PVR Inox to shut 70 screens in FY25, lower capex, adopt multi-pronged growth strategy

PVR Inox is looking at renegotiation of cinema rentals, a leaner organization structure and other overhead cost control as part of a four-pronged approach to drive growth. Further, it is transitioning towards a capital-light growth model, reducing capital expenditure by 25% in FY25 over FY24.

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