Inox to add 50-60 screens every year; scouts for inorganic growth opportunity

Inox to add 50-60 screens every year; scouts for inorganic growth opportunity thumbnail
Multiplex operator Inox Leisure will continue to add 50 to 60 screens every year and scout for inorganic growth opportunity in the segment as part of its growth journey, said a top company official. Besides, the company is also looking to complete a pipeline of around 800 screens in next couple of years, which it has signed across the country.

“We are growing at very fast pace.. We are opening 50 to 60 screens every year and apart from that we already have more than 800 screens already signed with us. In the next couple of year, we would be able to open these 800 screens. We have a very robust pipeline,” Inox Leisure CEO Alok Tandon told .

Inox Leisure Ltd, presently operates 529 screens in 66 cities.

The company, which has so far acquired brands as Calcutta Cinema Private Ltd (CCPL) (2006), Fame India (2010) and Satyam (2014), is open for more such inorganic growth opportunities in coming future for expansion in regional markets.

“We are quite open for any opportunities (inorganic growth) which comes in our way,” Tandon said, adding “We were the first in the industry to start merger and acquisition in the cinema exhibition industry here…. we have already done three acquisitions till now”.

Inox Leisure had a revenue of Rs 1,348.12 crore in FY 2017-18.

Like other multiplex chains, the Gujarat-based movie exhibition company is also witnessing an increase in contribution from the food & beverages segment in its revenue and expects this trend to continue.



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