In an interview to CNBC-TV18, Kapil Agarwal, Joint MD of UFO Moviez India spoke about the results and his outlook for the company.
Caravan Talkies (an open movie viewing experience for India’s rural population) did well in Q1, he said.
"I have given the overall guidance for the year to be around 30 percent and I am maintaining that guidance of 30 percent," said Agarwal.
Last year our Q2 was high volume. This year the volumes have been affected by goods and services tax (GST) implementation as well as by the performance of 'Jab Harry Met Sejal' and 'Tubelight', he said.
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