamil and Hollywood releases, followed by Hindi and growing interest in local Sinhala cinema.