PVR Inox Shares Surge Ahead of ‘Dhurandhar 2’ Release: Can the Blockbuster Boost the Stock?

86
18 Mar 2026
7 min read

News Synopsis

Shares of PVR Inox Ltd have gained momentum ahead of the much-anticipated release of Dhurandhar: The Revenge. With record-breaking advance bookings and strong box office expectations, investors are closely watching whether the film’s success can translate into a sustained rally in the stock.

PVR Inox Stock Rallies Ahead of Mega Bollywood Release

Shares of PVR Inox Ltd have witnessed a notable uptick in recent trading sessions, driven by strong anticipation surrounding the release of Dhurandhar: The Revenge.

The stock climbed nearly 3 percent to touch ₹1,029.90, taking its market capitalisation above ₹10,000 crore. Over a short span, the stock has rebounded nearly 8 percent from its recent lows earlier in the week.

Despite this recovery, PVR Inox shares remain about 18 percent below their 52-week high of ₹1,249 recorded in October 2025. Market participants are now assessing whether the upcoming blockbuster can help bridge this gap.

‘Dhurandhar 2’ Sets the Stage for a Record-Breaking Opening

Dhurandhar: The Revenge, directed by Aditya Dhar and starring Ranveer Singh alongside Akshaye Khanna, Sanjay Dutt, Arjun Rampal and Sara Arjun, is already generating massive buzz ahead of its theatrical debut.

The film is expected to release across more than 8,000 screens globally, making it one of the widest releases in Indian cinema history. Industry experts are projecting a domestic box office collection in the range of ₹1,200–1,300 crore.

Early indicators suggest strong audience interest, with paid previews already generating approximately ₹40.5 crore in gross collections. Advance bookings for opening day alone have crossed ₹29 crore, reflecting exceptional demand across regions.

Analysts believe the film could enter the list of highest advance bookings in Hindi cinema, potentially surpassing benchmarks set by blockbuster films like KGF Chapter 2.

Strong Pre-Sales and Franchise Power Drive Optimism

The sequel benefits from strong brand recall and audience loyalty built by its predecessor. Unlike the first installment, which gained traction gradually, the second part enters theatres with substantial pre-release hype and global anticipation.

According to industry estimates, the film has already clocked nearly ₹130 crore in worldwide pre-sales. With over one million advance tickets sold and more than 200,000 tickets booked for preview shows, the film is expected to open strongly at the box office.

Experts suggest that the movie could register an opening day collection of ₹100–110 crore, placing it among the biggest openings in Indian cinema history.

Such performance could position the franchise alongside top-grossing film series like Baahubali and Pushpa.

What ‘Dhurandhar 2’ Means for PVR Inox

For PVR Inox Ltd, the success of Dhurandhar: The Revenge could not have come at a better time.

The current quarter has seen relatively subdued box office performance, with only a few films making a meaningful impact. Analysts believe that this high-profile release could help revive footfalls and boost revenue for multiplex operators.

The film’s long runtime—reportedly close to four hours—is expected to significantly increase spending on food and beverages. Longer viewing durations typically encourage audiences to purchase snacks, meals, and beverages, thereby improving per capita spend.

Additionally, higher occupancy rates are expected to improve operational leverage, enhancing profitability for theatre chains.

Management Commentary Signals Positive Outlook

Executives at PVR Inox Ltd have expressed optimism about the film’s potential impact.

According to Gautam Dutta, CEO of Growth and Revenue, the movie has already demonstrated strong pre-release traction. Advance bookings have crossed the one million mark, with demand seen across both metropolitan cities and Tier-II markets.

He also highlighted that longer-duration films tend to drive higher food and beverage consumption, which is a key revenue stream for multiplex operators.

The management expects the film’s success to uplift overall industry sentiment and encourage consistent audience engagement in theatres.

Brokerages Remain Bullish on Stock Prospects

Several brokerage firms have maintained a positive outlook on PVR Inox Ltd, citing the potential upside from the film’s performance.

Analysts at PL Capital have assigned a “buy” rating with a target price of ₹1,274, noting that strong box office collections could help the company recover from a weak quarter.

Similarly, Elara Capital has set a target price of ₹1,300, highlighting the potential recovery in multiplex occupancy levels to 80–85 percent of pre-pandemic levels.

Experts caution, however, that sustained stock performance will depend on a consistent pipeline of high-quality films rather than one-off blockbusters.

Post-Pandemic Shift and Revival of Hindi Cinema

In the post-COVID era, regional films such as RRR and Kantara have dominated box office success, leading to a decline in Hindi cinema’s market share.

A strong performance by Dhurandhar: The Revenge could help Hindi films regain their footing, especially in the big-budget franchise segment.

The success of such films is also expected to encourage producers to invest in large-scale projects with global appeal, further strengthening the industry.

Key Risks and Investor Considerations

While the initial buzz around the film is strong, analysts warn that long-term stock performance will depend on sustained box office success.

If the film receives positive reviews and maintains strong collections beyond the opening weekend, it could significantly boost PVR Inox’s quarterly earnings.

However, weak word-of-mouth or a sharp drop in collections after the initial days could limit the upside.

Investors are advised to consider broader industry trends and not rely solely on a single film’s performance when evaluating the stock.

Conclusion

The release of Dhurandhar: The Revenge represents a crucial moment for both the Indian film industry and PVR Inox Ltd. With record-breaking advance bookings, strong franchise appeal, and high box office expectations, the film has the potential to drive significant footfalls and revenue growth. While the short-term outlook appears promising, sustained gains for PVR Inox will depend on continued delivery of blockbuster content.

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