Inox Leisure (IIL) reported a strong set of performance during Q2FY2020 in-line with our expectation of strong footfalls owing to healthy content despite softness in ad revenues amid ongoing slowdown in discretionary spending. Revenue registered a growth of 42.3% y-o-y to Rs 519.9 crores (ahead of our expectation of 492.1 crores by 5.7%) led by 51% and 48% y-o-y growth net box office collection (NBOC) and Food & Beverage (F&B;) revenues as advertising revenues grew at a soft pace of 5% y-o-y. IIL reported...