Hi @Mridul and @khs
Footfalls is clearly the main number to be tracked and in the recent concall - the mgt reiterated that fact forcefully. They were also confident that the business will return to earlier operating margins sooner rather than later. If it does that then even with all the valid concerns , its one of the better businesses out there with good economics.
The other aspect is the intent is there to reinvest earnings so as long as that is there one can give it more flexibility with tepid footfall growth for a while as its not easy to run debt free large format amusement parks in a cost conscious country like ours.
Going forward , the Chennai park will play a vital role in football growth as in 4-6 quarters Hyderabad will also hit peak and slowdown like Kochi and Bangalore have.
The mgt has indicated that they are targeting 13% overall growth in footfalls in fy19 and some signs of revival have been indicated in recent mgt commentary.