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Nirmal Bang Report
After Q2 FY24 turned out to be the best quarter in the Indian multiplex's history, Q3 FY24 saw a sharp QoQ dip (despite a strong Dec-23) and the trend continued in Q4 FY24 and Q1 FY25 on a QoQ basis.
We believe that Q2 FY25 will be a quarter of strong bounce back as all major sporting events, general elections in India, heat waves across the country and Hollywood strike are now in the past and there was limited impact on the flow of Hindi or Hollywood releases.
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