You are right. Numbers cannot be compared. PVR is 16,000 crores in M.Cap while Cinepolis is Rs. 300 crores.
@WomenInvestor is suggesting here that expenses for a consumer is almost similar between the two and she is basing her analysis on that. It’s a good way to think.
Secondly, your question on occupancy - yes at 22% it is justifiable. Because one has to consider the sector has recently come out of a war between consumer’s preferences due to OTT platforms and covid-19.
As discretionary spends will increase, people will prefer experiences in the form of movies and sports on a big screen. Plus, there’s a set of ‘feel’ to it that is not possible at home.
It will be interesting to track the subscription model on movies and food going forward. If they can crack it right, they have the potential to do really well because they already have the screens in place. 