Q1 performance for PVR to be quite muted for FY25: Karan Taurani

economictimes.indiatimes.com:

«So, from valuation standpoint, things do look to be very favourable. But I think Q1 performance is going to be quite muted for FY25 because we have not seen any large ticket films doing well. IPL, World Cup, elections, all these things have been a dampener as far as Q1 occupancy is concerned. Q2 obviously will be better versus Q1. But I think Q3 will be the quarter to watch out for because a lot of the large releases have been pushed to Q3,» says Karan Taurani, Senior VP, Elara Securities.

Talk to us about the latest release which has been there, Kalki, and we have been seeing the trailers and all of that, it looks very-very impressive. I am sure you have managed to watch it already. Tell us your feedback and what kind of estimates you have on the box office collections.
Karan Taurani: Have not watched it this time around. I am not a regional movie buff. So, I have not caught up on this one. So, I think in terms of box office, broadly, I think the numbers are going to be very good as far as opening is concerned. It is one of its kind. I think this movie is a perfect blend of star power, content which is mythologically content in nature and also the VFX.

I think everything sits perfectly well for Kalki. So, the opening definitely is blockbuster. I think the trade and the checks are indicating that the response to this movie so far has been mixed. It is not completely positive or completely negative.

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