Adlabs Entertainment : Smoother Ride Ahead?

The reported footfall number includes snow park footfalls this quarter which is around 88000 .Snow park was started in April this year…iam doing a like to like comparison for theme park and water park YOY. I disregard snow park footfalls as its operated via JV and at best it will add 5-6 crores to topline given that adlabs gets only 25% revenue share from the operator. Personally i was puzzled management included snowpark footfalls in headline footfall number as its such a small piece in overall scheme of things.

Summer is the peak season for the theme park due to vacation crowd .Mid june onwards ,monsoon starts and with that heavy mumbai showers keep a check on footfall till september . After that the footfalls perkup again in october during festive season up till Jan. Jan till mid march again there is a slowdown due to exams etc .Heat doesn’t really affect theme parks as much as rains.