₹373 crore and ₹210 crore, respectively. Meanwhile, the saving grace is that the movie pipeline ahead remains encouraging. Plus, the recent box office performance of Spider-Man: No Way Home indicates that movies in the theatres can potentially make a strong comeback depending on the content.
Regional movie Pushpa: The Rise is also seeing a good run at the box office. In short, pent-up demand appears strong. This also eases the concerns around over-the-top (OTT) platforms to some extent.
Some analysts reckon Inox is better placed due to more room for improvement in performance metrics. Plus, the balance sheet of Inox is relatively robust.