Expecting 18-20% ad growth in FY18: PVR

Motilal Oswal's 13th Annual Global Investor Conference kicks off today. Over 150+ leading corporates are attending it.

In an interview to CNBC-TV18, Nitin Sood, CFO of PVR spoke about the latest happenings in his company and sector from the side-lines of the conference.

Goods and services tax (GST) transition for the sector has been fairly smooth. There were no major hiccups as far as implementation has been concerned, he said.

There has been no change in ticket prices due to GST, he added.

Both Hollywood and Bollywood have not done too well, the big films haven’t performed at the box office. So it seems like it is going to be a slightly slower than a normal year on a box office front. The food and beverages (F&B) and the advertising part of the business continue to do well, said Sood.

On a full year basis, we should see around 18-20 percent overall growth on ad revenue, he further mentioned.

On margins he said, margins will vary quarter on quarter (QoQ) largely driven by box office.

He is hopeful of getting 17-18 percent margin on a full year basis in FY18.

Q3 and Q4 outlook from a movie content flow pipeline looks good, he said.

By end of FY18, we should be anything between 625 and 635 screens, he added.

For full interview, watch accompanying video...