I don’t see that happening. Look at the kind of locations Connplex is expanding into, take recent openings for example, Bihta and Phulbani are very small towns where cinema infrastructure has largely shut down already. These aren’t the markets where large chains are likely to expand over the next 5–10 years.
Their business models simply aren’t designed to support that kind of expansion.
I’ve said this multiple times, this is a Tier 2, 3, 4 cities business, not Tier 1. It might work in Tier 1, but that’s not its real market.
Great updates. I also have it on good record that the company signed 40+ screens in January alone, Will confirm this number with the management during the Arihant investor call.
