MAM
PVR announces results for quarter ended june 30, 2019
MUMBAI: PVR Limited today announced its unaudited standalone and consolidated financial results for the quarter ended 30th June, 2019.
The revenues for quarter ended June 2019 were Rs 887 crores as compared to Rs 701 crores during the corresponding period of last year, witnessing a growth of 27 per cent. Consolidated EBITDA for the quarter was Rs 285 crores as against Rs 141 crores in the same period last year, witnessing a growth of 102%. EBITDA margin for the quarter was 32.2%. Consolidated PAT for the quarter was Rs 18 crores as compared to Rs. 52 crores during the corresponding period of last year.
During the current quarter company transitioned to new accounting standard on leases – Ind AS 116. While this accounting standard has no economic impact on the business, there is a material change in the reported financials. Under this new standard company needs to capitalise all operating leases on the Balance Sheet as Right of Use and its corresponding liability as Lease Liabilities. On account of this transition the reported results of Q1 FY 2020 are not comparable to corresponding quarter last year. After adjusting for impact of this new accounting standard the Consolidated Revenue, EBITDA, EBITDA margin and PAT of the company would have been Rs 887 crores, Rs. 165 crores, 18.6% and Rs. 44 crores respectively. This would represent a revenue and EBITDA growth of 27% and 17% respectively.
The box office revenues for the quarter were up by 19% from Rs. 385 crores to Rs 457 crores led by a 19% growth in admits. F&B revenues were up by 29% from Rs 205 crores to Rs 263 crores. Advertising revenues witnessed robust growth of 28% increasing to Rs 92 crores, up from Rs. 72 crores in Q1 last year.
During the current financial year, company has aggressively expanded its presence adding 36 new screens till date across 6 properties and now operates a network of 794 screens spread over 168 properties in 67 cities across the country. The company intends to add a total of 80-100 screens in FY 2019-2020.
Commenting on the results and performance, Mr. Ajay Bijli, Chairman cum Managing Director, PVR Ltd said “We are extremely pleased with the performance of the business for Q1 FY 19-20 with strong all round performance of content at the box office despite two big cricketing events, IPL and World Cup, taking place during the same period. This truly reflects the strength of the cinema as a medium for entertainment, especially during a period when the consumer is spoilt for choice in terms of modes available to him to consume content. This give us conviction to continue with our growth plans and keep innovating to provide a better movie watching experience to our consumers.”
Brands
Kwality Wall’s reports standalone losses following strategic HUL demerger
Ice cream major faces Rs 64 crore Ebitda loss amid commodity inflation and muted Q3 sales
MUMBAI: Kwality Wall’s (India) Limited (KWIL) has released its first set of financial results as a standalone entity, revealing a challenging start to its independent journey. Following its successful demerger from Hindustan Unilever Limited (HUL) on 1st December 2025 and its subsequent listing on 16th February 2026, the company is navigating a transition period marked by structural changes and high input costs.
For the quarter ended 31st December 2025, the company reported revenue of Rs 222 crores. Despite the revenue base, the bottom line was impacted by several factors, resulting in an Ebitda loss of Rs 64.2 crores. When calculated on a Pre-IND AS 116 basis, the Ebitda loss stood at Rs 83.8 crores.
Organic Sales Growth (OSG) declined by 6.5 per cent year-on-year during the quarter. Volume growth, however, saw a marginal increase of 1.2 per cent. The company reported a gross margin of 41.5 per cent. Additionally, exceptional expenses amounting to Rs 94 crores were recorded, primarily linked to non-recurring costs during the transition phase.
Performance across portfolios and channels was mixed. Within the impulse portfolio, brands such as Magnum and Cornetto recorded mid-single digit volume growth, indicating steady demand in on-the-go consumption. However, the in-home portfolio, which includes take-home packs, experienced muted consumption. The company is planning a relaunch of this category with improved offerings ahead of the 2026 season.
Quick commerce (Q-Com) continued to emerge as a strong growth driver, delivering robust double-digit growth during the quarter. Meanwhile, the company also expanded its physical distribution network by increasing the number of company-owned cabinets across markets.
Margin pressure during the quarter was driven by a combination of one-off factors and broader cost inflation. Gross margins were impacted by around 600 basis points due to trade investments made for stock liquidation. Additionally, cocoa price inflation contributed to another 400 basis points of pressure on margins.
Deputy managing director Chitrank Goel attributed the muted performance partly to prolonged monsoons and transitional challenges linked to the GST framework. Operating expenses also increased as the company invested in establishing its standalone supply chain, operational systems and corporate infrastructure following the demerger.
Looking ahead, the management remains focused on a volume-driven growth strategy. To restore profitability, the company has initiated a cost productivity programme aimed at reducing non-consumer-facing costs. It is also working on building regional manufacturing networks to optimise logistics expenses and improve operational efficiency.
The commodity outlook for the near term remains mixed. Dairy prices are expected to remain firm due to tight supply conditions and rising fodder costs. Sugar prices may also move higher following increases in the Minimum Selling Price (MSP). While cocoa prices have moderated recently, currency depreciation has offset some of the potential cost relief for the company.
