Inox Leisure Ltd.

NSE: INOXLEISUR | BSE: 532706 | ISIN: INE312H01016 | Industry: Specialty Retail
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ICICI Securities Limited
We met the management of Inox Leisure to understand the current state of the F&B; issue and business strategy of the company ahead. The management indicated that F&B; issue seems to be fading away now due to favourable judgements on similar petitions in Madhya Pradesh, Telangana and Jammu & Kashmir. Major multiplex players have taken selective F&B; price moderation in Maharashtra to mitigate public outrage. The screen addition guidance has been revised upwards to 65+ screens in FY19 vs. earlier guidance of 59 screens on account of better visibility....
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